Banks to have 3% risk buffer – FinMin

According to the draft legislation prepared by the finance and development ministry, Polish banks will have to have a 3 percent systemic risk buffer as of next year. “This is an additional sum of Tier 1 capital, in the amount of 3 percent of the total risk exposure,” the draft document said. “The introduction of the systemic risk buffer stems from the need to maintain banks' resilience to negative shock phenomena via maintaining the level of capitals generated by banks so far,” the ministry explained. State bank BGK will be excluded from the obligation.