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507122017001 EE

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

6 Articles / Provisions · Estonia
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Table of Provisions (6)

Statutory Text (6 Articles)

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2017, 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

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2017, 1

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%

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2017, 1

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).

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2017, 1

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

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2017, 1

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Governor of Eesti Pank No 10 of 1 December 2015 "Other Systemically Important Institutions" (RT I, 02.12.2015, 16) is repealed.

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2017, 1

This decree enters into force on 1 August 2016.

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