Regulatory Alerts2025-12-05
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Recommendation of the European Systemic Risk Board of 5 December 2025 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2025/11)
The European Systemic Risk Board removes the Belgian sectoral systemic risk buffer (sSyRB) from the list of macroprudential policy measures recommended for voluntary reciprocity under Recommendation ESRB/2015/2. This amendment deletes the entry for Belgium, including its description, reciprocation details, and materiality threshold, from the Annex and sub-recommendation C(1). The relevant authorities are requested to give effect to this Recommendation from 1 July 2026.
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