Sumitomo Mitsui Financial Group 2021 Financial Overview
Safeguards before incurring losses at PoNV
- capital requirement-based corrective measures
We will be required to meet various capital requirements before reaching a point of non-viability ("PoNV")
SMFG
CET1 ratio
Capital requirement
15.92%*1
(excl. OCI:
12.7%)
8%
7%
CET1 ratio
(Basel III
5.125%
fully-loaded
basis)
4.5%
*1: as of Sep. 21
0%.
Actions
G-SIB buffer
[Backet 1] (1.0%)
Capital conservation
buffer (2.5%)
Capital remediation plan to be required
Capital distribution to be limited (including
dividend on and buy-back / redemption of
common equity and AT1 instruments)
CET1 can be generated by write-down
of AT1 instruments
Pre-determined
recovery plan to
be implemented
at certain
trigger level
Minimum CET1
requirement
(4.5%)
Prompt corrective action to be implemented
PONV - suspension of payment or having negative net worth
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