Reciprocity or the reciprocation of macroprudential policy measures adopted by relevant authorities of other Member States of the European Union should ensure that all exposure-based macroprudential policy measures activated in one Member State are reciprocated in others.
This increases the efficiency and consistency of macroprudential measures in EU Member States and contributes to equality in the single market. In December 2015, the ESRB adopted a Recommendation on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy (ESRB/2015/2) which aims to harmonise the procedures of voluntary reciprocity for macroprudential policy measures and reduce potential negative cross-border effects of macroprudential measures. The Croatian National Bank transposed the provisions of the Recommendation ESRB/2015/2 into Croatian legislative framework by adopting the Decision on the reciprocity of macroprudential policy measures adopted by relevant authorities of other European Union Member States and assessment of cross-border effects of macroprudential policy measures.
The existing Recommendation ESRB/2015/2 was amended several times, with the latest version of the list of macroprudential measures to be reciprocated containing measures adopted by the macroprudential authorities of Belgium, France, Sweden, Luxembourg and Norway.
- Decision on the Reciprocity of Macroprudential Policy Measures Adopted by Relevant Authorities of Other European Union Member States and Assessment of Cross-border Effects of Macroprudential Policy Measures (26.6.2017.)
(OG 60/2017)- Decision repealing the Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 16 July 2018 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2018/5)
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the designated authority of Germany and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2022/4 of 2 June 2022
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of Belgium and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2022/3 of 30 March 2022
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of Lithuania and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2022/1 of 16 February 2022
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of Netherlends and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2022/1 of 16 February 2022
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of Luxembourg and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2021/2 of 24 March 2021
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of Norway and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2021/3 of 30 April 2021
- Decision repealing the Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 8 January 2018 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2018/1) (OG 28/2021)
- Decision repealing the Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 24 June 2016 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2016/4) (OG 28/2021)
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of Sweden and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2019/1 of 15 January 2019 (11.7.2019)
- Decision on the non-reciprocity of the macroprudential policy measure adopted by the macroprudential authority of France and recommended for reciprocation by the European Systemic Risk Board under Recommendation ESRB/2018/8 of 5 December 2018 (11.7.2019)
- Decision on amendments to the Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 24 June 2016 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2016/4) (11.7.2019) (OG 66/2019)
- Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 16 July 2018 amending Recommendation ESRB 2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2018/5) (29.4.2019.) (OG 41/2019)
- Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 8 January 2018 amending Recommendation ESRB 2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2018/1) (4.5.2018.), (OG 41/2018)
- Decision on the reciprocity of the macroprudential policy measure referred to in the Recommendation of the European Systemic Risk Board of 24 June 2016 amending Recommendation ESRB 2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy
measures (ESRB/2016/4) (26.7.2017.), (OG 73/2017)