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, adding to the list of macroprudential measures to be reciprocated measures adopted by the macroprudential authorities of Belgium, Estonia, Finland, France and Sweden.

• 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 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)