NLD DNB Reduced O-SII Buffers

On May 31, NLD DNB reduced O-SII buffers, effective May 31, 2024.

  • NLD DNB lowered buffers for other systemically important institutions (O-SII).
  • Follows NLD DNB Dec. 2022 announced confirmation of O-SII buffers, see #154403.
  • Annual Evaluation
  • NLD DNB lowered buffer requirements per article 105c Wft Prudential Rules Decree (Bpr), with article 131(6), requiring annual evaluation for O-SII buffer.
  • New requirement better reflects size of Dutch banking sector relative to economy.
  • Also, progress made in European regulation and integration, such as development of banking union, meaning problems in banking sector can be tackled more effectively.
  • More information about these changes can be found in the Financial Stability Review.
  • Following O-SII buffers have been applicable since Dec. 29, 2020: ING (2.5%), Rabobank (2%), ABN AMRO Bank (1.5%), and BNG and de Volksbank (1%).
  • Effectiveness
  • From May 31, 2024, the following O-SII buffers will apply: ING (2%), Rabobank (1.75%), ABN AMRO Bank (1.25%), and BNG and de Volksbank (0.25%).

Regulators NLD DNB
Entity Types Bank; BHC; SIFI
Reference PR, 5/31/2023; CRD/CRR Dir 2013/36, Reg 575/2013; Bpr (NLD); CCyB
Functions Financial; Reporting; Risk; Treasury
Countries Netherlands
Category
State
Products Banking; Equity
Regions EMEA
Rule Type Final
Rule Date 5/31/2023
Effective Date 5/31/2024
Rule Id 174621
Linked to Rule :154403
Reg. Last Update 5/31/2023
Report Section EU

Last substantive update on 06/04/2023