Opinion of the Financial Stability Committee regarding the level of the other systemically important institution buffer
Opinion of the Financial Stability Committee regarding the level of the other systemically important institution buffer
| Current Report | | |
| Drafted on: | 30.09.2020 |
| Current report No | 60/2020 |
| 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: | |
| With reference to the current report No. 58/2020 of 22 September 2020, the Management Board of mBank S.A. ("|Bank"|) informs that on 29 September 2020 the Bank received a decision of the Financial Stability Committee ("|FSC"|) issued at the request of the Polish Financial Supervision Authority ("|PFSA"|) within the framework of the administrative proceedings conducted by the PFSA regarding the review of the adequacy of the other systemically important institution (O-SII) buffer imposed on the Bank. In the aforementioned decision, the FSC expressed a positive opinion on the imposition on the Bank 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. The Bank will inform in a separate report about the decision issued by the PFSA in the above-mentioned proceeding. |
SIGNATURE OF THE PERSONS REPRESENTING THE COMPANY
| Vice-director for investment supervision, Compliance Department | Maciej Mołdawa 30.09.2020 |
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