Regulatory Alerts2023-01-02
CSSF Regulation No 22-08 on the Countercyclical Buffer Rate for Q1 2023
The Commission de Surveillance du Secteur Financier (CSSF) issued Regulation No 22-08 on 31 December 2022 to establish the countercyclical buffer rate for the first quarter of 2023. This regulatory measure supplements existing frameworks by formally setting the specific buffer requirements applicable to financial institutions during this period. The regulation ensures compliance with macroprudential standards aimed at mitigating systemic risks in the financial sector.
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