Sumitomo Mitsui Financial Group 2021 Financial Overview
Application of Basel III
Capital requirements
Basel II
Transition
Fully implemented
Bucket 5 (3.5%)
Bucket 1 (1.0%)
Additional loss absorbency
requirement for G-SIBS
(Common Equity Tier1 capital)
10.5%
10.5%
10.5%
10.5%
10.5%
8.0%
2.0%
2.0%
2.0%
2.0%
2.0%
1.5%
1.5%
1.5%
1.5%
1.5%
Tier 2
2.5%
2.5%
2.5%
2.5%
2.5%
Additional Tier 1
â– Capital conservation buffer*1
4.5%
4.5%
4.5%
4.5%
4.5%
Minimum common equity Tier 1 ratio
Mar.12
Mar. 19
Mar.20
Mar.21
Mar.22
Mar.23
Phase-in of deductions"2
100%
100%
100%
100%
100%
Grandfathering of capital instruments
30%
20%
10%
2023
2024
2025
2026
2027
2028
Revised standardized approach and internal ratings-based framework for credit
RWA*3
Revised credit valuation adjustment (CVA) framework
Revised operational risk framework
Output floor
Implementation
50%
55%
60%
65%
70%
72.5%
Leverage ratio and liquidity rules
2019
2020
Leverage ratio
Implementation
Revised Leverage ratio*3, 4
LCR
100%
NSFR
2021
2022
2023
Implementation
Implementation
*1 Countercyclical buffer (CCyB) omitted
*2 Intangible fixed assets, deferred tax assets and investment of unconsolidated financial institutions, etc.
*3 GHOS, the higher committee of the Basel announced that it will postpone the implementation of unimplemented
Basel III standards in Mar. 20 (2022 to 2023) *4 Revised exposure definition and G-SIB buffer
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