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    ESRB Updates List of Macro-Prudential Measures in February 2021

    February 22, 2021

    ESRB updated the list of national macro-prudential measures applied by each member state in the European Economic Area. One of the updates on the national macro-prudential measures involves the Debt-Service-to-Income (DSTI) measure in France, which became effective on January 28, 2021. Additionally, ESRB separately published notifications regarding other systemically important institutions (O-SIIs) from the respective regulatory authorities in Austria, Belgium, Bulgaria, Croatia, Czech Republic, Estonia, France, Germany, Greece, Hungary, Italy, Ireland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Portugal, Poland, Spain, Sweden, and UK. ESRB also published notifications regarding global systemically important institutions (G-SIIs) from the respective regulatory authorities in France, Germany, Italy, the Netherlands, Spain, and UK.

    The overview of national macro-prudential measures covers several measures, including capital buffers, reciprocation measures, and borrower-based measures. The capital buffers are capital conservation buffer, countercyclical capital buffer. systemic risk buffer, and G-SII and O-SII buffers. The borrower-based measures are DSTI, loan-to-income ratio, loan-to-value ratio, debt-to-income ratio, and loan maturity. The ESRB overview of the national macro-prudential measures includes all types of current and past measures. National authorities are required to notify ESRB about their macro-prudential measures in accordance with the Capital Requirements Directive (CRD IV), the Capital Requirements Regulation (CRR), and various ESRB recommendations. 

     

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    Keywords: Europe, EU, Banking, Macro-Prudential Measures, Borrower-Based Measures, Systemic Risk, Regulatory Capital, Basel, CRR/CRD, DSTI, RRE, ESRB

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