Investor Presentaiton
Regulatory Capital Requirements
Pro forma CET1 Regulatory Capital Requirements Set by
Range
2017
2018
2019
2020
2021
Pillar 1 - CET1
CRR
4.5%
4.5%
4.5% 4.5%
4.5%
4.5%
Pillar 2 Requirement (P2R) - reviewed annually
SSM
O-SII buffer²
Capital Conservation Buffer (CCB)
Countercyclical buffer (CCyB)
Ireland (c.60% of RWA)
UK (c.30% of RWA)
US and other (c.10% of RWA)
Systemic Risk Buffer - Ireland
Pro forma Minimum CET1 Regulatory Requirements
CRD
2.5%
2.25% 2.25% 2.25%
1.25% 1.875%
2.25% 2.25%
2.5%
2.5% 2.5%
CBI
0% - 2.50%
0.6%
0.6% 0.6%
FPC (UK)
0% - 2.50%
0.3%
0.3%
0.3% 0.3%
Fed/Various
0% - 2.50%
CBI
0% - 2.00%
0.5%
1%
1.5%
Minister for Finance
0% - 3.00%
N/A
8.0%
N/A
8.925%
N/A
N/A
N/A
10.65% 11.15% 11.65%
Pillar 2 Guidance (P2G) - reviewed annually
Not disclosed in line with regulatory preference
Capital Guidance
• The Group expects to maintain a CET1 ratio in excess of 13% on a regulatory basis and on a fully loaded basis by the end of the O-SII
phase-in period² in July 2021. This includes meeting applicable regulatory capital requirements plus an appropriate management buffer
Regulatory Capital Requirements
• A minimum CET1 ratio of 8.625% on a regulatory basis from 1 Jan 2018, includes:
A Pillar 1 requirement of 4.5%, a Pillar 2 requirement (P2R) of 2.25% and a capital conservation buffer for 2018 of 1.875%
• The FPC (UK) has set the UK CCYB at 0.5% from June 2018 and 1% from November 2018
•
The CBI (ROI) announced its intention to increase the CCyB in Ireland from 0% to 1.0%, effective from 5 July 2019
• The Systemic Risk Buffer under Article 133 CRD IV is currently not implemented in Irish law but may be introduced at the discretion of
the Minister for Finance
• Pillar 2 Guidance (P2G) is not disclosed in accordance with regulatory preference
Bank of Ireland Group
¹CCyB could be set in excess of 2.50% in exceptional circumstances. A change in the CCYB could also be implemented in less than
12 months in exceptional circumstances
The Other Systemically Important Institution (O-SII) buffer will be introduced at 0.5% in July 2019, increasing to 1.0% in July 2020
and 1.5% in July 2021
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