European Systemic Risk Board

Accountability

Hearing at European Parliament on 23 September

Mario Draghi, Chair of the ESRB, speaks before the European Parliament’s Committee on Economic and Monetary Affairs and answers questions from its Members.

The hearing starts at 17:00 CET.

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

9 September 2019 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

17 September 2019 ACCOUNTABILITY

Recommendation on new ECB President

The European Parliament has recommended that Christine Lagarde succeed Mario Draghi as ECB President and therefore Chair of the ESRB. Ms Lagarde is expected to be formally appointed by the European Council in October and would take office on 1 November 2019.

17/07/2019: ESRB publishes EU Non-bank Financial Intermediation Risk Monitor 2019
ENGLISH
04/07/2019: The General Board of the European Systemic Risk Board held its 34th regular meeting on 27 June 2019
ENGLISH
17/06/2019: Advisory Scientific Committee publishes report on Exchange-Traded Funds
ENGLISH
04/06/2019: Report of the Advisory Scientific Committee on regulatory complexity
ENGLISH
01/04/2019: ESRB recommends EU-wide reciprocation of Sweden’s 25% risk-weight floor for mortgage loans
ENGLISH

All press releases

17/09/2019: Macroprudential policy spillovers and international banking - Taking the gravity approach
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17/09/2019: Inefficient fire-sales in decentralized asset markets
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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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БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
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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All publications

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
Details
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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18 September 2019: Notification by Magyar Nemzeti Bank (Central Bank of Hungary) on a change in scope of the systemic risk buffer (SyRB)
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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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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 18 September 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.