Regulatory Alerts2025-02-25
CSSF Circular 25/873 on EBA Guidelines for Recovery Plans under Regulation (EU) 2023/1114
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 25/873 to implement the European Banking Authority's Guidelines on recovery plans under Articles 46 and 55 of Regulation (EU) 2023/1114. This circular mandates that supervised entities apply the specific requirements outlined in EBA/GL/2024/07 to their recovery planning processes. The document serves as the national regulatory framework for ensuring compliance with the updated European standards for financial recovery preparedness.
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