“The financial sector needs to provide a fair contribution to the resolution of the recent systemic crisis”, especially where financial institutions have benefitted from government support during the financial crisis‖. This basic principle was broadly supported by delegates at the CMF discussion on how to raise revenues in order to fund systemic crisis resolution. Views on how to achieve that goal differed, however. Thus, the CMF discussion was illustrative of the broader ongoing debate regarding mechanisms for enhancing financial stability, which has been taking place in international forums, including in particular the FSB and the G20. Several different types of financial-sector taxes or levies have been proposed or implemented, many of which could be interpreted as measures to fund systemic crisis resolution ex post (i.e. after the crisis occurs). The observation that the different measures adopted have been little coordinated across borders is likely to have resulted in additional costs in terms of potential distortions to competition and incentives[...]