Article 136 › 7

Each designated authority shall announce the quarterly setting of the countercyclical buffer rate by publication on its website. The announcement shall include at least the following information: (a) the applicable countercyclical buffer rate; (b) the relevant credit-to-GDP-ratio and its deviation from the long-tem trend; (c) the buffer guide calculated in accordance with paragraph 2; (d) a justification for that buffer rate; (e) where the buffer rate is increased, the date from which the institutions must apply that increased buffer rate for the purposes of calculating their institution-specific countercyclical capital buffer; (f) where the date referred to in point (e) 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; (g) where the buffer rate is decreased, the indicative period during which no increase in the buffer rate is expected, together with a justification for that period; Designated authorities shall take all reasonable steps to coordinate the timing of that announcement. Designated authorities shall notify each quarterly setting of the countercyclical buffer rate and the information specified in points (a) to (g) to the ESRB. The ESRB shall publish on its website all such notified buffer rates and related information.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04