Systemic risk buffer
Pursuant to the regulation of the Minister of Finance (Dz.U. [Journal of Laws] of 2020, item 473), the obligation to maintain the systemic risk buffer was repealed as of 19 March 2020Pursuant to the regulation of the Minister of Finance (Dz.U. [Journal of Laws] of 2020, item 473), the obligation to maintain the systemic risk buffer was repealed as of 19 March 2020
Pursuant to the regulation of the Minister of Finance (Dz.U. [Journal of Laws] of 2020, item 473), the obligation to maintain the systemic risk buffer was repealed as of 19 March 2020.
Regulation of the Minister of Finance of 18 March 2020 (in Polish)
Since 1 January 2018 a new macro-prudential instrument – the systemic risk buffer (SRB) at the rate of 3% – has been in force in Poland. The SRB applies for all domestically authorised credit institutions in Poland. The systemic risk buffer was introduced by the Regulation of the Minister of Development and Finance of 1 September 2017 (Dz. U. [Journal of Laws] of 2017, item 1776).
The systemic risk buffer serves to prevent and mitigate long-term non-cyclical systemic risk which can cause negative consequences for the financial system and the national economy.
The goal of introducing the SRB in Poland is to ensure that banks preserve their resilience to the negative impact of shocks by maintaining appropriate capital levels. In turn, the need to maintain a high level of capital in the banking system results from the systemic risk associated with the situation in the environment of the Polish economy and the possibility of negative external shocks.