2022-03-29
Added · Updated
Credit institutions must maintain a Tier 1 core capital buffer calculated by multiplying the weighted amount of retail exposures to natural persons secured by non-business immovable property located in Belgium by 9 percent. This macroprudential measure applies to credit institutions defined in Book II and Book III, Title II of the Law of 25 April 2014. The regulation enters into force on 1 May 2022, subject to the adoption of the European Commission's implementing act, and ceases to have effect on 30 April 2023.
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FEDERAL PUBLIC SERVICE FINANCES
[C − 2022/20369]
21 FEBRUARY 2022. — Royal Decree approving the Regulation of the National Bank of Belgium of 26 October 2021 imposing a Tier 1 core capital buffer for the systemic risk associated with exposures relating to retail clients concerning natural persons, which are secured by non-business immovable property located in Belgium
PHILIP, King of the Belgians,
To all who are now and hereafter shall be, Greetings.
Having regard to the Law of 22 February 1998 establishing the organic statute of the National Bank of Belgium, Article 12bis, § 2; Having regard to the Law of 25 April 2014 on the status and supervision of credit institutions and stock exchange companies, Article 97, and Article 16/1, f) of Annex IV, read in conjunction with Article 16/1, b), i) of that same Annex; Having regard to the opinion of the Financial Inspection, given on 18 January 2022; Having regard to the agreement of the Secretary of State for the Budget, dated 29 January 2022; Having regard to Article 8, § 1, 4° of the Law of 15 December 2013 containing various provisions on administrative simplification, this decree is exempt from a regulatory impact analysis because it concerns self-regulation provisions; On the proposal of the Minister of Finance and on the advice of the Ministers meeting in Council,
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Source: National Bank of Belgium — 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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