Pillar 1 definition

Pillar 1 means the framework set out in the Banking (Capital) Rules for calculating the BCR minimum CAR that an AI should maintain in respect of credit, market and operational risks;
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Pillar 1 macroeconomic factors used in 2020 Belfius’ neutral scenario incudes an important recession for 2020, however, expectations have been revised to mitigate recession figures in the course of the year on the basis of macro-economic figures (Belgian GDP: -8% in the fourth quarter vs -10,6% in the second quarter). This recession is expected to be followed by a partial rebound in 2021 and 2022 (Belgian GDP: +3.9% in 2021 and +3.3% in 2022) enabled by the vaccination campaign and assuming that no new major lockdown effect are to be expected. In terms of unemployment, the neutral scenario implies an unemployment increase from 5.4% in 2019 to 9.2% in 2020. An improvement to 7.4% in 2021 is forecasted. The 2020 unemployment figure includes the exceptional temporary unemployment observed that is expected to be, to a certain extent, converted into structural un- employment. The neutral case is completed with an optimistic, a pessimistic and a stress scenario. The table (below) illustrates the Belgian GDP Growth assumptions, as of the fourth quarter of 2020, under the four scenarios. Please note, that for the credit provisioning as of end 2019 other, pre-COVID-19 assumptions were used.
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Pillar 1 means the higher of the K-factor requirement and the fixed overhead requirement per MIFIDPRU 4.3
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Examples of Pillar 1 in a sentence

  • Towards this, bank has evolved a well laid down Internal Capital Adequacy Assessment Process (I-CAAP) policy framework and carries out capital calculation under Pillar-II besides Pillar 1 Capital calculation.

  • Pillar 1 sets out the definition and calculations of the RWAs, and the derivation of the regulatory capital base.

  • Capital requirements and buffers for UniCredit Group as of 31 March 2020 (rounded figures): 9.08 per cent CET1 ratio (4.50 per cent CET1 Pillar 1 minimum + 0.98 per cent Pillar 2 requirement (as 56.25 per cent of P2R applicable in 2020: 1.75 per cent)+ 3.60 per cent combined buffer requirement, including CRD5 art.

  • Pillar 1 prescribes the basis for the calculation of the regulatory capital adequacy ratio.

  • The supervisory review and evaluation process is designed to ensure that institutions identify their material risks and allocate adequate capital, and employ sufficient management processes to support such risks.The supervisory review and evaluation process also encourages institutions to develop and apply enhanced risk management techniques for the measurement and monitoring of risks in addition to the credit, market and operational risks addressed in the core Pillar 1 framework.

  • Other risk types which are not covered by the minimum capital requirements in Pillar 1 include liquidity risk, interest rate risk in the banking book, business risk and concentration risk.

  • The Bank also considers additional risk types other than those considered under Pillar 1 as part of its ICAAP.

  • Equity investments included in investment securities in the consolidated balance sheet are included in the equities standard portfolio in the Pillar 1 credit risk capital adequacy framework.

  • This section sets out the consolidation principles and the capital base of GIB as calculated in accordance with the Pillar 1 guidelines, and describes the principles and policies applied in the management and control of risk and capital.

  • However, as a good governance practice, and as directed by its Board, the Bank separately computes capital charge for all the Pillar 1 risks viz.


More Definitions of Pillar 1

Pillar 1. With a view to further expediting the movement, release and clearance of goods, clarify and improve relevant aspects of:  GATT Article V: Freedom of Transit;  GATT Article VIII: Fees and Formalities connected with Importation and Exportation  GATT Article X: prompt publication of trade laws and regulations and their uniform, impartial and reasonable administration  Pillar 2: Enhancing technical assistance and support for capacity building in this area for developing countries and LDCs  Pillar 3: Cooperation between customs or any other appropriate authorities on trade facilitation and customs compliance issues. TF negotiations in brief  NGTF constituted in Oct 2004  Members tabled about 80 proposals – about 40 selected  First Draft Consolidated Negotiating Text issued in Dec 2009  Negotiations accelerated Dec 2010 onwards  Member-driven process mostly in facilitator-led meetings  In Dec 2013, Members endorsed a TF Agreement at Bali  The Agreement is yet to attain finality ... It is subject to legal review Part B: Trade Facilitation Agreement Structure of Trade Facilitation Agreement  Preamble:  Refers to DMD, HKMD and July 2004 Framework Agreement and reiterates the three pillars of the negotiating mandate  Section I:  About 35 substantive disciplines on Trade Facilitation (Articles 1-11)  One Article on Customs Cooperation (Article 12)  One Article on Institutional Arrangements (Article 13)  Section II:  Implementation flexibilities  External support and assistance for developing countries and LDCs for implementing the Agreement  Final Provisions:  Implementation matters such as binding nature of the Agreement; interaction with other Agreements; applicability of DSU etc.
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Pillar 1. Digital skills & human capital qualifications Following the aforementioned methodological approach, Pillar 1’s initiatives seek to digitally upskill and reskill all the current workforce of the Greek industry, mainly focusing on professionals with technical skills. This is pursued through developing targeted training programmes based on the technologies to be adopted and already utilised by the Greek industry. It also includes dedicated initiatives for attracting and developing the future talent pipeline for the Greek Industry. This could be achieved by initiatives targeted at better equipping ICT and STEM students with the necessary skillsets to work in the Industry 4.0 environment, by enhancing the collaboration between the Greek academia and the Greek Industry, by enriching the education syllabus of the VET bodies to better match with industry needs and by increasing the attractiveness of the Greek Industry as a career destination for top talent. Finally, it focuses on the repatriation of Greek human capital and the attraction of international human capital. This is pursued mainly through the design of targeted fellowship programmes for international PhD students/ researchers and Greek PhD students/ researchers working on Industry 4.0 technologies or Industry 4.0 value chains.
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Related to Pillar 1

