Reciprocity

Measures to reciprocate

Overview of all buffer rates for application of the countercyclical buffer: BIS, ESRB

Estonia ‑ systemic risk buffer of 1 %: to be applied by Belgian credit institutions having exposures to the Estonian economy through their branches located in Estonia or having direct cross-border exposures in Estonia, with application of a materiality threshold of € 250 million. In accordance with Article 1, § 3 of the Regulation of the National Bank of Belgium of 24 February 2016 approved by Royal Decree on 20 May 2016, this measure will be applied as from 21 May 2019.

Finland ‑ A credit institution-specific minimum level of 15 % for the average risk-weight on loans secured by a mortgage on housing units in Finland applicable to credit institutions using the internal ratings-based (IRB) approach: to be applied by Belgian credit institutions having such exposures through their branches located in Finland or having such direct cross-border exposures in Finland, with application of a materiality threshold of € 1 billion. In accordance with Article 1, § 3 of the Regulation of the National Bank of Belgium of 24 February 2016 approved by Royal Decree on 20 May 2016, this measure will be applied as from 3 April 2018.

France - A tightening of the large exposure limit provided for in Article 395(1) of Regulation (EU) No 575/2013 to 5 percent of eligible capital , to be applied by Belgian global systemically important institutions (G-SIIs) and other systemically important institutions (O-SIIs) - at the highest level of consolidation of their banking prudential perimeter - which have exposures, through their branches located in France or by exercising direct cross-border activities in France, to highly-indebted large non-financial corporations having their registered office in France. This measure is subject to a combined materiality threshold. In accordance with Article 1, § 3 of the Regulation of the National Bank of Belgium of 24 February 2016 approved by Royal Decree on 20 May 2016, this measure will be applied as from 1 April 2019.
Further information on the measure can be found here.

Sweden - A credit institution-specific floor of 25 per cent for the average risk-weight on retail exposures to obligors residing in Sweden secured by immovable property, applicable to credit institutions using the internal ratings-based (IRB) approach: to be applied by Belgian credit institutions having such exposures through their branches located in Sweden or having such direct cross-border exposures in Sweden, with application of a materiality threshold of SEK 5 billion. In accordance with Article 1, § 3 of the Regulation of the National Bank of Belgium of 24 February 2016 approved by Royal Decree on 20 May 2016, this measure will be applied as from 21 May 2019.