|
Country that requested reciprocation of its measure |
Description of measure |
ESRB Recommendation recommending the reciprocity of the measure |
CBC decision date |
CBC Decision |
|
Finland |
A credit institution-specific minimum level of 15 % for the average risk-weight on loans secured by a mortgage on housing units in Finland applicable to credit institutions using the internal ratings-based (IRB) approach. |
ESRB/2018/1 |
26 March 2018 |
The CBC decided not to reciprocate the measure |
|
France |
A tightening of the large exposure limit, applicable to exposures to highly-indebted large non-financial corporations having their registered office in France, to 5 % of eligible capital applicable to G- SIIs and O-SIIs at the highest level of consolidation of their banking prudential perimeter. |
ESRB/2018/8 |
30 May 2019 |
The CBC decided not to reciprocate the measure |
|
Sweden |
A credit institution-specific floor of 25 % for the exposure-weighted average of the risk weights applied to the portfolio of retail exposures to obligors residing in Sweden secured by immovable property to credit institutions using the IRB approach. |
ESRB/2019/1 |
30 May 2019 |
The CBC decided not to reciprocate the measure |
| Luxembourg | Loan-to-value (LTV) limits for new mortgage loans on residential real estate located in Luxembourg, with different LTV limits applicable to different categories of borrowers: (a) LTV limit of 100% for first-time buyers acquiring their primary residence; (b) LTV limit of 90% for other buyers; (c) LTV limit of 80% for other mortgage loans (including the buy-to-let segment) |
ESRB/2021/2 | 15 September 2021 | The CBC decided not to reciprocate the measure |
| Norway | i) A 4,5% systemic risk buffer rate for exposures in Norway; ii) A 20% average risk weight floor for residential real estate exposures in Norway, to credit institutions using the IRB approach for calculating regulatory capital requirements; iii) A 35% average risk weight floor for commercial real estate exposures in Norway, to credit institutions using the IRB approach for calculating regulatory capital requirements |
ESRB/2021/3 | 15 September 2021 | The CBC decided not to reciprocate the measures |
| Lithuania | A 2% systemic risk buffer rate applied on all retail exposures to natural persons resident in the Republic of Lithuania, that are secured by residential property. | ESRB/2022/1 | 24 May 2022 | The CBC decided not to reciprocate the measures |
| The Netherlands | A minimum average risk weight applied to credit institutions, using the IRB approach, in relation to their portfolios of exposures to natural persons secured by mortgages on residential property located in the Netherlands. The minimum average risk weight is calculated based on the methodology included in the Recommendation ESRB/2022/1. | ESRB/2022/1 | 24 May 2022 | The CBC decided not to reciprocate the measures |
| Belgium | A 9% systemic risk buffer rate applied on internal ratings-based retail exposures to natural persons secured by residential immovable property for which the collateral is located in Belgium. | ESRB/2022/3 | 17 January 2023, with a retrospective effect from 23 September 2022 | The CBC decided not to reciprocate the measure |
| Germany | A 2% systemic risk buffer rate applied on all exposures (i.e. retail and non-retail) to natural and legal persons that are secured by residential real estate located in Germany. | ESRB/2022/4 | 17 January 2023 | The CBC decided not to reciprocate the measure |
|
Norway |
i) A reset of a 4,5% systemic risk buffer rate for the exposures located in Norway applicable to all credit institutions authorised in Norway; ii) An extension by two more years of the below risk weight floors applicable to real estate exposures located in Norway of credit institutions authorised in Norway using the IRB approach: (a) a 20% floor for (exposure weighted) average risk weight for exposures to residential real estate located in Norway; (b) a 35% floor for (exposure weighted) average risk weight for exposures to commercial real estate located in Norway. |
ESRB/2023/1 |
5 October 2023 | The CBC decided not to reciprocate the measures |
| Sweden | i) A risk weight floor of 35% applied to the portfolio of corporate exposures secured by immovable commercial properties, in relation to credit institutions using the IRB approach for calculating regulatory capital requirements; ii) A risk weight floor of 25% applied to the portfolio of corporate exposures secured by immovable residential properties, in relation to credit institutions using the IRB approach for calculating regulatory capital requirements. |
ESRB/2023/4 | 29 November 2023 | The CBC decided not to reciprocate the measures |
| Begium | A 6% systemic risk buffer rate applied on all IRB retail exposures to natural persons secured by residential immovable property for which the collateral is located in Belgium. | ESRB/2023/9 | 27 May 2024 | The CBC decided not to reciprocate the measure |
