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Confirming the change to the list of other systemically important credit institutions and setting the other systemically important institution buffer rate

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Confirming the change to the list of other systemically important credit institutions and setting the other systemically important institution buffer rate - content
    Issuer:Governor of Eesti Pank
    Type:regulation
    In force from:01.01.2018
    In force until:
    Translation published:07.12.2017

    Confirming the change to the list of other systemically important credit institutions and setting the other systemically important institution buffer rate

    Passed 30.05.2016 Annex 7
    RT I, 01.06.2016, 4
    Entry into force 01.08.2016

    Amended by the following legal instruments (show)

    PassedPublishedEntry into force
    30.11.2017RT I, 05.12.2017, 1201.01.2018

    This decree is established on the basis of section 8648 (3) and (7) of the Credit Institutions Act.

    § 1.  Other systemically important institutions operating in Estonia in the meaning of section 8648 of the Credit Institutions Act are:
    1) Swedbank AS
    2) AS SEB Pank
    3) AS LHV Pank

    [RT I, 05.12.2017, 12 - entry into force 01.01.2018]

    § 2.  The credit institutions named in Point 1 must hold systemically important institution buffers at the following rates:
    1) Swedbank AS: 2%
    2) AS SEB Pank: 2%
    3) AS LHV Pank: 0,5%

    [RT I, 05.12.2017, 12 - entry into force 01.01.2018]

    § 3.  The other systemically important institution buffer requirement is applied to the total risk exposure as calculated under Article 92 Section 3 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176, 27.06.2013, p 1-337).

    § 4.  The other systemically important institution buffer must be met individually and at a consolidated level.

    [RT I, 05.12.2017, 12 - entry into force 01.01.2018]

    § 5.  The Decree of the Governor of Eesti Pank No 10 of 1 December 2015 "Other Systemically Important Institutions" (RT I, 02.12.2015, 16) is repealed.

    § 6.  This decree enters into force on 1 August 2016.