Updated 05/02/2025
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Article 128 - Directive 2013/36/EU (CRD IV)

Article 128

Definitions

For the purpose of this Chapter, the following definitions shall apply:

(1)

capital conservation buffer‧ means the own funds that an institution is required to maintain in accordance with Article 129;

(2)

institution-specific countercyclical capital buffer‧ means the own funds that an institution is required to maintain in accordance with Article 130;

(3)

G-SII buffer‧ means the own funds that are required to be maintained in accordance with Article 131(4);

(4)

O-SII buffer‧ means the own funds that may be required to be maintained in accordance with Article 131(5);

(5)

systemic risk buffer‧ means the own funds that an institution is or may be required to maintain in accordance with Article 133;

(6)

combined buffer requirement‧ means the total Common Equity Tier 1 capital required to meet the requirement for the capital conservation buffer extended by the following, as applicable:

(a)

an institution-specific countercyclical capital buffer;

(b)

a G-SII buffer;

(c)

an O-SII buffer;

(d)

a systemic risk buffer;

(7)

countercyclical buffer rate‧ means the rate that institutions must apply in order to calculate their institution-specific countercyclical capital buffer, and that is set in accordance with Article 136, Article 137 or by a relevant third-country authority, as the case may be;

(8)

domestically authorised institution‧ means an institution that has been authorised in the Member State for which a particular designated authority is responsible for setting the countercyclical buffer rate;

(9)

buffer guide‧ means a benchmark buffer rate calculated in accordance with Article 135(1).

This Chapter shall not apply to investment firms that are not authorised to provide the investment services listed in points 3 and 6 of Section A of Annex I to Directive 2004/39/EC.