Article 137

Path:
Capital Requirements Directive (CRD) > TITLE VII > CHAPTER 4 > Section II > Article 137
Title:
Article 137
Description: 
Recognition of countercyclical buffer rates in excess of 2,5 %
Main content: 

1.    Where a designated authority, in accordance with Article 136(4), or a relevant third-country authority has set a countercyclical buffer rate in excess of 2,5 % of the total risk exposure amount calculated in accordance with  Article 92(3) of Regulation (EU) No 575/2013, the other designated authorities may recognise that buffer rate for the purposes of the calculation by domestically authorised institutions of their institution-specific countercyclical capital buffers.

2.    Where a designated authority in accordance with paragraph 1 of this Article recognises a buffer rate in excess of 2,5 % of the total risk exposure amount calculated in accordance with Article 92(3) of Regu­ lation (EU) No 575/2013, it shall announce that recognition by publication on its website.  The  announcement  shall  include  at  least the following information:

(a)    the applicable countercyclical buffer rate;

(b)    the Member State or third countries to which it applies;

(c)    where the buffer rate is increased, the date from which the insti­ tutions authorised in the Member State of the designated authority must apply that increased buffer rate for the purposes of calculating their institution-specific countercyclical capital buffer;

(d)    where the date referred to in point (c) is less than 12 months after the date of the announcement under this paragraph, a reference to the exceptional circumstances that justify that shorter deadline for application.