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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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