RegAlert2023-03-06
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Recommendation of the European Systemic Risk Board of 6 March 2023 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2023/1)
The European Systemic Risk Board amends Recommendation ESRB/2015/2 to maintain the recommendation for EEA Member States to reciprocate three Norwegian macroprudential measures: a 4.5% systemic risk buffer for all exposures in Norway, a 20% risk weight floor for residential real estate, and a 35% floor for commercial real estate. The materiality threshold for reciprocating the systemic risk buffer is lowered to a risk-weighted exposure amount of NOK 5 billion, and the phase-in period for credit institutions not using the advanced internal ratings-based approach is extended to 30 December 2023. National authorities must implement these reciprocating measures within a standard three-month transition period following the publication of this Recommendation in the Official Journal of the European Union.
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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
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