Macroprudential measures – Germany

The German designated authority set a Systemic Risk Buffer (SyRB) rate of 2% for all exposures (i.e. retail and non-retail) to natural and legal persons that are secured by residential real estate located in Germany. The SyRB entered into force in April 2022 and became applicable from 1 February 2023. The SyRB applies to  

1. credit institutions authorised in Germany and using the internal ratings-based approach for calculating their risk-weighted exposure amounts, and
2. credit institutions authorised in Germany and using the standardised approach for calculating their risk-weighted exposure amounts for exposures fully and completely secured by residential property

The measure is complemented by an institution-specific materiality threshold. Credit institutions may be exempted from the systemic risk buffer requirement if their relevant sectoral exposures do not exceed EUR 10 billion.

The Czech National Bank does not reciprocate this measure, as the exposure of domestic banks to natural and legal persons in Germany is low. The Czech National Bank currently has no information that this situation might change. However, it will continuously assess the situation and stands ready to amend its decision if necessary.

Prague, 1 August 2022