Reciprocated foreign macroprudential measures

Factsheet

Read aloud

In the Netherlands, DNB is the designated authority for reciprocating macroprudential measures adopted by other foreign competent or designated authorities. Reciprocation means that DNB voluntarily recognises exposure-based macroprudential measures adopted by another Member State and then applies those macroprudential measures to Dutch banks that have relevant exposures in that jurisdiction.

Published: 30 September 2021

Latest update: 08 May 2026

On 15 December 2015, the European Systemic Risk Board (ESRB) issued a Recommendation on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy (ESRB/2015/2). In line with this Recommendation, as amended, DNB takes as a starting point that macroprudential measures adopted by designated or competent authorities of other countries will in principle be reciprocated, when these measures are recommended for reciprocation by the ESRB. In principle, DNB also follows the ESRB with regard to the recommended level of consolidation. Reciprocation of macroprudential measures addresses regulatory arbitrage and cross border leakages, by ensuring that the same or equivalent macroprudential measures apply to the same risks across the EU.

Links

Recommendation of the European Systemic Risk Board of 15 December 2015 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2015/2) – consolidated version (Refers to an external site)

ESRB-website on reciprocation
(Refers to an external site)

Application of recognised SyRB on a consolidated basis | European Banking Authority (Refers to an external site)

When DNB intends to follow a recommendation of the ESRB to reciprocate a national macroprudential measure, the reciprocation of this measure will be subject to consultation by DNB, for a period of one month. This means that during this month, banks can raise possible issues with respect to the implementation and application of the measure. After this month, DNB will take a final decision on the reciprocation of the national macroprudential measure. If so, the foreign macroprudential measure will subsequently be published in the list below and become formally effective at the date specified for Dutch banks with relevant exposures to that jurisdiction. List of currently effective macroprudential measures reciprocated by DNB Belgian systemic risk buffer In line with the recommendation of ESRB, DNB has decided to reciprocate the adjusted 6% systemic risk buffer (SyRB) rate on IRB retail exposures to natural persons secured by residential immovable property for which the collateral is located in Belgium and is therefore relevant for cross border servicing by banks in the Netherlands as well as for their branches located in Belgium. Following the ESRB’s recommendation, DNB applies the systemic risk buffer on an individual, sub-consolidated, and consolidated basis. In reciprocating this measure, DNB intends to prevent the materialization of negative cross-border effects in the form of leakages and regulatory arbitrage. More details can be found in the respective Banking newsletter publication . The feedback statement from the consultation can be found here . The official Government Gazette (Staatscourant) publication can be found here . German systemic risk buffer In line with the recommendation of the ESRB, DNB has decided to reciprocate the activated 1% systemic risk buffer (SyRB) rate on all exposures (i.e. retail and non-retail exposures) to natural and legal persons that are secured by residential real estate located in Germany. Following the ESRB’s recommendation, DNB applies the systemic risk buffer on an individual, sub-consolidated, and consolidated basis. In reciprocating this measure, DNB intends to prevent the materialization of negative cross-border effects in the form of leakages and regulatory arbitrage. More details can be found in the respective Banking newsletter publication . The feedback statement from the consultation can be found here . The official Government Gazette (Staatscourant) publication can be found here . Norwegian systemic risk buffer In line with the recommendation of ESRB, DNB has decided to reciprocate the extended 4.5% systemic risk buffer (SyRB) rate for exposures in Norway. The extended measure is subject to a lower materiality threshold compared to the initially introduced measure in 2021. Following the ESRB’s recommendation, DNB applies the systemic risk buffer on an individual, sub-consolidated, and consolidated basis. In reciprocating this measure, DNB intends to prevent the materialization of negative
cross-border effects in the form of leakages and regulatory arbitrage. More details can be found in the respective Banking newsletter publication . The feedback statement from the consultation can be found here . The official Government Gazette (Staatscourant) publication can be found here . Italian systemic risk buffer In line with the recommendation of ESRB, DNB has decided to reciprocate the 1% systemic risk buffer (SyRB) rate for all credit risk exposures and counterparty credit risk exposures located in Italy. Following the ESRB’s recommendation, DNB applies the systemic risk buffer on an individual, sub-consolidated, and consolidated basis. In reciprocating this measure, DNB intends to prevent the materialization of negative cross-border effects in the form of leakages and regulatory arbitrage.

More details can be found in the respective
Banking newsletter publication
.
No feedback was received during the consultation period.
The official Government Gazette (Staatscourant) publication can be found here .

