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PIB 3.9A.2

An Authorised Firm must maintain a Countercyclical Capital Buffer of CET1 Capital that is calculated using the formula:

CCyB = CCyB Rate x RWA

where:

(a) "CCyB" is the Countercyclical Capital Buffer that the Authorised Firm must maintain;
(b) "CCyB Rate" is the weighted average of Countercyclical Capital Buffer Rates, calculated in accordance with Rule 3.9A.5, that apply in jurisdictions in which the Authorised Firm has Non-Financial Private Sector Credit Exposures; and
(c) "RWA" is the value of the Authorised Firm's Risk Weighted Assets.
Derived from DFSA RM209/2017 (Made 25th October 2017). [VER30/01-18]