(AGENPARL) - Roma, 8 Novembre 2024 - (AGENPARL) – ven 08 novembre 2024 Press Release
By the Communications Directorate
Rome, 8 November 2024
Decision not to reciprocate a macroprudential measure adopted by Denmark pursuant to
Recommendation ESRB/2024/3 of the European Systemic Risk Board (ESRB)
Recommendation ESRB/2024/3 of the European Systemic Risk Board (ESRB) invites the relevant
European Economic Area authorities to reciprocate a macroprudential measure adopted by
Denmark to limit risks stemming from the real estate market of that country.
The measure introduces a systemic risk buffer (SyRB) equal to 7 per cent of risk-weighted assets
relating to exposures, both guaranteed and non-guaranteed, to Danish non-financial
corporations operating in the real estate sector and in real estate development projects.
The recommendation asks the authorities of European Economic Area countries to adopt similar
measures for banks in their respective jurisdictions and permits exemptions for institutions
whose relevant exposures are below €200 million or allows countries not to adopt the measure if
all banks have exposures below this threshold.
The exposures of Italian banks to the risks outlined by the Danish macroprudential authority are
negligible. Therefore, the Bank of Italy has decided not to reciprocate the measure; however, it
will continue to carry out periodic assessments on Italian banks’ exposures to Denmark and may
modify this decision if circumstances so require.
Media Relations Division – Banca d’Italia