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.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
MFSA Publishes Guidelines on Submission of Reporting DataRelated Articles
PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
EBA Finalizes Standards on Methods of Prudential Consolidation
EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).
EBA Updates List of Other Systemically Important Institutions in EU
EBA updated the list of other systemically important institutions (O-SIIs) in EU.
BCBS Report Concludes Basel Risk Categories Can Capture Climate Risks
BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.
UK Authorities Welcome FSB Review of their Remuneration Regime
UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.
PRA and FCA Letter on Addressing Risks from Use of Deposit Aggregators
PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.
MFSA to Amend Banking Act and Rules in Coming Months to Transpose CRD5
MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.
EC Delegated Regulation on Specialized Lending Exposures Under CRR
EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.
OSFI Proposes to Enhance Assurance Expectations for Basel Returns
OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.
ECB Issues Results of Benchmarking Analysis of Recovery Plans of Banks
ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.
