Regulatory Alerts2021-04-30
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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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