Authors:
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
Abstract:
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.