Regulatory Alerts2016-03-24
Added · Updated
Recommendation of the European Systemic Risk Board of 24 March 2016 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2016/3)
This recommendation amends Recommendation ESRB/2015/2 to include a Belgian macroprudential measure in the list of measures recommended for reciprocation. The measure consists of a 5-percentage-point risk-weight add-on applied by internal ratings-based credit institutions to Belgian mortgage loan exposures. Relevant authorities are recommended to reciprocate this add-on for exposures from branches and direct cross-border lending, with an option to waive reciprocation if no material exposures exist. Authorities are advised to adopt equivalent measures within six months where direct reciprocation is not feasible.
Topics
Share