The release of the buffer in the face of the uncertainty following the spread of Covid-19 is in line with the Council's approach. The Council has discussed the release phase and included considerations on different situations where the buffer could be released in its method paper.
In the recommendations, it is stated that the buffer has to be reduced with immediate effect if stress occurs in the financial system and there is a risk of severe tightening of lending to households and firms. Releasing the buff-  29 https://systemicriskcouncil.dk/news/2019/march/increase-of-the-countercyclical-capital-buffer-rate/. 30 https://systemicriskcouncil.dk/news/2019/october/increase-of-the-countercyclical-capital-buffer-rate/.