Notes on financial stability and supervision n. 36 | The strengthening of macroprudential buffers releasable in the countries of the European Economic Area

Here is a summary of the provided document:

Summary:

The recent utilization of anti-cyclical capital reserve and systemic risk reserve by national macroprudential authorities in the European Economic Area is analyzed in the document. These reserves are released to support the banking system during crisis periods, as seen during the pandemic in countries where they were established. The authorities have intensified the use of macroprudential reserves, taking advantage of the solid financial position of the banking system and high profitability. Notably, only four member states, including Italy, have not activated either of the two reserves.

Output Template:

Summary

The document analyzes the recent utilization of anti-cyclical capital reserve and systemic risk reserve by national macroprudential authorities in the European Economic Area.
These reserves are released to support the banking system during crisis periods, such as the pandemic.
Authorities have intensified the use of macroprudential reserves, benefiting from the solid financial position of the banking system and high profitability.
Four member states, including Italy, have not activated either of the two reserves.