Position KSF is a response to the request of the Financial Supervision Commission, which asked the Financial Stability Committee to express an opinion on the identification of banks such as ING Bank, PKO BP, Getin Noble Bank BGZ and BNP Paribas as “other systemically relevant institutions” (ie, those whose failure could cause perturbations in the domestic financial market – PAP) and imposed on these banks additional capital buffer.
Both institutions – the financial supervision Authority and KSF – define this term banks under the Act on macro-prudential oversight of the financial system and crisis management in the financial sector. This law implements in turn, the requirements of international regulations, including the EU directive of 2013.
KNF spokesman Lukasz Dajnowicz said in a statement that the final “to identify other systemically relevant institutions and the imposition on them of buffers will be in accordance with art. 39 of the macro-prudential oversight in the form of administrative decisions FSA”.
“administrative proceedings in these cases are in progress and are carried out with the participation of banks that are parties to proceedings and decisions will be issued on the dates set by the Code of administrative procedure” – said a spokesman for the Financial Supervision Authority.
on the occasion cited by Dajnowicz description of the methods to identify the “other systemically relevant institutions “PFSA explains the basis on which such identification is made.
notes that” in assessing the systemic importance, Financial Supervisory Commission takes into account the guidelines of the European Banking Authority (EBA) of 16 December 2014 “. It takes into account the values of indicators such as indicators, among others, total assets, the value of transactions, including domestic payments, deposits of private sector depositors from the EU and loans to the private sector granted to borrowers with the EU, the value of derivative liabilities and receivables border.
PFSA also adds that the consolidated data is obtained from the banks preparing consolidated accounts and banks associating cooperative banks, “based on the individually addressed questionnaires oversight.”
Kamil Stolarski banking analyst with Haitong Bank believes that the decision on the identification of KSF “other systemically relevant institutions” has no connection with foreign currency loans. In his opinion, it is rather related to the “implementation of the capital requirements associated with Basel III”, and in this process, “Poland is obliged to identify other systemically relevant institutions.”
“ING Bank Slaski got eg. a buffer larger than Getin Bank, and practically no credit frankowych” – notes the analyst. He argues that “the amount of buffer depends on the size of bank assets.”
According Carpentry additional buffer was imposed on more banks than these four, which has announced about this, probably all the major banks. “If he got it BGZ, all banks are bigger than BGZ also get” – says.
Full list will be known, adds analyst, at the latest when the Authority will post it on its website.
KSF also announced in Communication that “performing statutory obligations, adopted a resolution ws. recommendation regarding the retention of a countercyclical buffer of 0 per cent., and decided to transfer the European Board. Systemic Risk relevant information on this buffer.”
at the meeting KSF is also discussed, as reported by the message, the results of stress tests in the Polish banking sector in 2016. carried out by the Financial Supervision Commission and recognized that “domestic banks still characterized by high resistance to adverse economic events and financial.”
” it was noted that while banks have achieved for the first half of 2016. good financial results, but they were largely the result of the proceeds from the sale of shares in Visa Europe and, therefore, one-off event, “- said in a statement.
“Bearing in mind the significant uncertainty in the macroeconomic environment, including related the results of the referendum on. Britain’s membership of the EU, the Committee stressed the importance of maintaining the high resilience of the financial system disorders, “- said the message.
the Committee discussed also the main sources of risk to the stability of the domestic financial system. “in particular, attention was drawn to the situation on the commercial real estate market, the consequences of actions related to the issue of foreign currency loans and the challenges resulting from the additional burden of the banking sector,” – says the KSF statement after the meeting.
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