To have served the Bank until retirement is not a simple matter. We all know that you started service in this Bank when you were many but some of your colleagues fell by the wayside. It is for this reason that we who are still in the Bank, look at you with admiration and gratitude for a job well done.
Therefore, national authorities have increased the combined buffer requirements, which include five different buffer types.8 First, the capital conservation buffer of 2.5% is applied to all banks to maintain capital in the banking system.9 Second, to mitigate the “too-big-to-fail” problem, the buffer for global systemically important institutions is currently applied, in the range of 1-2%, to eight globally important banks in France, Germany, Italy, the Netherlands and Spain.