Regulatory Alerts2016-03-29
CSSF Regulation No 16-02 of 29 March 2016 on the setting of the countercyclical buffer rate for the second quarter of 2016
The Commission de Surveillance du Secteur Financier (CSSF) issued Regulation No 16-02 to formally set the countercyclical capital buffer rate for Luxembourg at 0% for the second quarter of 2016. This decision follows the recommendation of the Systemic Risk Board (CRS) dated 15 February 2016 and is based on documented indicators showing no excessive credit growth, with the credit-to-GDP gap remaining negative. The regulation entered into force on 1 April 2016 and mandates publication in the Mémorial and on the CSSF website.
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