Countercyclical Sample Clauses

Countercyclical capital buffer A countercyclical capital buffer will be implemented as a new instrument. The countercyclical capital buffer is a supplementary requirement for all banks’ and mortgage-credit institutions’ equity which must be implemented if loans from banks and mortgage-credit institutions grow substantially faster than the national economy as a whole. The buffer amounts to 0-2.5 per cent and can be further increased in extraordinary situations. It must contribute to ensuring that the institutions build up extra capital, in addition to the minimum requirements in years with high economic growth. Based on a proposal from the Danish FSA, the Minister for Business and Growth will be able to trigger and set the level of the countercyclical capital buffer. The setting of the countercyclical capital buffer must be based on total lending trends as a percentage of GDP, but could also include any other factors deemed relevant. The Minister for Business and Growth’s triggering and setting of the buffer can be based on a recommendation from the Systemic Risk Council. The framework for the countercyclical capital buffer will be phased in gradually so that the buffer can be set up to 0.5 per cent in 2015, 1 per cent in 2016, 1.5 per cent in 2017, 2 per cent in 2018 and 2.5 per cent in 2019. Buffer rates set in other countries in which Danish institutions have exposure will be recognised up to 2.5 per cent from 2015.
Sample 1
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Related to Countercyclical

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