ESRB updated the overview of national macro-prudential and capital-based measures in the European Economic Area. The overview of national macro-prudential measures covers several measures, including capital buffers, reciprocation measures, borrower-based measures, and others. The capital-based measures list includes the combined capital buffer requirements of individual banks, including capital conservation buffer, countercyclical capital buffer, systemic risk buffer (SRB), and global and other systemically important buffers (G-SII and O-SII).
The combined buffer requirement is calculated according to Article 131 of the Capital Requirements Directive (CRD IV) but excludes mandatory or voluntary reciprocity of foreign macro-prudential measures according to recommendation ESRB/2015/2. It consists of common equity tier 1 (CET1) capital and comes in addition to a minimum requirement of 8% total capital (4.5% CET1 + 1.5% AT1 + 2% T2). Pillar 2 measures are not included. The minimum combined buffer requirement at country level corresponds to a bank not subject to any individual bank-level structural buffer (G-SII, O-SII, SRB). Additionally, ESRB periodically publishes an overview of the national capital-based measures and an overview of the national macro-prudential measures, which 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.
- Overview of Macro-Prudential Measures (XLSX)
- Overview of Capital-Based Measures (XLSX)
- Overview of Macro-Prudential Measures
Keywords: Europe, EU, Banking, Systemic Risk, Capital Based Measures, CRR/CRD, Macro-Prudential Measures, Regulatory Capital, Basel, ESRB
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