Reciprocity

As part of the implementation of the Recommendation of the European Systemic Risk Board (ESRB) of 15 December 2015, as amended, on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures, the FMA conducts an annual analysis of the measures for which a request for mutual recognition has been made. In this context, the FMA reports on its actions taken in response to the recommendation or adequately justifies any inaction relating to its implementation to the ESRB.

The following table provides an overview of the respective measures and exceptions that apply in Liechtenstein: