Decision of the Board of the Financial Supervisory Authority on lowering the additional capital requirements for credit institutions

The FIN-FSA Board also decided to lower the additional capital requirement for other systemically important institutions (O-SII buffer), as referred to in chapter 10, section 8 of the Credit Institutions Act, in the case of OP Financial Group, to 1.0% (2.0%).

The decision enters into force immediately. The aim of the decision is to mitigate the negative effects of the coronavirus pandemic on the stability of financial markets and on credit institutions’ ability to finance the economy.

The FIN-FSA will closely monitor that banks use the positive effects of these measures to mitigate the impact of the crisis and not to channel them into the payment of dividends or performance bonuses.

For further information, please contact

Samu Kurri, Head of Department, tel. +358 9 183 5247

Appendices

• Board’s decision on the lowering of credit institutions’ capital requirements (pdf)
• Principles for determining national systemically important credit institutions (O-SIIs) and setting additional capital requirements (O-SII buffers) (pdf)