Detken, Carsten Weeken, Olaf Alessi, Lucia Bonfim, Diana Boucinha, Miguel M. Castro, Christian Frontczak, Sebastian Giordana, Gaston Giese, Julia Jahn, Nadya Kakes, Jan Klaus, Benjamin Lang, Jan Hannes Puzanova, Natalia Welz, Peter
Year of Publication:
ESRB Occasional Paper Series No. 5
European Systemic Risk Board (ESRB), European System of Financial Supervision, Frankfurt a. M.
This paper presents the analysis underpinning the ESRB Recommendation on guidance on setting countercyclical buffer rates (ESRB 2014/1). The Recommendation is designed to help authorities tasked with setting the countercyclical capital buffer (CCB) to operationalise this new macroprudential instrument. It follows on from the EU prudential rules for the banking system that came into effect on 1 January 2014.
countercyclical capital buffer banking regulation systemic risk