NBB published a Royal Decree approving the regulation on additional own funds requirements for macro-prudential risk with regard to exposures covered by residential real estate in Belgium. The regulation has been introduced in line with Article 458 of the Capital Requirements Regulation or CRR (575/2013), which allows competent authorities to impose stricter measures to take account of changes in the intensity of macro-prudential risk and, in particular, to cope with additional risks in the residential real estate sector. The regulation states that, for property covered exposures to retail clients, the risk-weight for exposures calculated in accordance with Article 154 of the CRR has been increased. The regulation shall be in force from May 01, 2020 to April 30, 2021.
Related Link: Royal Decree (PDF in Dutch)
Effective Date: May 01, 2020
Keywords: Europe, Belgium, Banking, CRR, Systemic Risk, Macro-prudential Policy, Residential Real Estate, Regulatory Capital, EBA, NBB
Across 35 years in banking, Blake has gained deep insights into the inner working of this sector. Over the last two decades, Blake has been an Operating Committee member, leading teams and executing strategies in Credit and Enterprise Risk as well as Line of Business. His focus over this time has been primarily Commercial/Corporate with particular emphasis on CRE. Blake has spent most of his career with large and mid-size banks. Blake joined Moody’s Analytics in 2021 after leading the transformation of the credit approval and reporting process at a $25 billion bank.
Previous ArticleESMA Responds to EC Consultation on Review of Benchmarks Regulation
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),
The Farm Credit Administration published, in the Federal Register, the final rule on implementation of the Current Expected Credit Losses (CECL) methodology for allowances
The U.S. Securities and Exchange Commission (SEC) looks set to intensify focus on crypto-assets and cyber risk and extended the comment period on the proposed rules to enhance and standardize climate-related disclosures for investors.
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility and issued an update on the operational preparedness for zero and negative market interest rates.
The Commission for the Financial Market (CMF) in Chile published capital adequacy ratios (as of February 2022, January 2022, and December 2021) for 17 banks and for the banking system.
The Prudential Regulation Authority (PRA) issued a statement on the European Banking Authority (EBA) guidelines on management of non-performing exposures (NPEs) and forborne exposures.
The European Banking Authority (EBA) updated the implementing technical standards that specify the data collection for the 2023 supervisory benchmarking exercise in relation to the internal approaches used in market risk, credit risk, and IFRS 9 accounting.
The European Insurance and Occupational Pensions Authority (EIOPA) published a feedback statement on the responses received to the consultation on blockchain and smart contracts in insurance.