2025-11-04

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Recommendation of the European Systemic Risk Board of 4 November 2025 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2025/10)

The European Systemic Risk Board amends Recommendation ESRB/2015/2 to recommend the reciprocation of Austria's 1% sectoral systemic risk buffer for exposures to non-financial corporations in the construction and real estate sectors. Competent authorities in other Member States are advised to apply this buffer on a consolidated, sub-consolidated, and individual basis, subject to an institution-specific materiality threshold of EUR 100 million. A standard three-month transition period applies for the implementation of these reciprocating measures following publication in the Official Journal.

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Directive No. 2013/36/EU dated …not in RegAlertESRB/2011/1 Decision No. 1 date…not in RegAlertRegulation No. 1092 dated 2010-…not in RegAlertRecommendation on the assessmen…2015Recommendation of the European …2017Recommendation of the EuropeanSystemic Risk Board of 4 Nove…2025-11-04 · this document
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

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

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