Regulatory Alerts2016-04-12
CSSF Regulation No 16-01 on the Automatic Recognition of Countercyclical Capital Buffer Rates During the Transitional Period
The CSSF issued Regulation No 16-01 to automatically recognize countercyclical capital buffer rates set by other EU Member States up to a maximum of 2.5% during the transitional period. This measure implements the European Systemic Risk Board's recommendation to ensure consistent application of capital buffers while Luxembourg has not yet adopted its own transitional regime. The regulation is effective from April 1, 2016, through December 31, 2018.
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