Letter from PFSA concerning buffer for other systematically important institution.
Letter from PFSA concerning buffer for other systematically important institution.
| Current Report | | |
| Drafted on: | 15.09.2021 |
| Current report No | 39/2021 |
| Legal basis: | |
| §| 17 Regulation (EU) No 596/2014 Of The European Parliament And Of The Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC |
| Contents: | |
| The Management Board of mBank S.A. ("|Bank"|) informs that on 14 September 2021 the Bank received a letter in which the Polish Financial Supervision Authority informed that on 6 September 2021 the administrative proceedings have been launched against banks for which the buffer for other systemically important institution (O-SII) may be changed. Since the administrative proceeding wasn&rsquo|t established against the Bank, the O-SII buffer will not be changed. According to PFSA decision dated on 29 October 2020, the Bank is obliged to keep the O-SII buffer equivalent to 0.50% of the total risk exposure amount calculated in accordance with Art. 92 par. 3 of the Regulation of the European Parliament and of the Council (EU) No. 575/2013 of 26 June 2013 on prudential requirements for credit institutions and investment firms, amending Regulation (EU) No. 648/2012, about which the Bank informed in a report no. 74/2020 published on 6 November 2020. |
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SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY
| Vice-director for investment supervision, Compliance Department | Maciej Mołdawa 15.09.2021 |
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