The improvement of the loss-absorbing capacity of systemically important institutions is a preventive macroprudential tool aimed at limiting contagion that might arise from insolvency or stress situations in general for systemically important institutions.
As from 2016, other systemically important institutions buffer (O-SII) is applied to all banks that have been identified as significant or systemically important due to their size, interconnectedness or noticeable cross-border activities.
In addition, the CNB uses the globally systemically important institutions buffer (G-SII), which is applied to those financial institutions that have been identified according to the G-SIFI[1]criteria agreed among the G20 members. There are no globally systemically important institutions in Croatia. However, some parent banks, owning the capital in Croatian banks, have that status.
- The procedure for identifying other systemically important credit institutions and capital buffer requirements for other systemically important credit institutions (15/1/2016)
- Notification on the review of the identification of other systemically important credit institutions in the Republic of Croatia (13/1/2022)
[1]Globally Systemically Important Financial Institutiton
PAST NOTIFICATIONS
- Notification on the results of the review of the systemic importance of credit institutions in the Republic of Croatia (10/12/2020)
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Croatian National Bank published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 07:41:06 UTC.
