Denmark, Slovakia hike countercyclical buffers

The central banks of Denmark and Slovakia raised the countercyclical capital buffers (CCyB) applied to their domestic lenders to 2% in Q3, bringing the number of European Economic Area (EEA) member states to have increased the add-on year-to-date to eight.

The Danish watchdog announced its hike on October 1, citing a strong economy and low unemployment as justification. It will take effect on December 30, 2020. The regulator also said it was weighing an additional increase in the first quarter

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