2022-05-17
The document outlines the design of capital buffers, specifying a 16% Tier 1 capital ratio composed of a 7.5% conservation buffer and a 2.5% countercyclical buffer. It details supervisory actions and dividend restriction options ranging from graduated to hard limits based on capital adequacy levels. A five-year transition period is established for implementation, with specific annual targets for conservation and countercyclical buffers from 2019 to 2024.