2015-12-16

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Decision of the European Systemic Risk Board on a coordination framework for the notification of national macroprudential policy measures

The European Systemic Risk Board establishes a common procedural framework for the notification of national macroprudential policy measures, the issuing of opinions and recommendations, and the assessment of cross-border effects. This Decision repeals Decision ESRB/2014/2 and extends the mandate of the Assessment Team to cover three specific tasks: assessing the appropriateness of measures, evaluating reciprocation requests, and ensuring coherence for countercyclical capital buffer rates. It sets strict timelines for these processes, requiring the ESRB to deliver opinions or recommendations within one month of notification and to aim for amendments to reciprocity recommendations within three months. The framework also defines publication rules and allows for non-disclosure of specific measures or opinions if required for financial stability reasons.

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Show all related documents (12)
Supersedes
Decision on coordination framework for notification of national macro-prudential measures and ESRB opinions2014
Amended by
Decision of the European Systemic Risk Board of 6 August 2021 amending Decision ESRB/2015/4 on macroprudential policy coordination2021
Amends
Recommendation No. ESRB/2015/2 of 2015not in RegAlert
Issued under
Decision of the European Systemic Risk Board on the assessment of materiality of third countries for countercyclical buffer rates2015Recommendation on recognising and setting countercyclical buffer rates for exposures to third countries2015Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC Text with EEA relevance2013Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 Text with EEA relevance2013Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board2010
Basis for
Recommendation of the European Systemic Risk Board of 16 July 2018 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2018/5)2018Recommendation of the European Systemic Risk Board of 8 January 2018 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2018/1)2018Recommendation of the European Systemic Risk Board of 20 October 2017 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2017/4)2017
Referred to by
Decision of the European Systemic Risk Board on a coordination framework for consultation on extension of the Solvency II recovery period2018

Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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