Regulatory Alerts2016-09-26
CSSF Regulation No 16-05 on the Setting of the Countercyclical Buffer Rate for the Fourth Quarter of 2016
The Commission de Surveillance du Secteur Financier (CSSF) issued Regulation No 16-05 on 26 September 2016 to establish the countercyclical buffer rate for the fourth quarter of 2016. This regulatory measure mandates the specific capital buffer requirements applicable to financial institutions operating within the jurisdiction during the specified period. The regulation serves to enhance the resilience of the financial sector against systemic risks associated with credit growth cycles.
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