Establishment of the requirement for the systemic risk buffer to a credit institution and the consolidation group of a credit institution

Passed 09.07.2014 Annex 12

This decree is based on subsection 86⁴⁹ (1) of the Credit Institutions Act.

§ 1.  This decree establishes the systemic risk buffer rate to credit institutions operating in Estonia, which amounts to 2.0 per cent of the total exposure calculated in accordance with Article 92(3) of the Regulation (EU) No 575/2013 of the European Parliament and of the Council.

§ 2.  The requirement for the systemic risk buffer rate must be fulfilled by every credit institution on a non-consolidated basis and by the parent undertaking of the consolidation group of a credit institution on a consolidated basis.

§ 3.  This decree will enter into force on 1 August 2014.

Ülo Kaasik
Deputy Governor in the capacity of the Governor