Systemic risk buffer
The systemic risk buffer aims to address systemic risks of a long-term, non-cyclical nature that are not covered by the Capital Requirements Regulation. The buffer level may vary across institutions or sets of institutions. There is no maximum limit for this buffer, but depending on its level and the impact on other Member States, authorisation from the European Commission may be required.
The Capital Requirements Directive (CRD IV) sets out “accumulation” rules for combining the systemic risk buffer with buffers for systemically important institutions.
Notifications
- 03/07/2017
- Notification by Magyar Nemzeti Bank (the central bank of Hungary) on the activation of the systemic risk bufferLetter
- 01/06/2017
- Notification by Národná banka Slovenska (National Bank of Slovakia) on the systemic risk bufferLetter
- 05/05/2017
- Notification by the Ministry of Industry, Business and Financial Affairs on the activation of a systemic risk buffer in the Faroe Islands and the corresponding recommendation by the Systemic Risk Council of DenmarkRecommendation
- 28/12/2016
- Notification by Banca Naţională a României (National Bank of Romania) on the deactivation of the systemic risk buffer
- 27/09/2016
- Notification by Magyar Nemzeti Bank (the central bank of Hungary) on the timing of the implementation of the systemic risk buffer
- 26/09/2016
- Notification by Magyar Nemzeti Bank (the central bank of Hungary) on the modification of the timing of the systemic risk buffer
- 24/08/2016
- Notification by Česká národní banka (Czech National Bank) on intended changes to the systemic risk buffer
- 04/07/2016
- The ESRB publishes an updated overview of measures of macroprudential interest.
- 26/04/2016
- Notification by Eesti Pank on the systemic risk bufferAnalysis
- 18/11/2015
- Notification by the Austrian Financial Market Authority on the intended use of the systemic risk buffer
- 20/10/2015
- Notification by the Danish Ministry of Business and Growth on the yearly setting of the systemic risk buffer
- 12/10/2015
- Notification by Magyar Nemzeti Bank (the central bank of Hungary) on the intended use of the systemic risk buffer
- 04/06/2015
- Notification by Národná banka Slovenska (National Bank of Slovakia) on the identification of five other systemically important institutions (O-SIIs) and the intended use of the systemic risk buffer and the O-SII buffer in respect of the said institutions, and related documents
- 11/11/2014
- Notification by Bulgarian National Bank on the introduction of the capital conservation buffer and the systemic risk buffer and related annexAnnex
- 06/11/2014
- Notifications by Finansinspektionen of Sweden on a) the introduction of the capital conservation buffer and the countercyclical capital buffer with a shorter transitional period; b) the exemption of small and medium-sized investment firms from the requirement to maintain an institution-specific countercyclical capital buffer; and c) the intended use of the systemic risk buffer
- 24/10/2014
- Notification by the Danish Ministry of Business and Growth on the intended use of the systemic risk buffer
- 30/09/2014
- Notification by Česká národní banka (Czech National Bank) on the intended use of the systemic risk buffer
- 21/05/2014
- Notification of the intention to implement a systemic risk buffer by Eesti Pank of Estonia
- 29/04/2014
- Notification of the intention to implement a macroprudential measure by De Nederlandsche Bank (the central bank of the Netherlands)
- 16/04/2014
- Notification on the intended use of a systemic risk buffer by Hrvatska narodna banka (Croatian National Bank)