Macroprudential measures – Sweden

The Swedish macroprudential authority is applying the following measures based on Art. 458 of Regulation (EU) No 575/2013:

• A credit institution-specific minimum level (floor) of 35 % for the exposure-weighted average of the risk weights applied to the portfolio of corporate exposures secured by mortgages on immovable commercial properties (properties physically located in Sweden owned for commercial purposes to generate rental income) and a credit institution-specific minimum level (floor) of 25 % for the exposure-weighted average of the risk weights applied to the portfolio of corporate exposures secured by mortgages on immovable residential properties (apartment buildings physically located in Sweden owned for commercial purposes to generate rental income, where the number of residences in the property exceeds three).

The Czech National Bank (CNB) has decided not to reciprocate these measures, as the relevant exposures of domestic banks do not meet the materiality threshold. The CNB also currently has no information indicating that this situation might change. However, the CNB will continuously assess the situation and stands ready to amend its decision if necessary.

Prague, 6 October 2023