European Systemic Risk Board

Conference

ESRB annual conference

The ESRB will hold its fourth annual conference on 26 and 27 September in Frankfurt. Stay tuned for the live broadcast of the keynote address by ESRB Chair Mario Draghi.
- Programme

In focus
Press releases & Speeches1
Reports & Research
ESRB Policy
National Policy

18 July 2019 PRESS RELEASE

NBFI Monitor 2019

The ESRB has published the fourth EU Non-bank Financial Intermediation (NBFI) Risk Monitor. The report presents an overview of developments in the investment fund sector and in so-called ‘other financial institutions’, and highlights risks to financial stability.

4 September 2019 ACCOUNTABILITY

Lagarde recommended as new ECB President

The European Parliament’s Committee on Economic and Monetary Affairs has recommended Christine Lagarde as the ECB President and therefore ESRB Chair. The recommendation now needs to be put to the Parliament in a plenary vote. The European Council is expected to formally appoint Ms Lagarde in October.

Watch: Christine Lagarde at ECON

17/07/2019: ESRB publishes EU Non-bank Financial Intermediation Risk Monitor 2019
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04/07/2019: The General Board of the European Systemic Risk Board held its 34th regular meeting on 27 June 2019
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17/06/2019: Advisory Scientific Committee publishes report on Exchange-Traded Funds
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04/06/2019: Report of the Advisory Scientific Committee on regulatory complexity
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01/04/2019: ESRB recommends EU-wide reciprocation of Sweden’s 25% risk-weight floor for mortgage loans
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29/07/2019: Securisation special purpose entities, bank sponsors and derivatives
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29/07/2019: ESRB Annual Report 2018
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04/07/2019: ESRB risk dashboard, June 2019 (Issue 28)
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Overview note
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Annex I
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Annex II
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01/07/2019: Bank asset quality and monetary policy pass-through
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01/07/2019: Rethinking capital regulation: the case for a dividend prudential target
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28 August 2019: Opinion of the European Systemic Risk Board of 13 May 2019 regarding Estonian notification of a stricter national measure based on Article 458 of the CRR (ESRB/2019/2)
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Eesti keelET

Report
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Eesti keelET
Letter to the European Commission
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19 August 2019: Recommendation of the european systemic Risk Board of 21 March 2019 amending Recommendation ESRB/2016/14 on closing real estate data gaps (ESRB/2019/3)
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БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV

Questions and answers
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8 July 2019: Decision ESRB/2019/15 on the postponement of certain reports on actions and measures taken pursuant to Recommendation ESRB/2014/1 and Recommendation ESRB/2015/2
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11 April 2019: ESRB Secretariat staff response to Insurance Europe’s position paper on the ESRB report on macroprudential measures in insurance
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3 April 2019: Adverse scenario for the ESMA 2019 EU-wide central counterparty stress test
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The ESRB has today published the adverse scenario for the EU-wide central counterparty stress test carried out by the ESMA in 2019. This scenario, which has been approved by the General Board of the ESRB, highlights adverse conditions that are relevant to this sector.
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Letter
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Technical note
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28 August 2019: Notification by Eesti Pank (Bank of Estonia) on a stricter measure based on Article 458 of the CRR [26 June 2019]
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Notification by Eesti Pank (Bank of Estonia) on a stricter measure based on Article 458 of the CRR [15 April 2019]
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9 August 2019: Notification by Finanstilsynet (Danish Financial Supervisory Authority) on seven other systematically important institutions (O-SIIs)
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9 August 2019: Notification by Magyar Nemzeti Bank (Central Bank of Hungary) on the amemdment of regulation on debt-service-to-income (DSTI) ratio and loan-to-value (LTV) ratio limits
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17 July 2019: Notification by the Prudential Regulation Authority of the United Kingdom on the systemic risk buffer
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17 July 2019: Notification by Národná banka Slovenska (National Bank of Slovakia) on the systemic risk buffer
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17 July 2019: Notification by Magyar Nemzeti Bank (Central Bank of Hungary) on the systemic risk buffer
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17 July 2019: Notification by FIN-FSA (the Finnish Financial Supervisory Authority) on maintaining the existing systemic risk buffer
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17 July 2019: Notification by Národná banka Slovenska (National Bank of Slovakia) on five other systematically important institutions (O-SIIs)
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17 July 2019: Notification by FIN-FSA (the Finnish Financial Supervisory Authority) on three other systemically important institutions (O-SIIs)
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17 May 2019: Notification by Central Bank of Malta on borrower-based measures
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17 May 2019: Notification by Financial Supervisory Authority of Iceland (FME) on three other systematically important institutions (O-SIIs)
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28 February 2019: Notification by the Danish Ministry of Industry, Business and Financial Affairs on change of the level of an existing systemic risk buffer in the Faroe Islands
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28 February 2019: Notification by the Danish Ministry of Industry, Business and Financial Affairs on the systemic risk buffer
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28 February 2019: Notification by the Central Bank of Malta and Malta Financial Services Authority on three other systematically important institutions (O-SIIs)
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28 February 2019: Notification by the Central Bank of Cyprus on five other systemic important institutions (O-SIIs)
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28 February 2019: Notification by the De Nederlandsche Bank N.V. on one global systemic important institutions (G-SII)
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14 February 2019: Notification by the Finnish Financial Supervisory Authority (FIN-FSA) regarding change in Nordea G-SII status
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14 February 2019: Notification by the Finnish Financial Supervisory Authority (FIN-FSA) on one global systemically important institution (G-SII)
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14 February 2019: Notification by Finnish Financial Supervisory Authority (FIN-FSA) on three other systematically important institutions (O-SIIs)
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25 January 2019: Notification by the Magyar Nemzeti Bank (Central Bank of Hungary) on amendments of the mortgage funding adequacy ratio regulation
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25 January 2019: Notification by the Croatian Hrvatska narodna banka on seven other systematically important institutions (O-SIIs)
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25 January 2019: Notification by the Federal Financial Supervisory Authority of Germany on thirteen other systematically important institutions (O-SIIs)
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25 January 2019: Notification by the German Federal Financial Supervisory Authority on one Global Systematically Important Institutions (G-SII)
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25 January 2019: Notification by the Austrian Financial Market Authority on nine Other Systematically Important Institutions (O-SIIs)
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16 January 2019: Notification by De Nederlansche Bank (Central Bank of the Netherlands) on systemic risk buffer and on five other systematically 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 was last updated on 14 August 2019.

Learn more

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 8 August 2019.