The Royal Decree of 11 May 2023 approving the Regulation of the National Bank of Belgium of 24 January 2023 on a category 1 common equity Tier 1 capital buffer for systemic risk related to retail exposures of individuals, which are guaranteed by residential real estate located in Belgium, has been passed.
The Regulation of the National Bank of Belgium applies to credit institutions referred to in Book II and Book III, Title II, of the Law of 25 April 2014 on the status and supervision of credit institutions (Banking Law).
The credit institutions referred to in the Regulation of the National Bank of Belgium will have a common equity tier 1 capital buffer calculated by multiplying by 9 percent the weighted amount of retail exposures of individuals, which are guaranteed by residential real estate located in Belgium, calculated in accordance with Article 154 of EU Regulation 575/2013 on prudential requirements for credit institutions.
The present Regulation cam into force on 1 May 2023 and will cease to have effect on 30 April 2024.
Arrêté royal portant approbation du règlement de la Banque nationale de Belgique du 24 janvier 2023 portant un coussin de fonds propres de base de catégorie 1 pour le risque systémique lié aux expositions sur la clientèle de détail portant sur des personnes physiques, qui sont garanties par un bien immobilier résidentiel situé en Belgique
ID
23204
Other Features
banks
credit
financial stability
own funds
real estate
resilience
risk
Date Published: 2023-05-11
Date Taking Effect: 2023-05-11
Regulatory Framework: Capital Requirements Regulation (CRR), Banking Law
Regulatory Type: regulation
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