The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer (528052018002) | EE

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2018, 2

§ 1 The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer Open official source

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)

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2018, 2

§ 2 The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer Open official source

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)

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2018, 2

§ 3 The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer Open official source

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).

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2018, 2

§ 4 The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer Open official source

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).

Eesti Panga President — The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer — RT V, 2018, 2

§ 5 The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer Open official source

Eesti Pank Governor’s decree 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, 2018, 2

§ 6 The list of other systemically important credit institutions and the requirement for the other systemically important institutions buffer Open official source

This decree enters into force on 1 August 2016.

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)

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