EBU Single Rulebook Q&A 13 June 2017 2017_3342 O-SII Buffer on individual and consolidated level

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European Union · · · 17-11-2017

Article 131(5) of the CRD (Directive 2013/36/EU) states that “the competent authority or designated authority may require each O-SII, on a consolidated or sub-consolidated or individual basis, as applicable, to maintain an O-SII buffer..”. May the competent authority or designated authority also require a single O-SII to maintain an O-SII buffer both on a consolidated AND individual basis?

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