Santander Designated Sole Global Systemically Important Spanish Bank in 2019
November 24 2017 - 7:00AM
Dow Jones News
By Alberto Delclaux
Spain's central bank said Friday that it has designated Banco
Santander SA (SAN.MC) as the only Spanish bank in its 2019 list of
global systemically important institutions, known as G-SIIs.
Santander is already the sole Spanish bank on the list for 2017
and 2018.
In its annual review, the central bank also said that Spain's
other big banks would repeat in the list of other systemically
important institutions, or O-SIIs, in 2018: BBVA SA (BBVA.MC),
Caixabank SA (CABK.MC), Banco Sabadell SA (SAB.MC) and Bankia SA
(BKIA.MC).
Based on a scoring system--obtained through criteria outlined by
the European Central Bank--Santander will need to keep a capital
buffer of 0.75% to its total exposure risk on a consolidated basis
in 2018 and of 1% in 2019. BBVA will be required to keep a buffer
of 0.56% in 2018 and 0.75% in 2019, while the figures for the three
other banks are: 0.19% in 2018 and 0.25% in 2019.
The decisions are revised each year and the next one will come
in the fourth quarter of 2018, when the G-SIIs for 2020 and the
O-SIIs for 2019 will be designated, the central bank said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
November 24, 2017 06:45 ET (11:45 GMT)
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