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COREP Guidance COREP Terms & Definitions CONTACT US CCyB Rates by Jurisdiction

Countercyclical Capital Buffer  (CCyB) Rates listed by Jurisdiction?

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7th February 2017

CCyB Rates by Jurisdiction

The Countercyclical Capital Buffer (CCyB) Regime will be phased-in alongside the capital conservation buffer between 1st January 2016 and the end of 201 8 and becomes fully effective on 1st January 2019.

It is noted that countries that might experience excessive credit growth over this transitional period will consider accelerating the build-up of the CCyB and capital conservation buffer.

Furthermore, jurisdictions may choose to implement alternative, larger countercyclical buffer requirements than those CCyB rates as set in the relevant jurisdiction.

For example, the Bank of England’s Financial Policy Committee (FPC) is tasked with setting CCyB rates for UK Firms and has set certain CCyB rates for Foreign Exposures  in jurisdictions such as Iceland, Czech Republic and Slovakia.

Basel Committee Members: CCyB Rates by Jurisdiction









































It should be noted that the Basel Committee on Banking Supervision (BCBS) informs that jurisdictional reciprocity is required only when it comes to internationally active banks in member jurisdictions.

See also:

The Countercyclical Capital Buffer is capital a firm will have to set aside in relation to exposure in other jurisdictions.

The new capital buffers - the Countercyclical Buffer and the Capital Conservation Buffer - took effect from 1st January 2016

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Jurisdiction

CURRENT CCyB rate

Effective Date

FUTURE CCyB rate (s)

Effective Date (s)

Argentina

01/04/2016

0.00%

n/a

n/a

Australia

01/01/2016

0.00%

n/a

n/a

Belgium

01/07/2016

0.00%

01/01/2017

0.00%

Brazil

42370

0.00%

n/a

n/a

Canada

n/a

n/a

n/a

n/a

China

n/a

n/a

n/a

n/a

France

30/12/2015

0.00%

n/a

n/a

Germany

01/01/2016

0.00%

n/a

n/a

Hong Kong SAR

01/01/2016

0.63%

01/01/2017

01/01/2018

1.250%

1.875%

India





Indonesia

23/05/2016

0%

21/11/2016

0.00%

Italy

01/01/2016

0.00%

n/a

n/a

Japan

31/03/2016

0.00%

n/a

n/a

Korea

31/03/2016

0.00%

n/a

n/a

Luxembourg

01/07/2016

0.00%

01/07/2017

0.00%

Mexico

07/04/2016

0.00%

n/a

n/a

Netherlands

12/04/2016

0.00%

25/10/2016

0.00%

Russia

01/06/2016

0%

n/a

n/a

Saudi Arabia





Singapore

n/a

n/a

01/01/2017

01/01/2018

0.00%

0.00%

South Africa

01/01/2016

0.00%

n/a

n/a

Spain

01/07/2016

0.00%

01/01/2017

0.00%

Sweden

27/06/2016

1.50%

19/03/2017

2.00%

Switzerland

n/a

n/a

n/a

n/a

Turkey

01/01/2016

0.00%

n/a

n/a

United Kingdom

05/07/2016

0.00%

n/a

n/a

United States

21/12/2015

0.00%

24/10/2017

0.00%

Non-Basel Committee Members: CCyB Rates by Jurisdiction

Jurisdiction

Current CCyB rate

Effective Date

Future CCyB rate

Effective Date

Norway

30/06/2016

1.50%

31/12/2017

2.00%