The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer
Table of Provisions (6)
Statutory Text (6 Articles)
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
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%
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).
The other systemically important institution buffer must be met individually and at a consolidated level.
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Governor of Eesti Pank No 10 of 1 December 2015 "Other Systemically Important Institutions" (RT I, 02.12.2015, 16) is repealed.
This decree enters into force on 1 August 2016.