Belgium simplifies capital buffers, increases CCyB by 25bp
Mortgage-specific measure to be folded into single, general buffer
The National Bank of Belgium is recalibrating its macro-prudential policy.
The central bank said it was increasing the counter-cyclical buffer (CCyB) from 1% to 1.25% in a press release on November 7. Although the measure is due to come into force on January 1, lenders will have until July 1 to build up the requisite capital levels.
The bank also said it was abolishing the mortgage-specific capital buffer, which it introduced in 2020. It said the measure had had a tangible effect on improving the
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