| Portugal | A 4% sectoral systemic risk buffer rate applied on all IRB retail exposures to natural persons secured by residential immovable property for which the collateral is located in Portugal. | ESRB/2023/13 | 25 November 2024 |
The CBC decided not to reciprocate the measure |
|
Denmark |
A 7% sectoral systemic risk buffer rate applied on all types of exposures located in Denmark to non-financial corporations operating in real estate and in the development of building projects identified in accordance with the statistical classification of economic activities in the Union, set out in Regulation (EC) No 1893/2006. | ESRB/2023/13 | 25 November 2024, with a retrospective effect from 30 June 2024 |
The CBC decided not to reciprocate the measure |
|
Italy |
A 0,5% systemic risk buffer rate on all credit risk exposures and counterparty credit risk exposures located in Italy, applicable from 31 December 2024 until 29 June 2025, increasing to a 1% systemic risk buffer rate on all credit risk exposures and counterparty credit risk exposures located in Italy, applicable from 30 June 2025. | ESRB/2024/2 | 25 February 2025 with a retrospective effect from 31 December 2024 |
The CBC decided not to reciprocate the measure |
|
Denmark |
A 7% sectoral systemic risk buffer rate on all types of exposures located in Denmark to non-financial corporations operating in real estate activities and in the development of building projects identified in accordance with the statistical classification of economic activities in the Union (NACE), set out in Regulation (EC) No 1893/2006, with the exception that the part of each exposure that lies within a loan-to-value ratio range of 0% to 15% shall be excluded from the exposures to which the sectoral systemic risk buffer applies. | ESRB/2024/3 | 25 February 2025 with a retrospective effect from 30 June 2024 |
The CBC decided not to reciprocate the measure |
|
Belgium |
A 6% systemic risk buffer rate on all IRB retail exposures to natural persons secured by residential immovable property for which the collateral is located in Belgium, applicable from 1 April 2024. | ESRB/2024/5 | 25 February 2025 |
The CBC decided not to reciprocate the measure |
|
Norway |
A 4,5% systemic risk buffer rate applied to the domestic exposures of all credit institutions authorised in Norway, on a consolidated, sub-consolidated and individual basis. | ESRB/2024/7 | 29 April 2025 |
The CBC decided not to reciprocate the measure |
|
Germany |
A 1% systemic risk buffer rate on all exposures, both retail and non-retail, to natural persons and all exposures to legal persons which are both secured by residential property located in Germany and for which that collateral is considered to reduce supervisory own funds requirements. | ESRB/2025/4 | 23 October 2025 |
The CBC decided not to reciprocate the measure |
|
Sweden |
i) An extension from 31 December 2025 for a period of two years or until the macroprudential or systemic risks cease to exist, of the currently applicable minimum exposure-weighted average risk-weight floor of 25% applicable to Swedish retail mortgage exposures; ii) An extension from 30 September 2025 for a period of two years or until the macroprudential or systemic risks cease to exist, of the currently applicable minimum average risk-weight floor of: (a) 35%, which applies at the portfolio level to corporate exposures secured by commercial properties; (b) 25%, which applies at the portfolio level to corporate exposures secured by residential properties. |
ESRB/2025/5 | 23 October 2025 |
The CBC decided not to reciprocate the measure |
|
Norway |
Extension of the 20% floor for (exposure-weighted) average risk weights for exposures to residential real estate located in Norway applied in accordance with Article 458(2)(d)(iv) of Regulation (EU) No 575/2013, until 30 June 2025, and subsequent increase of the floor to 25% from 1 July 2025, applied to credit institutions authorised in Norway using the internal ratings-based (IRB) approach for calculating regulatory capital requirements; ii) Extension of the 35 % floor for (exposure-weighted) average risk weights for exposures to commercial real estate located in Norway applied in accordance with Article 458(2)(d)(iv) of Regulation (EU) No 575/2013, to credit institutions authorised in Norway using the IRB approach for calculating regulatory capital requirements. |
ESRB/2025/6 | 23 October 2025 |
The CBC decided not to reciprocate the measure |
|
Austria |
A 1% sectoral systemic risk buffer for all relevant exposures to non-financial corporations from the construction and real estate sector located in Austria, identified in accordance with the statistical classification of economic activities in the Union (NACE), set out in Regulation (EC) No 1893/2006, with the exception of limited-profit housing associations. | ESRB/2025/10 | 19 February 2026 |
The CBC decided not to reciprocate the measure |