Regulatory Alerts2020-04-15
CSSF Regulation No 20-01 of 15 April 2020 on the setting of the countercyclical buffer rate for the second quarter of 2020
The Commission de Surveillance du Secteur Financier (CSSF) sets the countercyclical buffer rate for relevant exposures in Luxembourg at 0.50% for the second quarter of 2020. This rate applies as from 1 January 2021 and is based on the recommendation of the Systemic Risk Committee, which cited converging credit-to-GDP gaps and potential systemic risks from excessive credit growth. The decision maintains the previous buffer level as a precautionary measure despite the credit-to-GDP gap remaining below the standard activation threshold.
Share