Events listed in Capital Requirements Directive IV (CRD IV)
DNB handhaaft Contracyclische Kapitaalbuffer op 2 procent – december 2023
ID 26484
The Dutch Central Bank (DNB) published a news release stating to maintain the 2% countercyclical capital buffer (CCyB) unchanged, as no substantial changes in the risk environment appeared. The CCyB aims to enhance banks‘ resilience during economic downturns and facilitate lending to support the real economy and applies to domestic exposures, with a reciprocity requirement for foreign banks with exposures in the Netherlands. On ...
Recommendation of the European Systemic Risk Board of 13 November 2023 regarding ...
ID 26367
The European Systemic Risk Board (ESRB) has issued a new recommendation regarding a notification of the Portuguese Central Bank, Banco de Portugal, of its intention to set a sectoral systemic risk buffer rate (sSyRB) in accordance with Article 133 of Directive 2013/36/EU, the Capital Requirements Directive IV (CRD IV). Specifically, Banco de Portugal has notified the ESRB of its plan to set a 4% ...
Recommendation of the European Systemic Risk Board amending on the assessment of ...
ID 25797
New Recommendation of the European Systemic Risk Board (ESRB) „on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2023/9)“ was published in the Official Journal of the EU. The recommendation modifies Recommendation (ESRB/2015/2) which sets out „proposals“ for national competent authorities (NCAs) as to the implementation of policy measures so as to ensure that there’s a level playing f ...
Recommendation of the European Systemic Risk Board of 6 July 2023 amending ...
ID 24790
New Recommendation of the European Systemic Risk Board (ESRB) „on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2023/4)“ was published in the Official Journal of the EU. The recommendation modifies Recommendation (ESRB/2015/2) which sets out „proposals“ for national competent authorities (NCAs) as to the implementation of policy measures so as to ensure that there’s a level playing f ...
Reciprocering van de Noorse systeemrisicobuffer
ID 24756
In accordance with the recommendation of the European Systemic Risk Board (ESRB), the Dutch Central Bank (DNB) has decided to reciprocate a 4.5% systemic risk buffer (SyRB) for all exposures located in Norway. This decision came into effect on 29 August 2023. The ESRB recommended reciprocating the macroprudential measure of the Norwegian Ministry of Finance. DNB’s principle is to recognize and **apply macroprudential measures ...
Large Swedish banks show resilience in EU stress test
ID 24495
Following the publication of the 2023 bank stress test results by the European Banking Authority (EBA) (please see EventID 22384 in this context), the Swedish financial market regulator Finansinspektionen (FI) has published a statement in this context. Therein, FI informs of the stress test and of the performance of the participating Swedish banks and describes how it will take into account the results of ...
Overall amount of unrealised losses in euro area banks’ bond portfolios contained
ID 24469
The ECB and EBA jointly conducted a data collection exercise, revealing that euro area banks supervised by the ECB reported net unrealised losses of approximately €73 billion in their bond portfolios held at amortised cost in February 2023. This amount was considered contained. The exercise covered both bonds held at amortised cost and at fair value through other comprehensive income, and it included information ...
Results of PKO Bank Polski SA and Pekao SA in the European stress tests
ID 24464
Following the publication of the 2023 bank stress test results by the European Banking Authority (EBA) (please see EventID 22384 in this context), the Polish Financial Supervision Authority (KNF) has published a statement in this context. Therein, KNF informs of the stress test and briefly describes the current situation of Polish financial institutions in light of the European Court’s judgement with respect to foreign ...
EBA publishes findings of ad-hoc analysis on banks bonds’ holdings
ID 24455
EBA released findings from an ad-hoc analysis regarding unrealized losses on debt securities held at amortized cost within EU banks. This analysis was conducted as part of ongoing risk monitoring efforts in collaboration with CAs. The study aimed to understand the potential evolution of unrealized losses on EU banks‘ debt securities held at amortized cost. Key points from the analysis include: – **Debt securities ...
EBA publishes the results of its 2023 EU-wide stress test
ID 24446
EBA assessed with the 2023 EU-wide stress test the resilience of European banks under adverse economic conditions. The test involved 70 banks from 16 EU and EEA countries, covering 75% of the EU banking sector’s assets. The adverse scenario combined a severe recession, higher interest rates, and credit spreads, resulting in a cumulative 6% decline in EU GDP over a three-year horizon. Key findings ...