  • PNode has the meaning set forth in the CAISO Tariff.

  • Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.

  • Web spray adhesive means any aerosol adhesive that is not a mist spray or special purpose spray adhesive.

  • Scalping means the situation where the Client opens too many positions in CFDs at the same time and closes them for less than five minutes or buying at Bid price and selling at Ask price, so as to gain the Bid/Ask difference.

  • Dynamic driving task means the same as that term is defined in Section 41-26-102.1.

  • Mist spray adhesive means any aerosol which is not a special purpose spray adhesive and which delivers a particle or mist spray, resulting in the formation of fine, discrete particles that yield a generally uniform and smooth application of adhesive to the substrate.

  • Backsiphonage means the flow of water or other liquids, mixtures or substances into the potable water system from any source other than its intended source, caused by the reduction of pressure in the potable water system.

  • Dusting aid means a product designed or labeled to assist in removing dust and other soils from floors and other surfaces without leaving a wax or silicone based coating. “Dusting Aid” does not include “Pressurized Gas Duster.”

  • Switchover means transfer of units of one scheme of UTI MF to another scheme of UTI MF wherever permissible.

  • Automotive windshield washer fluid means any liquid designed for use in a motor vehicle windshield washer system either as an antifreeze or for the purpose of cleaning, washing, or wetting the windshield. Automotive windshield washer fluid does not include fluids placed by the manufacturer in a new vehicle.

  • Touch-up coating means a coating used to cover minor coating imperfections appearing after the main coating operation.

  • Dike means an embankment or ridge of either natural or man-made materials used to prevent the movement of liquids, sludges, solids, or other materials.

  • Connector means a flanged, screwed, welded, or other joined fitting used to connect two pipelines or a pipeline and a piece of process equipment.

  • Cyanoacrylate adhesive means any adhesive with a cyanoacrylate content of at least 95% by weight.

  • Vector means a carrier that is capable of transmitting a pathogen from one organism to another including, but not limited to, flies and other insects, rodents, birds, and vermin.

  • JetBrains or “We” means JetBrains s.r.o., having its principal place of business at Xx Xxxxxxxxx XX 0000/00, Xxxxxx, 00000, Xxxxx Xxxxxxxx, registered in the Commercial Register maintained by the Xxxxxxxxx Xxxxx xx Xxxxxx, Xxxxxxx X, Xxxx 00000, ID. No.: 265 02 275.

  • Stack means any point in a source designed to emit solids, liquids, or gases into the air, including a pipe or duct but not including flares.

  • Integrated pest management means careful consideration of all available plant protection methods and subsequent integration of appropriate measures that discourage the development of populations of harmful organisms and keep the use of plant protection products and other forms of intervention to levels that are economically and ecologically justified and reduce or minimise risks to human health and the environment. ‘Integrated pest management’ emphasises the growth of a healthy crop with the least possible disruption to agro-ecosystems and encourages natural pest control mechanisms;

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Certified cabinet x-ray system means an x-ray system that has been certified in accordance with 21 CFR 1010.2 as being manufactured and assembled pursuant to the provisions of 21 CFR 1020.40.

  • Medical cannabis card means the same as that term is defined in Section 26-61a-102.

  • Clone means a non-flowering plant cut from a mother plant that is capable of developing into a new plant and has shown no signs of flowering.

  • Enamel means a coat of colored material, usually opaque, that is applied as a protective topcoat over a basecoat, primer, or a previously applied enamel coat. In some cases, another finishing material may be applied as a topcoat over the enamel.

  • coronavirus means severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2);

  • Mounting adhesive means an aerosol adhesive designed to permanently mount photographs, artwork, and any other drawn or printed media to a backing (paper, board, cloth, etc.) without causing discoloration to the artwork.

  • NBOME means the National Board of Osteopathic Medical Examiners, an organization that prepares and administers qualifying examinations for osteopathic physicians.