The ESRB publishes periodically two overviews of measures of macroprudential interest. National authorities are required to notify the ESRB of these measures under the Capital Requirements Directive (CRDIV), the Capital Requirements Regulation (CRR) and various ESRB recommendations.
The first overview includes all types of current and past measures. The second overview only includes currently active capital-based measures that apply to the systemically important institutions in a Member State.
National authorities should use the common ESRB/ECB/EBA notification templates when notifying the ESRB of macroprudential measures (including reciprocating measures).
Capital conservation buffer
The capital conservation buffer (CCoB) is a capital buffer consisting of 2.5% of a bank’s total exposures. It is met using an additional amount of Common Equity Tier 1 capital.
Countercyclical capital buffer
The countercyclical capital buffer (CCyB) is a macroprudential instrument designed to help counter pro-cyclicality in the financial system.
Systemically important institutions
Global systemically important institutions (G-SIIs) and, subject to national discretion, other systemically important institutions (O-SIIs) must fulfil supplementary requirements concerning the amount of Common Equity Tier 1 capital they are required to hold as a buffer.
Systemic risk buffer
The systemic risk buffer aims to address long-term, non-cyclical systemic risks that are not covered by the Capital Requirements Regulation.
Other macroprudential measures
Other macroprudential measures include those taken under Articles 124 and 164 of the Capital Requirements Regulation (CRR) to target systemic risks in the real estate sector. They also include macroprudential measures that are not harmonised by Union law.