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The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer

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The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer - content
    Issuer:Governor of Eesti Pank
    Type:regulation
    In force from:01.01.2019
    In force until:
    Translation published:28.05.2018

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    In force

    The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer

    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
    17.05.2018RT I, 22.05.2018, 1701.07.2018, partially 01.01.2019

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

    § 1.  For the purposes of § 8648 of the Credit Institutions Act, the following institutions operating in Estonia are identified as other systemically important institutions:
    1) Swedbank AS
    2) AS SEB Pank
    3) AS LHV Pank (RT I, 05.12.2017, 12 – entry into force 01.01.2018)
    4) Luminor Bank AS (RT I, 22.05.2018, 17 – entry into force 01.07.2018)

    § 2.  The credit institutions referred to in § 1 are required to hold other systemically important institutions buffers at the following rates:
    1) Swedbank AS: 2%
    2) AS SEB Pank: 2%
    3) AS LHV Pank: 1% (RT I, 22.05.2018, 17 – entry into force 01.01.2019)
    4) Luminor Bank AS: 2% (RT I, 22.05.2018, 17 – entry into force 01.07.2018)

    § 3.  The other systemically important institutions buffer requirement is applied to the total risk exposure as calculated under Article 92 (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 institutions buffer requirement must be met both individually and at consolidated level (RT I, 05.12.2017, 12 – entry into force 01.01.2018).

    § 5.  Eesti Pank Governor’s decree 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.