Countercyclical Capital Buffer for exposures to other Member States and to third countries

A particular type of macroprudential measure is the countercyclical capital buffer (CCyB). The CCyB is special in that it applies automatically to exposures of foreign authorized banks in a Member State for which the CCyB has been set, up to a buffer rate of 2.5%. For buffer rates in excess of 2.5%, a framework for reciprocation is in place, under Article 137 of the CRD V. The same applies to CCyB buffer rates below or in excess of 2.5% that are set by a relevant macroprudential authority in a third country. Starting point for DNB is to reciprocate CCyB buffer rates in excess of 2.5%, set by the relevant macroprudential authorities of other Member States and of third countries. The CCyB rates that are currently applicable, can be found on the ESRB and BIS websites respectively, via the links below.

The institution-specific CCyB, as referred to in Article 140 of the CRD V, is calculated as the weighted average of the CCyB rates that apply in the jurisdictions where the relevant credit exposures of the bank are located. The geographic location of credit exposures is to be determined in accordance with the Commission Delegated Regulation (EU) No 1152/2014 of 4 June 2014 with regard to regulatory technical standards on the identification of the geographical location of the relevant credit exposures for calculating institution-specific countercyclical capital buffer rates. The applicable CCyB rates are published by the European Systemic Risk Board (for EU member states) and the Bank for International Settlements (for Basel Committee member jurisdictions and a few non-member jurisdictions).

Links:

CCyB rates of Member States (source: ESRB)
(Refers to an external site)

CCyB rates of third countries (source: BIS)
(Refers to an external site)

Technical standards on the geographic location of credit exposures (source: EC) (Refers to an external site)

In addition, under Article 139 of the CRD IV, DNB may set CCyB rates for a third country, or set a different CCyB rate for a third country, if DNB reasonably considers that the buffer rates set by the relevant third country authority are not sufficient to protect domestically authorized institutions (i.e. Dutch banks) appropriately from the risks of excessive credit growth in that third country. Such decisions by DNB can follow from ESRB recommendations or can be initiated by DNB itself. The ESRB monitors third countries that are relevant for the EU as a whole and DNB monitors third countries that are relevant from the Dutch perspective.

Links:

Decision of the European Systemic Risk Board of 11 December 2015 on the assessment of materiality of third countries for the Union’s banking system in relation to the recognition and setting of countercyclical buffer rates (ESRB/2015/3) (Refers to an external site)

Recommendation of the European Systemic Risk Board of 11 December 2015 on recognising and setting countercyclical buffer rates for exposures to third countries (ESRB/2015/1) (Refers to an external site)

Discover related articles

Factsheet

Banks

Share:

Share on LinkedIn

Share on X

Share on Facebook

Share via Email

Interesting articles

Prudential rules do not hinder bank financing for EU priorities

17 July 2026

News item supervision

Europe faces historic investment challenges, in which banks will play an important financing role. Prudential requirements strengthen banks’ resilience, without posing a major obstacle to their financing. Unlocking more private finance requires better risk-sharing and deeper financial integration.

Read more
Prudential rules do not hinder bank financing for EU priorities

News item supervision

17 July 2026

DNB Inhouse Day for the Dutch banking sector: financial crime supervision

16 July 2026

News item supervision

Following last year’s successful event, De Nederlandsche Bank (DNB) will again host an Inhouse Day for AML/CFT professionals in the Dutch banking sector. The event is designed to encourage dialogue and provide further insight into DNB’s AML/CFT supervision.

Read more
DNB Inhouse Day for the Dutch banking sector: financial crime supervision

News item supervision

16 July 2026

Fine for ABN AMRO Bank N.V. for inadequate customer due diligence for high-risk customers

09 July 2026

Enforcement measures

De Nederlandsche Bank (DNB) imposed an administrative fine of €8.5 million on ABN AMRO Bank N.V. (ABN AMRO) on 6 July 2026 due to serious shortcomings in its anti-money laundering controls in the period from September 2023 through September 2024.

Read more
Fine for ABN AMRO Bank N.V. for inadequate customer due diligence for high-risk customers

Enforcement measures

09 July 2026

De Nederlandsche Bank publishes ‘Integrity Supervision in Focus 2026’

25 June 2026

News item supervision

In the third edition of ‘Integrity Supervision in Focus’ (ISF), we share the key insights from our integrity supervision.

Read more
De Nederlandsche Bank publishes ‘Integrity Supervision in Focus 2026’

News item supervision

25 June 2026