On 3 July 2024, the European Systemic Risk Board (ESRB) published a summary compliance report which provides a second assessment of implementing actions taken, following ESRB Recommendation on guidance for setting countercyclical buffer rates. The report assesses compliance with the Recommendation based on submissions to the ESRB Secretariat using a dedicated template. The report finds that the overall level of compliance with the Recommendation remains high and that the ESRB will conduct a follow up assessment in three years’ time.