Financial Supervision Authority Maintains Pillar 2 Capital Standards for Bigbank AS
December 4, 2024 - 15:05
In December 2024, the Financial Supervision Authority (FSA) conducted its annual Supervisory Review and Evaluation Process (SREP) for Bigbank AS, resulting in a decision to keep the Pillar 2 capital requirements stable. The FSA's assessment confirmed that Bigbank AS would continue to be subject to a requirement for own funds (P2R) set at 3.2% of the total risk exposure amount (TREA) on a consolidated basis.
This determination reflects the FSA's ongoing commitment to ensuring the financial stability of significant banking institutions while taking into account the broader economic environment. By maintaining the existing capital requirements, the FSA aims to bolster the resilience of Bigbank AS against potential financial shocks.
The decision underscores the authority's confidence in Bigbank AS's current capital position and risk management practices. Stakeholders can expect the bank to continue operating under these established guidelines as it moves into 2025 and beyond.
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