CENTRAL BANK OF THE U.A.E.
| Notice No :CBUAE/FSD/2024/ 1265 Date : 10-Dec 2024 To : All Banks operating in the UAE Subject : Countercyclical Capital Buffer on Credit Exposures in the UAE After greetings, Please be advised that the Central Bank of the UAE (CBUAE)'s Board of Directors has decided to increase the countercyclical capital buffer (CCyB) requirement to 0.50% on the private sector credit exposures in the UAE. The phase-in period for the requirement will be 12 months, beginning on 1 January 2025, with the CCyB rate of 0.50% becoming effective on 1 January 2026. Pursuant to Art. 6 of the 'Regulations re Capital Adequacy', (Circular No. 52/2017), the CCyB requirements must be met solely by Common Equity Tier 1 capital. The CBUAE is applying the 0.50% rate in the context of a neutral risk environment when cyclical systemic risks are neither particularly high nor particularly low, a concept referred to as the positive cycle-neutral countercyclical capital buffer. | إشعار رقم : CBUAE/FSD/2024/ 1265 التاريخ : 10-Dec 2024 إلى : جميع البنوك العاملة في دولة الإمارات العربية المتحدة الموضوع : م... |