Macroprudential measures – Sweden

The Swedish measure, applied in accordance with Article 458(2)(d)(vi) of Regulation (EU) No 575/2013 and imposed on credit institutions authorised in Sweden using the IRB Approach, consists of a credit institution-specific floor of 25 per cent for exposure-weighted average of the risk weights applied to the portfolio of retail exposures to obligors residing in Sweden secured by immovable property.

The Czech National Bank does not reciprocate this measure, as the exposure of domestic banks to retail exposures to obligors residing in Sweden secured by immovable property is very low. However, the Czech National Bank will continuously assess the volume of these exposures and stands ready to amend its decision if necessary.

Prague, 9 May 2019