Macroprudential measures
Macroprudential measures aim to increase the financial system’s resilience to shocks by addressing identified systemic risks. Macroprudential authorities monitor the financial system, identifying risks and vulnerabilities, and implement measures to ensure financial stability.
Under the Single Supervisory Mechanism (SSM) Regulation (Council Regulation (EU) No 1024/2013), the ECB is responsible for assessing macroprudential measures adopted by national authorities in the countries participating in European banking supervision.
If necessary to address risks to financial stability, the ECB has the power to apply more stringent measures than those adopted nationally. These powers are based on Article 5 of the SSM Regulation and Article 13h of the Rules of Procedure of the ECB.
Measures taken by macroprudential authorities in countries participating in European banking supervision since 6 April 2024
Last updated: 30 June 2024
Capital buffers for other systemically important Institutions (O-SIIs) (Article 131 of the Capital Requirements Directive)
In April 2024 Slovakia decided to recalibrate buffer rates for O-SIIs, leading to a decrease in the buffer rate for one O-SII. In addition, one institution will be removed from the list of O-SIIs. These changes will be implemented on 1 January 2025.
Systemic risk buffer (Article 133 of the Capital Requirements Directive)
Banca d’Italia decided to introduce a new sectoral systemic risk buffer. The buffer is set at 1% of credit and counterparty risk-weighted exposures to Italian residents for all banks authorised in Italy. The target rate of 1% is to be achieved gradually by setting aside a reserve of 0.5% of material exposures by 31 December 2024 and the remaining 0.5% by 30 June 2025. The buffer is to be applied at both the consolidated and the individual level.
Risk weight requirement (Article 124 of the Capital Requirements Regulation)
Latvijas Banka recalibrated the risk weight requirement under the standardised approach for exposures fully and completely secured by mortgages on commercial immovable property from 100% to 80%. This measure is applicable as of 30 June 2024.
Overview of macroprudential measures implemented in countries participating in European banking supervision that the ECB has been notified of
Below is a list of all the macroprudential measures that the ECB has been notified of that have been implemented or publicly announced in countries participating in European banking supervision.
Last updated: 30 June 2024
Overview of measures that the ECB has been notified of under Article 5 of the SSM Regulation