The Central Bank and the Department of Finance launched a joint consultation on the cost of funding financial regulation on 3 July 2015. The aim of the consultation is to elicit views on a move from the current approach of partial industry funding of financial regulation towards full industry funding. At present, industry funds approximately 50% of the costs incurred by the Central Bank (with certain important exceptions including in relation to credit institutions). The consultation paper outlines various proposed changes to the existing funding model and covers themes such as the case for full industry funding, the current regulatory cost model, the future cost of financial regulation, international and domestic comparisons and the regulatory landscape for each of the regulated sectors. A significant proposed change outlined in the consultation paper is to align more closely the funding levies paid by regulated entities with the costs of their supervision. The public consultation is open for submissions until 25 September 2015 and submissions received will be published on the Central Bank website.