Regulatory Filings • Nov 7, 2024
Regulatory Filings
Open in ViewerOpens in native device viewer
DNB - Supervisory Review and Evaluation Process (SREP) 2024
The Financial Supervisory Authority of Norway ("the FSA") regularly carries out
a Supervisory Review and Evaluation Process ("SREP"), where they evaluate the
risks and capital needs of DNB. The SREP includes a decision regarding the
Pillar 2 Requirement and the Pillar 2 Guidance, which comes in addition to the
minimum requirements and combined buffer requirements under Pillar 1. DNB has
now received this year's decision from the FSA, which will apply from 31
December 2024.
The FSA has decided that the Pillar 2 Requirement for DNB (on a group level)
shall be reduced from 2.0 % to 1.7 % of the total risk exposure amount (TREA).
At least 56.25 % of the requirement shall be met with common equity tier 1
(CET1) capital, while 75 % must be met with tier 1 capital. The new Pillar 2
Requirement will therefore reduce the total capital requirement by 0.3
percentage points, the tier 1 requirement by 0.23 percentage points and the CET1
requirement by 0.17 percentage points.
The Pillar 2 Guidance is unchanged at 1.25 % of TREA.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.