ESRB Announces Updates on Macro-Prudential Measures in March 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.
Related Links
- List of Macro-Prudential Measures (XLSX)
- Poland Notification (PDF)
- Bank of Slovenia Notification (PDF)
- Overview of Macro-Prudential Measures
Keywords: Europe, EU, Poland, Slovenia, Banking, Macro-Prudential Measures, Borrower Based Measures, Systemic Risk, Regulatory Capital, Basel, Credit Risk, ESRB
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Blake Coules
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 Article
EC Revises Standards on Methodology for G-SII IdentificationRelated Articles
EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
EP Reaches Agreement on Corporate Sustainability Reporting Directive
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
PRA Consults on Model Risk Management Principles for Banks
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
EC Regulation Amends Standards for Calculating Credit Risk Adjustments
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
BIS Hub Updates Work Program for 2022, Announces New Projects
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
EIOPA Issues Cyber Underwriting Proposal, Statement on Open Insurance
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
EIOPA Consults on Review of Securitization Framework in Solvency II
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
UK Authorities Issue Regulatory and Reporting Updates for Banks
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
BCBS Issues Climate Risk Principles while HKMA Expresses Its Support
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.