Examples of Bank Levy in a sentence
The Bank Levy is imposed on (amongst other entities) U.K. banking groups and subsidiaries, and therefore applies to the Group.
The amount of the Bank Levy is based on a bank's total liabilities, excluding (amongst other things) Tier 1 capital, insured retail deposits and repos secured on sovereign debt.
OPERATING EXPENSE (CONTINUED)The UK Bank Levy (the “Levy”) is an annual charge on a bank’s balance sheet.
The following entities will not be eligible: • Australian Government and its agencies, • State and Territory governments and their agencies, • Foreign governments and their agencies; • Local council governments; • Wholly-owned corporations of any of the above; and • A business subject to the Major Bank Levy.
Bank Levy HM Treasury introduced an annual U.K. bank levy (the "Bank Levy") via legislation in the Finance Act 2011.