Featured Product

    ESRB Receives Notification on Identification of O-SIIs in Denmark

    August 09, 2019

    Danish Financial Supervisory Authority (DFSA) notified EBA, ECB, and ESRB about its decision on the identification of other systemically important institutions (O-SII) and the level of systemic risk buffers for these institutions. Additionally, the Central Bank of Hungary (MNB) has notified ECB and ESRB on the amendment of the regulation on debt-service-to-income (DSTI) ratio and loan-to-value (LTV) ratio limits.

    DFSA notified that the designation of O-SIIs in Denmark applies at the highest possible level of consolidation. The O-SII institutions in Denmark include Danske Bank A/S, Nykredit Realkredit A/S, Nordea Kredit Realkreditaktieselskab, Jyske Bank A/S, Sydbank A/S, DLR Kredit A/S, and Spar Nord Bank A/S. The identification of O-SIIs and the allocation into subcategories is reviewed at least annually and always in the months of May or June. The O-SII buffer is not applied in Denmark. However, an institution-specific systemic risk buffer applies. The systemic risk buffer applies to the institution designated as O-SII and to each individual credit institution of the O-SII. The Minister of Industry, Business and Financial Affairs sets the systemic risk buffer. For Spar Nord Bank A/S, the systemic risk buffer has been set to 0.5% at the end of 2019 and to 1% at the end of 2020, according to the Danish Financial Business Act. 

     

    Related Links

    Keywords: Europe, Denmark, Banking, Systemic Risk Buffer, O-SII, Macro-Prudential Measures, Systemic Risk, LTV, DFSA, MNB, EBA, ECB, ESRB

    Featured Experts
    Related Articles
    News

    APRA Publishes Approach to Regulating and Supervising GCRA Risks

    APRA published an information paper that sets out a more intensive regulatory approach to transform governance, culture, remuneration, and accountability (GCRA) practices across the prudentially regulated financial sector.

    November 19, 2019 WebPage Regulatory News
    News

    IAIS Publishes Application Paper on Recovery Planning

    IAIS published the final application paper on recovery planning, along with the resolution of comments on the draft application paper.

    November 18, 2019 WebPage Regulatory News
    News

    FSB Publishes Summary of November Meeting of RCG for MENA Region

    FSB published a summary of the November meeting of the Regional Consultative Group (RCG) for Middle East and North Africa (MENA).

    November 17, 2019 WebPage Regulatory News
    News

    EBA Single Rulebook Q&A: Second Update for November 2019

    EBA updated the Single Rulebook question and answer (Q&A) tool with answers to eight questions that relate to the Bank Resolution and Recovery Directive (BRRD) and the Capital Requirements Regulation and Directive (CRR and CRD).

    November 15, 2019 WebPage Regulatory News
    News

    FSI Examines Use of Red Team Testing to Enhance Cyber Resilience

    The Financial Stability Institute (FSI) of BIS published a paper that examines the contribution of red team testing frameworks toward enhancing cyber resilience.

    November 15, 2019 WebPage Regulatory News
    News

    FASB Delays Effective Dates for CECL, Leases, and Hedging Standards

    FASB issued two Accounting Standards Updates finalizing the delays in effective dates for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.

    November 15, 2019 WebPage Regulatory News
    News

    ESMA Updates Q&A on Securitization Regulation in November 2019

    ESMA updated questions and answers (Q&A) on the Securitization Regulation (Regulation 2017/2402).

    November 15, 2019 WebPage Regulatory News
    News

    HKMA Announces Finalization of Banking Liquidity Amendment Rules 2019

    HKMA issued a letter informing all authorized institutions that negative vetting of the Banking (Liquidity) (Amendment) Rules 2019 (BLAR) has now expired. Thus, the BLAR will now come into operation from January 01, 2020.

    November 15, 2019 WebPage Regulatory News
    News

    BCBS Consults on Revised Disclosures for Market Risk Framework

    BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.

    November 14, 2019 WebPage Regulatory News
    News

    BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks

    BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.

    November 14, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4167