Regulatory Alerts2015-12-24
Added · Updated
Royal Decree of 18 December 2015 amending the Royal Decree of 27 November 2015 approving the National Bank of Belgium's Regulation of 10 November 2015 on the method for designating domestic systemically important institutions and determining their Tier 1 core capital buffer
The National Bank of Belgium designates specific credit institutions, financial holding companies, and mixed financial holding companies as Domestic Systemically Important Institutions (DSIIs). It imposes additional Tier 1 core capital buffers on these entities, set at 0.5% for the first category and 0.25% for the second category starting 1 January 2016, with scheduled increases to 1% and 0.5% respectively in 2017, and 1.5% and 0.75% in 2018. The affected institutions include Belfius Bank, BNP Paribas Fortis, ING Belgium, KBC Group, KBC Bank, Argenta, Axa Bank Europe, Euroclear, and The Bank of New York Mellon.
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