Regulatory Alerts2021-07-02
CSSF Regulation No 21-02 of 30 June 2021 on the setting of the countercyclical buffer rate for the third quarter of 2021
The Commission de Surveillance du Secteur Financier (CSSF) sets the countercyclical buffer rate for Luxembourg at 0.50% for the third quarter of 2021. This decision follows the recommendation of the Systemic Risk Committee and aligns with the ECB's non-objection, maintaining the rate established on 1 January 2021. The CSSF determined that while the credit-to-GDP gap remains below the 2% activation threshold, ongoing credit growth to households warrants continued vigilance and the preservation of existing capital buffers.
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