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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Laws
Rulebook Modules
Prudential — Investment, Insurance Intermediation and Banking Module (PIB) [VER33/02-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Notices
Financial Markets Tribunal
Archive

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  • Global Systemically Important Banks (G-SIBs)

    • PIB 1.4.1

      The DFSAG will designate an Authorised FirmG as a G-SIB if:

      (a) it is a Domestic FirmG in Category 1 or 5;
      (b) it is a member of a GroupG that is included on the list of global systemically important banks published by the Financial Stability BoardG ; and
      (c) the DFSAG is the overall consolidated supervisor of that GroupG .
      Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

    • PIB 1.4.2

      The DFSAG may designate an Authorised FirmG as a G-SIB if:

      (a) the conditions in paragraphs (a) and (b) of Rule 1.4.1 are met in relation to the Authorised FirmG ; and
      (b) the DFSAG is not the overall consolidated supervisor of the GroupG but it considers that it is appropriate to treat the Authorised FirmG as a G-SIB.
      Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]

      • PIB 1.4.2 Guidance

        1. The Financial Stability BoardG (FSB), in consultation with the Basel CommitteeG , identifies and periodically publishes a list of global systemically important banks.
        2. If the DFSA is the consolidated supervisor of a GroupG included on the FSB list of global systemically important banks, it will designate an Authorised FirmG in the GroupG that is a bank as a G-SIB (see Rule 1.4.1).
        3. If an Authorised FirmG that is a bank is part of a GroupG included on the FSB list, but the DFSAG is not the consolidated supervisor of that Group, the DFSAG may designate that Authorised FirmG as a G-SIB if it considers it is appropriate to do so in all the circumstances (see Rule 1.4.2). If the DFSAG proposes to designate an Authorised FirmG as a G-SIB where it is not the consolidated supervisor of the relevant GroupG , it will normally consult first with the consolidated supervisor to ensure that the supervisors are taking a co-ordinated approach.
        4. A G-SIB, in addition to being subject to more intensive supervision, must maintain an extra capital buffer (the HLA Capital Buffer) under PIB section 3.9B. At the consolidated GroupG level, a G-SIB also has to publish quantitative indicators relating to its systemic importance (see PIB Rule 11.1.3 and App 11 Table 15) and carry out recovery and resolution planning.
        Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]