Bank of Ireland H1 2020 Credit Presentation
Regulatory Capital Requirements
Bank of Ireland H1 2020 Credit Presentation
Pro forma CET1 Regulatory Capital Requirements
2019
2020
2021
Pillar 1 CET1
4.50%
4.50%
4.50%
Pillar 2 Requirement (P2R)
2.25%
1.27%
1.27%
Capital Conservation Buffer (CCB)
2.50%
2.50%
2.50%
ROI Countercyclical buffer (CCyB)
UK Countercyclical buffer (CCYB)
O-SII Buffer (phase in July each year)
Systemic Risk Buffer - Ireland
Pro forma Minimum CET1 Regulatory Requirements
Pillar 2 Guidance (P2G)
0.60%
0.00%
0.00%
0.30%
0.00%
0.00%
0.50%
1.00%
1.50%
10.65%
9.27%
9.77%
Not disclosed in line with regulatory preference
Regulatory Capital Requirements
The Group's 2020 regulatory CET1 requirement, excluding P2G, has reduced by 218bps, from 11.45% to 9.27%:
-
Pillar 2 Requirement (P2R): ECB announced change in composition of P2R of 2.25%, which reduced the Group's CET1
P2R by 98bps to 1.27%
Countercyclical Buffer (CCYB): the Financial Policy Committee UK (FPC) and the Central Bank of Ireland reduced the
UK and ROI CCуB rates to 0% until at least Q1 2022, which reduced the Group's CCyB by c.120bps
CET1 headroom of c.560bps to Dec 2020 regulatory capital requirements of 9.27%
Regulatory total capital ratio of 18.7% provides headroom of c.495bps above total capital requirement of 13.75%
pending further AT1 / Tier 2 issuance to meet increased Tier 1 / Tier 2 requirements following P2R composition change
Bank of Ireland
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