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)

The European Systemic Risk Board amends Recommendation ESRB/2015/2 to include specific macroprudential measures from Estonia, Finland, and Belgium in the list of measures recommended for voluntary reciprocity. The Estonian measure involves a 1 percent systemic risk buffer, while the Finnish measure imposes a 15 percent average risk-weight floor on residential mortgage loans for institutions using the Internal Ratings Based Approach, subject to a EUR 1 billion materiality threshold. The Belgian measure applies a risk-weight add-on composed of a 5 percentage point flat add-on and a 33 percent proportionate add-on to retail exposures secured by residential property, subject to a EUR 2 billion materiality threshold. Reciprocating authorities are recommended to apply these measures or equivalent alternatives within specified deadlines, with exemptions permitted for institutions below the defined exposure thresholds.

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This document amends: Recommendation on the assessment of cross-border effects and voluntary reciprocity for macroprudential policy measures

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