In accordance with Article 105c(1) of the Decree on Prudential Rules for Financial Undertakings (Besluit prudentiële regels Wft – Bpr) in conjunction with Article 131 of Directive No 2013/36/EU (the CRD) and the Commission Delegated Regulation (EU) No 1222/2014, De Nederlandsche Bank (DNB) has again identified ING Group (hereinafter: ING) as a global systemically important institution (G-SII).
In line with the methodology of Article 5 of the Delegated Regulation, ING's score is 148 base points (based on data as at 31 December 2022), placing the institution again in subcategory 1, for which the G-SII buffer has been set at 1% of the total risk exposure amount.
On balance, this buffer will not affect ING’s risk-weighted capital requirement, given that its Other Systemically Important Institution (O-SII) buffer has been set higher and only the highest of the two counts. The O-SII buffer of ING is currently 2.5% and becomes 2% as of 31 May 2024, see here.
Every year, the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB) also publish the methodology for identifying G-SII's (or G-SIBs) and the annual outcomes.
DNB has reviewed the identification and buffer requirements for systemically important banks and maintains the current requirements.
Read more DNB maintains buffers for systemically important banks
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
On 30 September 2024, DNB published the amendments to the two policy rules for the deposit guarantee scheme (DGS). These amendments were publicly consulted in June 2024.
Read more Adoption of the 2024 amendments to the Policy Rules for the Deposit Guarantee Scheme
As at 30 June 2024, Dutch households held some €15 billion in bank deposits in other euro area countries, the latest figures from DNB and the European Central Bank (ECB) show. This means foreign savings keep growing.
Read more Dutch households see foreign bank deposits double in two years
