Reciprocated foreign macroprudential measures

DNB applies specific systemic risk buffer rates to Dutch banks with relevant exposures in Belgium, Germany, Norway, and Italy, including a 6% rate for Belgian residential property, 1% for German real estate, 4.5% for Norwegian exposures, and 1% for Italian credit risks. For countercyclical capital buffers exceeding 2.5%, DNB reciprocates rates set by other Member States and third countries, while calculating institution-specific buffers as weighted averages of applicable jurisdictional rates. A one-month consultation period precedes the formal implementation of any reciprocated measure, which becomes effective for Dutch banks on the date specified in the official publication.

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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.

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Lineage: In force

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Source: De Nederlandsche Bank — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works