RegAlert2019-06-27
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Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector in France
The European Systemic Risk Board identifies medium-term vulnerabilities in France's residential real estate sector as a source of systemic risk to financial stability, specifically citing high and increasing household indebtedness and deteriorating lending standards. The Board notes that while France has implemented a 0.5% countercyclical capital buffer, this measure is insufficient to curb household debt dynamics or lending standard deterioration. Consequently, the ESRB recommends that French national authorities consider additional pre-emptive actions, such as establishing explicit guidelines for lending standards or implementing formal borrower-based measures.
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Show all related documents (10)
- Issued under
- Regulation (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 Board2010
- Refers to
- Recommendation of the European Systemic Risk Board on closing real estate data gaps2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Austria2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Belgium2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Denmark2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Finland2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Luxembourg2016
+3 more
Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of Sweden2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of the Netherlands2016Warning of the European Systemic Risk Board on medium-term vulnerabilities in the residential real estate sector of the United Kingdom2016
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