Regulatory Alerts2024-07-08
Added · Updated
Recommendation of the European Systemic Risk Board of 8 July 2024 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2024/3)
The ESRB amends Recommendation ESRB/2015/2 to update the reciprocation recommendation for Denmark's 7% sectoral systemic risk buffer on exposures to non-financial corporations in real estate and building development. The measure excludes exposures within a loan-to-value ratio range of 0% to 15% and applies to domestic credit institutions on an individual and consolidated basis. Reciprocating authorities are recommended to apply the measure within three months of publication, with an institution-specific materiality threshold of EUR 200 million for exemption.
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