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    ESRB Announces Updates on Macro-Prudential Measures in March 2021

    March 29, 2021

    ESRB updated the list of national macro-prudential measures applied by each member state in the European Economic Area. These national macro-prudential measures include capital conservation buffer, countercyclical capital buffer, systemic risk buffer, and global and other systemically important (G-SII and O-SII) buffers, reciprocation measures, and borrower-based measures. Also published was a notification from the Minister of Finance of Poland, to ECB and ESRB, about the decision to reduce risk-weights from 100% to 50% for exposures secured by mortgages on commercial immovable property. The 100% risk-weight still applies for other commercial properties. The regulation on this decision entered into force on October 16, 2020. In another development, the Bank of Slovenia notified EBA, ECB, and ESRB about its decision on the identification of O-SIIs and the activation of O-SII buffers.

    The institutions that are designated as O-SIIs in Slovenia include NLB, NKBM, SID, SKB, Unicredit, and Intesa Sanpaolo. Banks were obliged to implement the buffer requirement from January 01, 2019 onward. Due to the increase in capital buffer requirement following the 2018 assessment, SID bank has been obliged to implement the increased buffer requirement gradually, from January 01, 2020 onward (0.25% from January 01, 2019 and 0.50% from January 01, 2020). Intesa Sanpaolo will be obliged to implement the buffer requirement from January 01, 2021 onward. Following the 2020 assessment, the requirement for the SID was reduced to 0.25% whereas the requirement for NKBM was increased to 0.50%. NKBM is obliged to build the buffer from January 01, 2022 onward.

     

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    Keywords: Europe, EU, Poland, Slovenia, Banking, Macro-Prudential Measures, Borrower Based Measures, Systemic Risk, Regulatory Capital, Basel, Credit Risk, ESRB

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