The Austrian regulator has ordered 12 Austrian banks to gradually increase their capital buffer by up to 2% of risk-weighted assets until the start of 2019 in order to cover systemic risks. Erste Bank, Raiffeisen Bank International, Raiffeisen Zentralbank Oesterreich and Unicredit Bank Austria have been instructed to start with a rise of 25bp from January 2016, doubling every January until 2019. Raiffeisenbank Niederoesterreich [RHNDWR.UL], Raiffeisenlandesbank Oberoesterreich , Sberbank Europe and Vorarlberger Landes- und Hypothekenbank [VORARL.UL]. In an interview on Monday at the European Central Bank’s headquarters in Frankfurt, Mario Draghi, president of the ECB, said that he was “very pleased” about the banks’ decision but added that The requirement is in addition to the SREP (Supervisory Review and Evaluation Process) ratio.
The Austrian regulator has ordered 12 Austrian banks to gradually increase their capital buffer by up to 2% of risk-weighted assets until the start of 2019 in order to cover systemic risks. Erste Bank, Raiffeisen Bank International, Raiffeisen Zentralbank Oesterreich and Unicredit Bank Austria have been instructed to start with a rise of 25bp from January 2016, doubling every January until 2019. In an interview on Monday at the European Central Bank’s headquarters in Frankfurt, Mario Draghi, president of the ECB, said that he was “very pleased” about the banks’ decision but added that The requirement is in addition to the SREP (Supervisory Review and Evaluation Process) ratio.