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.
- List of Macro-Prudential Measures (XLSX)
- Notifications on SIIs
- Notifications on Systemic Risk Buffer
- Notifications on Borrower-Based Measures
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
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.
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
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.
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.
The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
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.
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
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.
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.
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.