Macroprudential measures – Belgium

In January 2016, the Belgian macroprudential authority decided to extend the validity of a measure activating Article 458 of the CRR by an additional year with effect from 28 May 2016 until 28 May 2017. This measure requires banks using the IRB approach to credit risk management to increase the risk weight for mortgage loans for purchase of residential property located in Belgium by 5 percentage points.

The Czech National Bank does not reciprocate this measure, as the exposure of domestic banks to mortgage loans for purchase of residential property located in Belgium is virtually zero. Domestic banks have no branches in Belgium. The Czech National Bank currently has no information that this situation might change. However, the Czech National Bank will continuously assess the volume of mortgage loans for purchase of residential property located in Belgium granted by domestic banks and stands ready to amend its decision if necessary.

Prague, 26 October 2016