Regulatory Alerts2024-12-01
Added · Updated
Annual disclosure regarding the designation of and capital buffers on Belgian O-SIIs (1 December 2024)
The National Bank of Belgium identifies KBC Group, BNP Paribas Fortis, Euroclear Holding, ING Belgium, Belfius Bank, The Bank of New York Mellon, Investeringsmaatschappij Argenta, and Crelan as domestic systemically important institutions (O-SIIs) for 2024. The macroprudential authority maintains the additional Core Equity Tier 1 capital buffers announced in 2023, assigning a 1.5% buffer rate to the five most systemically important banks and a 0.75% buffer rate to the remaining three. These structural capital requirements are imposed under Article 14 of Annex IV of the Belgian Banking Act to mitigate the economic and social costs associated with the potential failure of these institutions.
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