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    ESRB Issues Updates on National Macro-Prudential Measures

    March 22, 2022

    The European Systemic Risk Board (ESRB) updated the list of and notifications on national macro-prudential measures applied by member states in the European Economic Area.

    ESRB separately published notifications about certain macro-prudential requirements for other systemically important institutions (O-SIIs) from the respective regulatory authorities in Austria, Croatia, Cyprus, Greece, Latvia, Luxembourg, Malta, Poland, and Sweden. Also published were the notifications about certain macro-prudential requirements for global systemically important institutions (G-SIIs) from the respective regulatory authorities in Italy, the Netherlands, and Spain. Finally, ESRB published notifications on systemic risk buffers set by the respective regulatory authorities in Bulgaria, Estonia, and Lithuania, along with the notifications on other borrower-based measures from regulatory authorities in Czech Republic and Latvia.

    Overall, the national macro-prudential measures include 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 Debt-Service-to-Income (DSTI) measure, loan-to-income ratio, loan-to-value ratio, debt-to-income ratio, and loan maturity. The 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, Systemic Risk, Regulatory Capital, Basel, CRR, CRD, O-SII, G-SII, Macro-Prudential Policy, Borrower-Based Measures, ESRB

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