On 25 May 2022, DNB announced an increase in the countercyclical capital buffer (CCyB) to 1%. DNB now confirms its decision to continue the build-up of the CCyB to 1%. Accordingly, banks with loans outstanding in the Netherlands must to comply with this requirement by 25 May 2023.Read more
ING Bank N.V. identified as a global systemically important institution (G-SII)
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 as amended by Directive (EU) No 2019/878 (the CRD) and the Commission Delegated Regulation (EU) No 1222/2014, De Nederlandsche Bank (DNB) has again identified ING Bank N.V. as a global systemically important institution (G-SII).
In line with the methodology of Article 5 of the Delegated Regulation, ING Bank N.V.'s score is 155 base points (based on data as at 31 December 2020), 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 the balance, this buffer will not affect ING Bank N.V.’s risk-weighted capital requirement, given that its Other Systemically Important Institution (O-SII) buffer has been set (2,5%, see here), and only the highest of the two counts.
Every year, the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB) publish the methodology for identifying G-SII's (or G-SIBs) and the annual outcomes.