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.
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