Macroprudential measures – Germany

The 1% sectoral systemic risk buffer addresses all (retail and non-retail) exposures to natural persons and all exposures to legal persons which are both secured by residential property located in Germany and where that collateral is considered to reduce supervisory own funds requirements.

The Czech National Bank is not reciprocating this measure, as the relevant exposures of domestic banks is immaterial. However, the Czech National Bank will continue assessing relevant exposures  and stands ready to amend its decision if necessary.

Prague, 23 October 2025