Recognition of other Member States' countercyclical buffer rates

Finansinspektionen decides to recognize countercyclical buffer rates up to 2.5 per cent that are set by the designated authority of another EEA country. The firms concerned shall use these buffer rates to calculate their firm specific countercyclical capital buffers.

Therefore, as of the reporting that firms concerned shall do by 11 August 2015 at the latest and all reporting submissions thereafter, firms shall apply the currently applicable countercyclical buffer rate up to 2.5 percent set by the designated authority of another EEA country when calculating their firm specific countercyclical capital buffers.