Meeting of the Financial Stability Council
The second meeting of the Financial Stability Council in 2018 was held on Tuesday 20 March and continued on Friday 13 April at the Ministry of Finance and Economic Affairs. On the agenda were financial system risks and the economic outlook.
The Council instructed the Financial Supervisory Authority (FME) to keep the capital buffer for systemically important financial institutions and the systemic risk buffer unchanged. The Council also recommends to the FME that the adaptation period for deposit-taking institutions not considered systemically important to the systemic risk buffer be lengthened. According to this, the deposit institutions concerned must satisfy the 3% capital requirement by 1 January 2020 instead of 1 January 2019.
The Council also instructed the FME to increase all financial institutions’ countercyclical capital buffer on domestic exposures by 0.5 percentage points, to 1.75%.
The Financial Stability Council’s next meeting will be held on 26 June 2018.