The improvement of the loss-absorbing capacity of systemically important institutions is a preventive macroprudential tool aimed at limiting contagion that might arise from insolvency or stress situations in general for systemically important institutions.
As from 2016, other systemically important institutions buffer (O-SII) is applied to all banks that have been identified as significant or systemically important due to their size, interconnectedness or noticeable cross-border activities. The current level of this requirement is 2% for 6 banks and 0.2% for 3 banks.
In addition, the CNB uses the globally systemically important institutions buffer (G-SII), which is applied to those financial institutions that have been identified according to the G-SIFI criteria agreed among the G20 members. There are no globally systemically important institutions in Croatia. However, some parent banks, owning the capital in Croatian banks, have that status.
- The procedure for identifying other systemically important credit institutions and capital buffer requirements for other systemically important credit institutions (15.1.2016.)
 Globally Systemically Important Financial Institutiton