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    ESRB Notified About Macro-Prudential Measures in Certain Member States

    October 19, 2020

    The Bank of Slovenia, FIN-FSA, and MNB notified ECB and ESRB about the application of certain macro-prudential measures in their respective jurisdictions. Bank of Slovenia notified the EU authorities about amendment to the macro-prudential restrictions on household lending amid COVID-19 pandemic while FIN-FSA issued notification related to the loan-to-collateral ratio. In June 2020, FIN-FSA Board decided to adjust the loan-to-collateral ratio to the statutory standard level of 90%. In its notification, MNB announced restoration of the Foreign Exchange Funding Adequacy Ratio (FFAR) and the Foreign Exchange Coverage Ratio (FECR) requirements to their earlier state and modification of the Interbank Funding Ratio.

    Additionally, the Central Bank of Cyprus and Financial Market Authority (FMA) Liechtenstein notified EBA, ECB, and ESRB about their decisions on the identification of other systemically important institutions (O-SIIs) and setting of the O-SII buffers. Central Bank of Cyprus and Financial Market Authority Liechtenstein announced the list of identified O-SII institutions, their respective overall scores, and the respective buffer rates. The O-SII institutions identified by the Central Bank of Cyprus are Renaissance Securities (Cyprus) Ltd, BrokerCreditService (Cyprus) Ltd, SIB (Cyprus) Ltd, Etoro (Europe) Ltd, and Alfa Capital Holdings (Cyprus) Ltd. The O-SII institutions identified by the Financial Market Authority Liechtenstein are LGT Bank AG, Liechtensteinische Landesbank AG, and VP Bank AG.

     

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    Keywords: Europe, EU, Finland, Hungary, Slovenia, Cyprus, Banking, O-SII, Macro-Prudential Policy, Basel, Regulatory Capital, COVID-19, MNB, FIN-FSA, ECB, EBA, ESRB

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