As part of its enhancement of risk-based supervision, the Central Bank opened a consultation on Impact Metrics for the Supervision of Financial Firms and on Impact Based Levies. The consultation sets out an approach to the use of regulated entity ( firm) impact metrics so as to enhance its ability to fairly and consistently categorise the extent of loss that might ensue as a result of a failure at a specific regulated entity. In turn this will improve Central Bank targeting of resources and may also provide an opportunity to better align funding of regulated entities with the cost of supervision. The consultation sets out a summary of questions and the closing date is 24 February 2011.