The Financial Stability Committee issued an opinion on Wednesday “to identify other systemically relevant institutions and the imposition of a buffer,” – said in a statement after a meeting of the KSF. Final identification of these institutions is to make the KNF.
The 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 and BGZ 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 an extra buffer of capital.
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.
spokesman KNF Luke Dajnowicz explained issued on Wednesday a statement that the final “to identify other systemically relevant institutions and the imposition on them of buffers will 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 in terms of certain provisions of the administrative procedure Code “- said a spokesman for the Financial Supervision Authority.
As cited by the way by Dajnowicz description of the methods to identify the” other systemically relevant institutions “PFSA explains the basis on which make such identification.
notes that “in assessing the systemic importance, the Financial Supervision 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 banks preparers consolidated and banks associating cooperative banks, “based on the individually addressed questionnaires oversight.”
banking analyst Kamil Stolarski with Haitong Bank believes that the decision KSF on the identification of “other systemically relevant institutions” It has no relation to 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 gotten for example. Buffer greater 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 Stolarski additional buffer was imposed on banks more than 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.
The full list will be known, adds analyst, at the latest when the Authority will post it on its website.
KSF also announced in a Wednesday statement 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 found that “domestic banks still characterized by high resistance to adverse economic 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. membership of the UK in 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.” One particular issue attention 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, “- said in the statement after the meeting KSF
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