(AGENPARL) - Roma, 30 Gennaio 2026 - (AGENPARL) – Fri 30 January 2026 Press Release
BY THE COMMUNICATIONS DIRECTORATE
Rome, 30 January 2026
Decision to reciprocate a macroprudential measure adopted by Austria pursuant
to Recommendation ESRB/2025/10 of the European Systemic Risk Board
Recommendation ESRB/2025/10 of the European Systemic Risk Board (ESRB) invites the relevant
European Economic Area authorities to reciprocate a sectoral systemic risk buffer (sSyRB) of 1 per
cent of risk‑weighted exposures to non‑financial corporations operating in the construction and real
estate sectors and located in Austria, with the exception of limited-profit housing associations. The
measure, effective as of 1 July 2025, has been applied by Austria on a consolidated, sub‑consolidated,
and individual basis.
The Recommendation asks national authorities to reciprocate the Austrian measure; it permits an
exemption for banks whose relevant exposures (including those held through foreign subsidiaries)
are below a materiality threshold of €100 million per institution (de minimis principle). National
authorities reciprocating the measure may apply the recommended threshold, set a lower one, or
reciprocate the measure without any materiality threshold.
Banca d’Italia has decided to reciprocate the Austrian measure for exposures held by Italian banks
and banking groups. Credit institutions with exposures below €100 million at the consolidated level
shall be exempt; for credit institutions not belonging to groups, the threshold shall apply on an
individual basis.
As of 1 April 2026, credit institutions affected by the measure shall therefore hold the sectoral
systemic risk buffer on a consolidated, sub‑consolidated, and individual basis.
Media relations Division – Banca d’Italia