RegAlert2014-06-18
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Recommendation of the European Systemic Risk Board on guidance for setting countercyclical buffer rates
Designated authorities and the European Central Bank are guided to use the credit-to-GDP gap as a common starting point for setting countercyclical capital buffer rates, while exercising discretion based on additional quantitative and qualitative indicators. Authorities must publish quarterly buffer guides, explain their decision-making processes, and generally recognize buffer rates set by other Member States. The guidance specifies methodologies for calculating the credit-to-GDP gap and benchmark rates, and outlines principles for the prompt release of buffers when risks materialize.
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Show all related documents (16)
- Issued under
- Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC Text with EEA relevance2013Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board2010ESRB/2011/1 Decision No. 1 dated 2011-01-20not in RegAlert
- Basis for
- CSSF Regulation No 17-03 of 25 September 2017 on the setting of the countercyclical buffer rate for the fourth quarter of 20172017
- Refers to
- Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions2013Recommendation on intermediate objectives and instruments of macro-prudential policy2013
- Referred to by
- CSSF Regulation No 25-06 of 30 December 2025 on the setting of the countercyclical buffer rate for the first quarter of 20262025CSSF Regulation No 25-04 on the setting of the countercyclical buffer rate for the fourth quarter of 20252025CSSF Regulation No 24-09 on the setting of the countercyclical buffer rate for the first quarter of 20252024CSSF Regulation No 24-05 of 28 June 2024 on the setting of the countercyclical buffer rate for the third quarter of 20242024Decision of the European Systemic Risk Board of 2 June 2020 on the cancellation of certain reports on actions and measures taken pursuant to Recommendation ESRB/2014/1 and Recommendation ESRB/2015/22020General Administrative Act on the Domestic Countercyclical Capital Buffer Rate2019
+4 more
Decision of the European Systemic Risk Board of 28 June 2019 on the postponement of certain reports on actions and measures taken pursuant to Recommendation ESRB/2014/1 and Recommendation ESRB/2015/22019The Countercyclical Capital Buffer in Germany: Analytical Framework for the Assessment of an Appropriate Domestic Buffer Rate2015Recommendation on the assessment of cross-border effects and voluntary reciprocity for macroprudential policy measures2015Recommendation on recognising and setting countercyclical buffer rates for exposures to third countries2015
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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