The countercyclical capital buffer (CCyB) is designed to counter procyclicality in the financial system. When cyclical systemic risk is judged to be increasing, institutions should accumulate capital to create buffers that strengthen the resilience of the banking sector during periods of stress when losses materialise. This will help maintain the supply of credit to the economy and dampen the downswing of the financial cycle. The CCyB can also help dampen excessive credit growth during the upswing of the financial cycle.
Please consult the respective national authorities’ websites for the most up-to-date information. The tables below will be updated after the ESRB has received official notifications of the measures (last updated: 16 January 2024).
The following map shows current CCyB rates set (i.e. after the 12-month phase-in period) in Europe:
The following table shows current CCyB rates as well as pending CCyB rates announced by designated authorities (new data are highlighted in red):