Macroprudential measures – Finland

The Finnish macroprudential authority decided in June 2017 to introduce a measure under Article 458 of the CRR setting a minimum average risk weight level for house purchase loans secured by residential property located in Finland of 15% with effect from 1 January 2018. The measure applies to banks using the IRB approach to credit risk management.

The Czech National Bank does not reciprocate this measure, as the exposure of domestic banks to house purchase loans secured by residential property located in Finland is very limited. At the same time, 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, 26. 4. 2018