ESRB Publishes Member State Notifications on O-SII Buffers
EBA, ECB, and ESRB have been notified by certain European national authorities about their decision on the identification of other systemically important institutions (O-SIIs) and the activation of the O-SII buffers. The national authorities that have notified EBA, ECB, and ESRB about their decisions on the identification of O-SIIs and the activation of O-SII buffers are Bank of Lithuania, Bank of Portugal, Central Bank of Iceland, Central Bank of Cyprus, Danish Financial Supervisory Authority, DNB, FIN-FSA, and National Bank of Slovakia. MNB also notified ESRB about its decision on the identification of O-SIIs and the activation of O-SII buffers.
DNB and FIN-FSA announced the list of identified O-SII institutions, their respective overall scores, and the respective buffer rates. The O-SII institutions identified by DNB include ING Bank N.V., Coöperatieve Rabobank U.A., ABN AMRO Bank N.V., BNG Bank N.V., and De Volksbank N.V. DNB notified that the buffers are fully phased-in as of 2019. The O-SII institutions identified by FIN-FSA include Nordea Group, OP-Group, and Municipality Finance Plc.
In addition, MNB announced a list of identified O-SII institutions, their respective level of the buffer applied, and the the timeline of the phase-in of the buffer requirements. The O-SII institutions include OTP Bank Nyrt., UniCredit Bank Hungary Zrt., Kereskedelmi és Hitelbank Zrt., ERSTE BANK HUNGARY Zrt., Raiffeisen Bank Zrt, MTB Magyar Takarékszövetkezeti Bank Zrt., CIB Bank Zrt., and MKB Bank Zrt. The phase-in period for the O-SII buffer requirements runs from January 01, 2022 until January 01, 2024. MNB shall annually review the group of institutions identified as O-SIIs and their respective O-SII buffer requirements.
Related Links
- Notifications on Systemically Important Institutions
- DNB Notification (PDF)
- FIN-FSA (PDF)
- MNB Notification (PDF)
Keywords: Europe, EU, Banking, O-SII, Macro-Prudential Policy, Systemic Risk, Basel, Regulatory Capital, ECB, ESRB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Previous Article
MFSA Publishes Guidelines on Submission of Reporting DataRelated Articles
EBA Proposes Guidelines for Establishing Intermediate Parent Entities
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC Adopts Financial Reporting Changes Arising from Benchmark Reforms
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HMT Updates List of Post-Brexit Equivalence Decisions in UK
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA Issues Erratum for Technical Package on Reporting Framework 3.0
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA Publishes Risk Dashboard for Third Quarter of 2020
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Finalizes Guide on Supervisory Approach to Bank Consolidation
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
