• ACCOUNTABILITY
    Hearing at the European Parliament

    ESRB Chair Christine Lagarde spoke before the European Parliament’s Committee on Economic and Monetary Affairs and answered questions from its members on 19 November 2020.

Measures taken in response to coronavirus (COVID-19) pandemic
17 November 2020 SOCIAL MEDIA

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21 October 2020 RESEARCH

Non-Bank Financial Intermediation Risk Monitor

The ESRB has published the fifth EU Non-Bank Financial Intermediation Risk Monitor, an overview of 2019 developments in the investment fund and other financial institutions sectors, highlighting risks to financial stability as well as the coronavirus-related market shock.

17 November 2020
Opinion of the European Systemic Risk Board of 14 October 2020 regarding the Swedish notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2020/13)
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19 October 2020
Response letter to a consultation of the European Commission on the review of Solvency II
1 October 2020
Letter to European Commission and ESMA on procyclical impact of downgrades of corporate bonds on markets and entities across the financial system
24 September 2020
Recommendation of the European Systemic Risk Board on identifying legal entities (ESRB/2020/12)
12 August 2020
ESRB Secretariat staff’s response to ESMA’s consultation paper on technical standards on reporting, data quality, data access and registration of trade repositories under EMIR Refit
14 July 2020
Opinion of the European Systemic Risk Board of 19 May 2020 regarding the French notification of an extension of the period of application of a stricter national measure ESRB/2020/5
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25 June 2020
ESRB opinion on ESMA report on Central Clearing Solutions for Pension Scheme Arrangements
25 June 2020
ESRB opinion on ESMA report on post trade risk reduction services with regards to the clearing obligation
22 June 2020
Decision ESRB/2020/10 on the cancellation of certain reports on actions and measures taken pursuant to Recommendation ESRB/2014/1 and Recommendation ESRB/2015/2
8 June 2020
ESRB letter to EIOPA on Liquidity risks in the insurance sector
8 June 2020
Recommendation of the European Systemic Risk Board on monitoring the financial stability implications of debt moratoria, and public guarantee schemes and other measures of a fiscal nature taken to protect the real economy in response to the COVID-19 pandemic (ESRB/2020/8)
8 June 2020
Recommendation of the European Systemic Risk Board on restriction of distributions during COVID-19 pandemic (ESRB/2020/7)
8 June 2020
Recommendation of the European Systemic Risk Board on liquidity risks arising from margin calls (ESRB/2020/6)
14 May 2020
ESRB letter to Governments on the financial stability impact of the national guarantee schemes and other fiscal measures
14 May 2020
Recommendation of the European Systemic Risk Board on liquidity risks in investment funds (ESRB/2020/4)
8 April 2020
Opinion of the European Systemic Risk Board of 26 February 2020 regarding Belgian notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2020/2)
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11 March 2020
Opinion of the European Systemic Risk Board of 6 February 2020 regarding Dutch notification of a stricter national measure based on Article 458 of the CRR (ESRB/2020/1)
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5 February 2020
Letter from the ESRB to the European Commission on shortcomings of the AIFMD framework
31 January 2020
Adverse scenario for the EBA 2020 EU-wide banking sector stress test

Details

The ESRB has today published the adverse scenario for the EU-wide banking sector stress test to be carried out by the EBA in 2020. This scenario, which has been approved by the General Board of the ESRB, highlights adverse conditions that are relevant to this sector. This information has also been published by the EBA as part of its communication on the 2020 EU-wide banking sector stress test.

17 January 2020
ESRB response to the EIOPA Consultation Paper on the 2020 review of Solvency II

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22 October 2020
Notification by Norges Bank (central bank of Norway) on amendments of requirements for new residential mortgage loans [02 April 2020]
19 October 2020
Notification by Bank of Slovenia on the debt-service-to-income (DSTI) ratio limit
19 October 2020
Notification by Magyar Nemzeti Bank (Central Bank of Hungary) on amendments of the FFAR, FECR and IFR regulations
19 October 2020
Notification by the Finnish Financial Supervisory Authority (FIN-FSA) on the loan-to-value (LTV) ratio limit
19 October 2020
Notification by the Financial Market Authority of Liechtenstein on three other systemically important institutions (O-SIIs)
19 October 2020
Notification by the Central Bank of Cyprus (CBC) on five other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Národná banka Slovenska (Slovakia Central Bank) on five other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Bank of Lithuania on three other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Financial Market Authority Liechtenstein (FMA) on three other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Seðlabanki Íslands (Central Bank of Iceland) on three other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Magyar Nemzeti Bank (Hungary Central Bank) on eight other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Finnish Financial Supervisory Authority, (FIN-FSA) on three other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Danish Financial Supervisory Authority on seven other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Central Bank of Cyprus (CBC) on six other systemically important institutions (O-SIIs)
27 August 2020
Notification by the Banco de Portugal on six other systemically important institutions (O-SIIs)
27 August 2020
Notification by De Nederlandsche Bank N.V. on five other systemically important institutions (O-SIIs)
14 July 2020
Notification by the French Haut Conseil de stabilité financière (HCSF) on a stricter measure based on Article 458 of the CRR
8 April 2020
Notification by National Bank of Belgium on a stricter measure based on Article 458 of the CRR
11 March 2020
Notification by De Nederlandsche Bank on a stricter measure based on Article 458 of the CRR
14 February 2020
Notification by Národná banka Slovenska (National Bank of Slovakia) on tightening the limit on DSTI
14 February 2020
Notification by Bank of Slovenia on macroprudential restrictions on household lending
14 February 2020
Notification by Banco de Portugal (Bank of Portugal) on amendment to the macroprudential Recommendation on new credit agreements for consumers
14 February 2020
Notification by the Financial Market Authority of Liechtenstein on systemic risk buffer
14 February 2020
Notification by Bank of Slovenia on seven other systematically important institutions (O-SIIs)
14 February 2020
Notification by Finansinspektionen of Sweden (Bank of Sweden) on four other systemically important institutions (O-SIIs)

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NATIONAL POLICY

Interactive map on countercyclical capital buffers

The countercyclical capital buffer (CCyB) is a macroprudential instrument that aims to counter pro-cyclicality in the financial system. The interactive map shows the CCyB rates currently applicable in Europe and is continuously updated.

PUBLICATION

Macroprudential policy measures in Europe

The ESRB has updated its overview of national measures of macroprudential interest in the EU and the European Economic Area. The overview covers capital buffers, reciprocation measures and various other measures. It was last updated on 16 October 2020.