Lea bank ASA: Decision on Pillar 2 Requirement and Capital Buffer
The Norwegian Financial Supervisory Authority (FSA) has in connection with an updated assessment of risk and capital needs in Lea bank ASA ("SREP") made a decision on the capital requirement in Pillar 2 and the expected capital buffer. The Pillar 2 requirement and the expected capital buffer are in addition to the capital requirements under Pillar 1. The FSA has decided that the Pillar 2 requirement for Lea bank ASA shall be reduced from 6.5 % to 5.1 % of the total risk exposure amount. 100 % of the requirement must be covered with Core Equity Tier 1 (CET1). The FSA also expects Lea