(Finance) – La Bank of Italy has decided not to recognize one measure macroprundential requested by Belgian central bank to the European Systemic Risk Committee (ESRB). “The exposures from the banks Italian The risks indicated by the Belgian Authority are negligible “, explained the institute of via Nazionale in a note, but has ensured that” it will continue to carry out periodic checks on the exhibitions of Italian intermediaries towards Belgium and will be able to modify this decision if the circumstances they should request it “.
The request of the Belgium Central Bank dates back to last July and provides for the consolidated, sub-consolidated and individual application of one capital reserve in the face of systemic risk equal to 6% of activity pondarate (RWA) relating to exhibitions towards natural persons guaranteed by residential properties located in Belgium and belonging to banks that use internal models for the evaluation of the credit risk.
THE’ESRB He had invited the authorities of the Member States to apply the consolidated, sub-consolidated and individual requirement. The recommendation allows you to exempt the entities for which the exposures concerned are lower than 2 billion euros of weighted activities and not to introduce the measure if all intermediaries have exhibitions lower than that threshold.