Eurozone should look at raising capital buffers – ECB paper
Impact on growth of 50-basis point rise in counter-cyclical buffers would be limited, researchers say
Macro-prudential authorities in the eurozone need to consider raising their counter-cyclical capital buffers (CCyBs), according to a paper in the European Central Bank’s latest financial stability review.
Most eurozone countries introduced powers to impose CCyBs on financial institutions in the wake of the global financial crisis. But most authorities have not imposed any non-zero CCyBs on lenders, according to the paper’s authors, Matthieu Darracq Pariès, Stephan Fahr and Christoffer Kok
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