Regulatory Alerts2021-12-01
Added · Updated
Annual disclosure regarding the designation of and capital surcharges on Belgian O-SIIs (1 December 2021)
The NBB maintains the O-SII designations for eight Belgian institutions: BNP Paribas Fortis, KBC Group, ING Belgium, Belfius Bank, Euroclear, The Bank of New York Mellon, Argenta, and Axa Bank Belgium. BNP Paribas Fortis, KBC Group, ING Belgium, and Belfius Bank are assigned a 1.5% CET1 capital surcharge, while Euroclear, The Bank of New York Mellon, Argenta, and Axa Bank Belgium are assigned a 0.75% surcharge. These capital requirements remain in effect as structural buffers, having been phased in since 1 January 2016.
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