Today, the European Parliament Economic Affairs Committee issued a press release stating that "a globally implemented tax to discourage excessive risk-taking by financial institutions and to ensure the industry pays for the damage caused by the financial crisis should be considered." However, the Committee stressed that any such tax "must not harm the banking system's ability to perform its vital role of financing real economy investments." The Committee did not release any details or other specific information about the implementation of such tax noting that the issues surrounding such tax would be put to the European Council and the European Commission during the March plenary session.

Last month, the Obama Administration announced the proposed "Financial Crisis Responsibility Fee" to be levied on certain large banks and other financial firms, with the intent to, among other things, repay taxpayers for "every last penny" of expected cost of the Troubled Asset Relief Program.