Macroprudential measures
Macroprudential measures aim to increase the financial system’s resilience to shocks by addressing identified systemic risks. Macroprudential authorities monitor the financial system, identifying risks and vulnerabilities, and implement measures to ensure financial stability.
Under the Single Supervisory Mechanism (SSM) Regulation (Council Regulation (EU) No 1024/2013), the ECB is responsible for assessing macroprudential measures adopted by national authorities in the countries participating in European banking supervision.
If necessary to address risks to financial stability, the ECB has the power to apply more stringent measures than those adopted nationally. These powers are based on Article 5 of the SSM Regulation and Article 13h of the Rules of Procedure of the ECB.
Measures taken since 1 January 2026 by macroprudential authorities in countries participating in European banking supervision
Last updated: : 31 March 2026
Countercyclical capital buffer (CCyB) – Article 130 of the Capital Requirements Directive
- In March 2026, Bulgaria announced an increase of the CCyB rate to 2.25%, effective as of 1 April 2027.
Capital buffers for other systemically important institutions (O-SIIs) – Article 131 of the Capital Requirements Directive
- In February 2026, Italy announced an increase of the O-SII buffer rate for one institution. Furthermore, one additional institution was designated as an O-SII. These changes are effective as of 1 April 2026.
Systemic risk buffer (SyRB) – Article 133 of the Capital Requirements Directive
In January 2026, Malta announced an extension of the scope of the existing sectoral SyRB, originally applied to all retail exposures secured by residential property, to include all exposures secured by immovable property in Malta. The change will be effective as of 30 June 2026.
Overview of macroprudential measures implemented in countries participating in European banking supervision that the ECB has been notified of
Below is a list of all the macroprudential measures that have been implemented or publicly announced in countries participating in European banking supervision and notified to the ECB.
Overview of measures notified to the ECB under Article 5 of the SSM RegulationLast updated: 31 March 2026
Other systemically important institutions: scores under ECB floor methodology
The ECB is following a floor methodology to assess O-SII buffer levels notified by the national authorities. The floor methodology was enhanced in 2024 to include the banking union perspective. Below are the O-SII scores from the banking union perspective, based on data as at the end of 2024.
Other systemically important institutions: scores under ECB floor methodology
Other systemically important institutions: scores under ECB floor methodology