NOFI just announced a 5.8% Pillar 2 requirement, up from 4.2%
FSA expects a 1% mgmt buffer, down from 3% previously
In effect this means a 40bps reduced requirement despite higher Pillar 2
We see this as neutral vs our expectation, but uncertainty removed
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NOFI receives new Pillar 2 requirement
- Published:
30 Jan 2020 -
Author:
Roy Tilley -
Pages:
6
NOFI just announced a 5.8% Pillar 2 requirement, up from 4.2%
FSA expects a 1% mgmt buffer, down from 3% previously
In effect this means a 40bps reduced requirement despite higher Pillar 2
We see this as neutral vs our expectation, but uncertainty removed