KNF asks to view ING BSK and BGŻ BNP Paribas "systemically important"

The Committee of Financial Supervision  (KNF) decided to submit a motion to the Financial Stability Committee for expressing an opinion in the matter of recognizing the lenders ING Bank Śląski and BGŻ BNP Paribas as an systemically important institutions, the bank reported. As a systemic institution, ING and BGŻ would have a buffer  imposed on themselves equivalent to 0.5 and 0. 25 percent of total amount of the risk exposure, respectively. Recently, the KNF took similar steps regarding the PKO BP bank and Getin Noble Bank.