Regulatory Alerts2016-11-30
Communications - SIM and SIM Groups: Amendment to the Transitional Regime for the Capital Conservation Buffer
The Italian Banking Authority amends the transitional regime for the Capital Conservation Buffer (CCB) applicable to authorized SIMs to align their requirements with those of banks. The new rules mandate that these SIMs apply a minimum CCB coefficient of 1.25% in 2017, 1.875% in 2018, and 2.5% from January 1, 2019, at both individual and consolidated levels. The amendment enters into force on January 1, 2017, while maintaining existing rules for CCB determination and national discretion to exempt small-to-medium SIMs.
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