The Danish FSA has designated Nykredit Realkredit A/S as a systemically important financial institution (SIFI), as expected.
– We are pleased that Nykredit Realkredit A/S has been designated as a systemically important financial institution. This is a recognition of Nykredit's importance to Danish society, says Michael Rasmussen, Group Chief Executive, and adds:
– As a SIFI, we will be monitored by the Danish FSA to a higher extent, and we expect that the SIFI buffer requirement will be in the region of 2%, which is higher than the present capital requirement.
The SIFI buffer requirement must be fulfilled with Common Equity Tier 1 (CET1) capital. The requirement will be phased in gradually in the period 2015-2019. The Danish Ministry for Business and Growth will announce the SIFI buffer requirement during autumn 2014.
The announcement of the Danish FSA may be seen below.
Questions may be addressed to Michael Rasmussen, Group Chief Executive, tel +45 44 55 16 50, or Birgitte Andersen, Corporate Communications, tel +45 44 55 14 71/+45 20 46 16 65.
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