Regulatory Alerts2023-10-01
Added · Updated
2023 Q4 Quarterly Decision on Countercyclical Buffer Rate
The National Bank of Belgium sets the countercyclical capital buffer rate for exposures in Belgium at 1.0% effective 1 October 2024. This decision reactivates the buffer, which had been maintained at 0% during periods of high uncertainty, to heighten the banking sector's resilience against potentially higher-than-expected losses. The rate increase is implemented in stages, starting at 0.5% on 1 April 2024, based on an assessment of credit cycles and macroprudential indicators.
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