Norway’s Financial Supervisory Authority has decided to raise Pareto Bank’s Pillar 2 capital requirement to 3.3 percent of the Pillar 1 calculation base, compared with 3.1 percent in the previous review in 2023.
The decision follows the authority’s updated assessment of the bank’s risks and capital needs, SREP, and takes effect on November 30 this year.
The requirement is in addition to the Pillar 1 capital requirements.
