Notification template for Article 131 CRD - Global Systemically Important Institutions (G-SIIs)
Please send this template to
·notifications@esrb.europa.eu when notifying the ESRB;
·macropru.notifications@ecb.europa.eu when notifying the ECB;
·notifications@eba.europa.eu when notifying the EBA.
Emailing this template to the above-mentioned addresses constitutes an official notification, no further official letter is required. In order to facilitate the work of the notified authorities, please send the notification template in a format that allows electronically copying the information.
1. Notifying national authority | |
1.1 Name of the notifying authority | Federal Financial Supervisory Finanzdienstleistungsaufsicht)Authority (Bundesanstaltfür |
2. Description of the measure | |
2.1 Concerned institution(s) | Deutsche Bank AG - 7LTWFZYICNSX8D621K86 |
2.2 Level of the buffer applied | 2.0 % |
2.3 Names of subsidiaries | If any of the concerned institutions is a parent institution, please name the subsidiaries of the institution notified as O-SIIs (please give name and LEI code). Deutsche Bank Luxembourg S.A.- 529900FIAMEJDQ8C9097 |
3. Timing of the measure | |
3.1 Timing of the Decision | 14 December 2018 |
3.2 Timing of the Publication | dto. |
3.3 Disclosure | dto. |
3.4 Timing of Application | dto. |
3.5 Phasing in |
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Date of template version: 2016-03-01
4. Reason for activation of the G-SII buffer | |
4.1 Indicators used designation of the G-SII (Article 131.2) for | Please provide information on the following categories of indicators:
Please provide relevant information in a separate Excel file. If available, the information set that was sent to the BIS can be used. è See attached Excel file. |
4.2 Scores and buckets (Article 131.2 and 131.9) | Please provide information on:
Please provide relevant information in a separate Excel file. If available, the information set that was sent to the BIS can be used. Final score 363 bp à bucket 3 (2.0%) for further information please see attached Excel file. |
5. Cross-border and cross-sector impact of the measure | |
5.1 Assessment of cross-border effects and the likely impact on the internal market (Recommendation ESRB/2015/2) | Assessment of the cross-border effects of the implementation of the measure. a. Assessment of the spillover channels operating via risk adjustment and regulatory arbitrage. The relevant indicators provided in Chapter 11 of the ESRB Handbook on Operationalising Macro-prudential Policy in the Banking Sector1 can be used. b. Assessment of:
à Not applicable. |
5.2 Assessment of leakages and regulatory arbitrage within the notifying Member State | Referring to your country's specific characteristics, what is the scope for "leakages and regulatory arbitrage" in your own jurisdiction (i.e., circumvention of the measure/leakages to other parts of the financial sector)? è Leakages or regulatory arbitrage are not expected. |
1 Available on the ESRB's website atwww.esrb.europa.eu.
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6. Combinations and timing of the G-SII notified | |
6.1 combinations between G-SII and O-SII buffers (Article 131.14) | From 1 Jan 2017 From 1 Jan 2018 From 1 Jan 2019 O-SII buffer0.66%1.32%2.00% G-SII buffer 1.00% 1.50% 2.00% |
6.2 Combinations with SRB buffers (Article 131.14 + Article 133.5) | SRB not applied. |
6.3 Interaction with other measures | According to section 20 German Recovery and Resolution Act (Sanierungs- und Abwicklungsgesetz - SAG) - G-SIIs are institutions posing a potential systemic risk (PSI). In order to ensure the stability of the financial system and to protect the wider economy, institutions identified as PSIs have to fulfil additional and/or stricter supervisory requirements in the following areas:
In addition, further requirements apply to PSIs that are also G-SIIs: Requirements on data management, data quality and data aggregation capabilities (AT 4.3.4 MaRisk-E.), which is the national transposition of "Risk data aggregation capabilities and risk reporting practices - Principles for effective risk data aggregation and risk reporting" (BCBS 239). |
7. Miscellaneous | |
7.1 Contact person(s) at notifying authority | Bernhard Fieten,GSII-OSII@bafin.de |
7.2 Any other relevant information |
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Disclaimer
ESRB - European Systemic Risk Board published this content on 25 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2019 12:13:03 UTC