PFSA Resolution definition

PFSA Resolution means the resolution 258/2011 of the Polish Financial Supervision Authority on the detailed principles for the operation of the risk management system and the internal control system, and detailed conditions for estimating internal capital by banks and for reviewing the internal capital retention and estimation process and the principles for determining the policy of variable elements of the remuneration of persons holding managerial positions at banks;
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Examples of PFSA Resolution in a sentence

  • The Bank implemented the variable remuneration programme, addressed to:⮚ persons holding managerial positions having material impact on the Bank risk profile (to satisfy the requirements of PFSA Resolution No. 258/2011) and⮚ employees displaying special potential and skills (whereto a part of the programme related to the financial instrument granted is addressed).

  • The Programme is addressed to:➢ persons holding managerial positions having material impact on the Group risk profile (to satisfy the requirements of PFSA Resolution No. 258/2011) and➢ employees displaying special potential and skills.Benefits will be granted to the employees covered with the Programme, based on their performance appraisal for a given year.

  • Where the capital requirement for credit risk computed with the AIRB approach was lower than the capital requirement for credit risk computed under standard approach, it was necessary to supplement it up to the level of the capital requirement calculated according to the standard approach.Irrespective of the above mentioned consent, pursuant to PFSA Resolution no.

  • The Bank implemented the variable remuneration programme, addressed to: persons holding managerial positions having material impact on the Bank risk profile (to satisfy the requirements of PFSA Resolution No. 258/2011) and employees displaying special potential and skills (whereto a part of the programme related to the financial instrument granted is addressed).

  • At the same time, in accordance with the provisions of Article 94(2) of the Act on Macroprudential Supervision, the provisions of PFSA Resolution No. 386/2008 of 17 December 2008 with regard to long-term liquidity standards (i.e. M3 and M4) expired on that date.■ Starting from 30 June 2021, the Bank has made changes to comply with the revised Recommendation S of the Polish Financial Supervision Authority.

  • The total capital ratio (solvency ratio previously) as at 31 December 2014 and 30 September 2014 was calculated under the CRR guidelines.The ratios presented for the previous periods were calculated under the laws effective by the 2013 year end and provided for in PFSA Resolution No. 76/2010 on the Scope and Detailed Principles of Capital Requirement Determination for Individual Risk Types of 10 March 2010.

  • SENSITIVITY MEASURE30.06.202131.12.2020 Excess liquidity in the horizon of up to 1 month2,895,1523,829,808The Bank monitors all liquidity standards specified in the PFSA Resolution 386/2008 dated 17 December 2008.

  • Fixed remuneration is as large a part of the total remuneration as needed to ensure that a fully flexible variable remuneration policy is pursued, including but not limited to allowing to apply reduction or not to award the variable remuneration at all.Under PFSA Resolution 258/2011, the variable remuneration is deferred and at least 50% thereof is paid in phantom shares entitling to cash conditional on the price of ING Bank Śląski S.A. shares.

  • The Programme is addressed to:⮚ persons holding managerial positions having material impact on the Bank risk profile (to satisfy the requirements of PFSA Resolution No. 258/2011) and⮚ employees displaying special potential and skills (part involving the grant of a financial instrument).

  • Wendin Affidavit.• Wendin discussed work-related topics with Eastwood and Wolfensberger at the Accenture social center and at the Cadillac Ranch.

Related to PFSA Resolution

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • Resolution shall have the meaning specified in Section 8(E).

  • UK Resolution Authority means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

  • EEA Resolution Authority means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.