2021-04-30

Added 2026-07-13 · Updated 2026-09-22

Recommendation of the European Systemic Risk Board of 30 April 2021 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2021/3)

The European Systemic Risk Board amends Recommendation ESRB/2015/2 to recommend the reciprocation of specific macroprudential measures adopted by Belgium, France, Luxembourg, Norway, and Sweden. The amendment includes a 4.5% systemic risk buffer and risk weight floors for Norwegian real estate exposures, a 5% large exposure limit for French highly-indebted corporations, LTV limits for Luxembourgish mortgages, and risk weight add-ons for Belgian and Swedish residential real estate exposures. Relevant authorities are instructed to apply these measures to credit institutions with exposures in the respective jurisdictions, subject to defined materiality thresholds and deadlines.

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Lineage: Superseded

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Timeline

Amended 3 times · last 2022-03-30

• 2022-03-30ESRBRecommendation of the European Systemic Risk Board of 30 March 2022 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measuressupersedes
• 2022-02-16ESRBRecommendation of the European Systemic Risk Board of 16 February 2022 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measuresamends
• 2021-07-26ESRBRecommendation of the European Systemic Risk Board of 26 July 2021 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2021/6)amends

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