The Minister for Finance has initiated a consultation in relation to regulations prescribing the rate of contribution or a method of calculating the rate of contribution to the Credit Institutions Resolution Fund.  Under the terms of the Central Bank and Credit Institutions (Resolution) Act 2011, the Minister for Finance is required to make regulations governing contributions to the Credit Institutions Resolution Fund. The purpose of the consultation document is to provide for parameters (level, rate and application) of the Levy.

The Minister for Finance invites interested parties to make submissions on the making of regulations to introduce a resolution levy on authorised credit institutions by 27 July 2012.