Releasing the buffers would enable banks to maintain their capacity to lend, thereby lowering the risk of a strong reduction in lending amplifying the initial shock. The systemic risk buffer targets specific sectors such as residential real estate. At the current juncture, it is important to preserve and build up resilience in the German banking system.
Consequently, it is crucial to anticipate negative effects for the financial sector at an early stage. Addressing potential climate risks should already be part of an effective risk management by CCPs. This should apply to all CCPs and not only those active in the commodity market.