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ARTICLE · 18 JUNE 2022

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Central Bank Update On Macroprudential Measures

Arthur Cox
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The Central Bank announced yesterday that it will gradually rebuild the CCyB to 1.5% to promote resilience in the banking sector, and to facilitate a sustainable flow of credit.

IrelandFinance and Banking
Arthur Cox
Arthur Cox
Robert Cain
Robert Cain
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Countercyclical Capital Buffer (CCyB)

The Central Bank announced yesterday that it will gradually rebuild the CCyB to 1.5% to promote resilience in the banking sector, and to facilitate a sustainable flow of credit. It has started by increasing the CCyB to 0.5%, and expects the CCyB to reach 1.5% by mid-2023. To reduce complexity, the Central Bank plans to rely on the CCyB as its primary macroprudential capital tool from now on, rather than on a combination of the CCyB and the systemic risk buffer.

Mortgage Measures Framework

The CCyB review is one of a number of elements of the Central Bank's macroprudential framework that are currently under review. Yesterday's Financial Stability Review 2022:1 re-confirmed that we can expect to see the outcome of its review of the mortgage measures framework in the second half of 2022. For more information on that review, read our briefing here: Mortgage Measures: Central Bank consults on potential 2022 changes. Key points

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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