On 28 April 2022, there was published in the Official Journal of the EU the Recommendation of the European Systemic Risk Board (ESRB) of 16 February 2022 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macro-prudential policy measures.

The framework on voluntary reciprocity for macro-prudential policy measures set out in Recommendation ESRB/2015/2 aims to ensure that all exposure-based macro-prudential policy measures activated in one Member State are reciprocated in other Member States. The latest Recommendation updates Recommendation ESRB/2015/2 in light of recent measures introduced by De Nederlandsche Bank and Lietuvos bankas and their requests to the ESRB for reciprocation of stricter measures.