Regulatory Alerts2026-04-24
Added · Updated
Recommendation of the European Systemic Risk Board of 24 April 2026 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2026/2)
ESRB/2015/2 is amended to replace the Austrian sectoral systemic risk buffer (sSyRB) schedule with a tiered structure: 1% until 30 June 2026, 2% from 1 July 2026 to 30 June 2027, and 3.5% from 1 July 2027. These rates apply to relevant exposures to non-financial corporations in the Austrian construction and real estate sectors, excluding limited-profit housing associations. Competent authorities in other Member States are recommended to reciprocate the measure on a consolidated, sub-consolidated, and individual basis, applying it to exposures classified under NACE codes F 41, F 43, and M 68. A standard three-month transition period applies for implementation, and authorities are encouraged to use harmonized reporting templates to assess the EUR 100 million institution-specific materiality threshold.