Banco de España Updates List of Other Systemically Important Institutions and Sets Macroprudential Capital Buffer Rates for 2025
Madrid, November 22, 2024 – The Banco de España has updated its list of other systemically important institutions (O-SIIs) and set their macroprudential capital buffer rates for 2025.
The following institutions have been designated as O-SIIs for 2025:
- Banco Santander, S.A.
- BBVA, S.A.
- CaixaBank, S.A.
- Banco Sabadell, S.A.
- Bankia, S.A.
These institutions have been identified as having a significant impact on the stability of the Spanish financial system due to their size, interconnectedness, and complexity.
The macroprudential capital buffer rate for O-SIIs has been set at 1% for 2025. This buffer is designed to mitigate systemic risks by requiring O-SIIs to hold additional capital that can be used to absorb losses in the event of a financial crisis.
The Banco de España has also set the countercyclical capital buffer rate for 2025 at 0%. This buffer is designed to address risks that may arise from excessive credit growth.
These measures are part of the Banco de España’s ongoing efforts to ensure the stability of the Spanish financial system. The Banco de España will continue to monitor systemic risks and adjust its macroprudential measures as necessary.
Additional Information
- The list of O-SIIs is reviewed annually by the Banco de España.
- The macroprudential capital buffer rate is set by the Banco de España in consultation with the European Central Bank.
- The countercyclical capital buffer rate is set by the Banco de España in consultation with the European Systemic Risk Board.
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