Article 128

Path:
Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 4 > Section I > Article 128
Title:
Article 128
Description: 
Definitions
Main content: 
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.