希腊：金融部门评估计划关于次要机构监管和监督的技术说明

IMF CountryReport No.26/142 GREECE FINANCIALSECTOR ASSESSMENT PROGRAM June2026 TECHNICAL NOTE ONREGULATION AND ThisTechnical Note onRegulation and Supervision of Less Significant Institutionsfor theGreeceFSAPwas prepared by a staff team of the International Monetary Fund as Copies of this report are available to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.org Web:http://www.imf.orgPrice: $18.00per printed copy International Monetary Fund GREECE FINANCIAL SECTORASSESSMENTPROGRAM May 21,2026 TECHNICAL NOTE REGULATION AND SUPERVISION OF LESS SIGNIFICANT This Technical Note was prepared by IMF staff in thecontext of the Financial Sector Assessment PrograminGreece. It contains technical analysis and detailedinformation underpinning the FSAP’s findings andrecommendations.Further information on the FSAP PreparedByMonetary and Capital MarketsDepartment GREECE CONTENTS Glossary_____________________________________________________________________________________________3 SCOPE____________________________________________________________________________________________8 BANKINGSECTORINGREECE__________________________________________________________________9 A. Market Structure_________________________________________________________________________________9B. RisksandChallenges____________________________________________________________________________11 BANKINGSUPERVISIONINGREECE___________________________________________________________13 A. Introduction_____________________________________________________________________________________13B. SupervisoryIndependence,Powers,andResources______________________________________________14C. OrganizationofSupervision_____________________________________________________________________16D. SupervisoryCooperation________________________________________________________________________17 E. SupervisoryProcess______________________________________________________________________________17F. SupervisionofRiskManagementandGovernance______________________________________________19G. Change of Control and Significant Acquisitions_________________________________________________20 H. Supervision of Core Financial Risks______________________________________________________________22I. SupervisionofLiquidityRisk______________________________________________________________________26 FIGURES 1. Credit to Private Sector_______________________________________________________________________122. Residential Prices and Valuation______________________________________________________________12 TABLES 1. Main Recommendations_______________________________________________________________________72. List of LSIs_____________________________________________________________________________________103. Profitability Indicators_________________________________________________________________________10 APPENDICES I. Overview of the SSM Supervisory Review Process_____________________________________________28II. Deferred Tax Credits__________________________________________________________________________30III. Hellenic Asset Protection Schemes (HAPS)___________________________________________________32 Glossary AMLAnti-Money LaunderingBCBSBaselCommitteeforBankingSupervisionBCPBasel Core Principles for Effective Banking SupervisionCET1Common Equity Tier 1CRDCapitalRequirementsDirectiveCRRCapitalRequirementsRegulationDORADigital Operational Resilience ActDTADeferred Tax AssetsDTCDeferred Tax CreditsDSTIDebtServiceto incomeEAEuro AreaEBAEuropean Banking AuthorityECBEuropeanCentralBankECLExpectedCreditLossesESFSEuropean System of Financial SupervisorsESRBEuropeanSystemicRiskBoardEUEuropeanUnion GREECE NSFRNet Stable Funding Ratio P2RPillar2RequirementP2GPillar2GuidancePPPPeriodic Penalty PaymentsRASRiskAssessmentSystem EXECUTIVESUMMARY Supervision of less significant institutions (LSIs) is effective in Greece.The Bank of Greece(BoG) approach to LSI supervision is thorough, systematic and intrusive. The core of the supervisoryapproach is the SupervisoryReviewandEvaluationProcess (SREP), anEUframework that BoG useswith adaptations for Greece, its local risks and environment. The process is transparent internallyand to the LSIs themselves, with risks clearly identified and reflected in both supervisory actions andPillar 2 capital add-ons. BoG benefits from robust independence and an ability to attract and retainstaff with the desired skills and experience,as illustrated during the last recruitment process, and BoG would benefit fromarticulating arisk tolerance framework for the supervision ofLSIs. Currently, there is no internal or external explanation of BoG’s tolerance to risk in the supervision ofLSIs. This could lead to a lack of clarity internally as to how far its supervisory actions should aim toreduce or eliminate risk and there is meritin