Brussels, 30/06/2014 (Agence Europe) - On Monday 30 June, the European Systemic Risk Board (ESRB) issued recommendations for bank regulatory bodies on countercyclical capital buffers in periods of accumulated systemic risks.
The ESRB says: “The countercyclical capital buffer regime under Directive 2013/36/EU follows the principle of 'guided discretion'. According to this principle authorities responsible for setting the buffer rate combine a rules-based approach with the exercise of their...