Regulatory Alerts2022-01-04
CSSF Circular 22/791 on Large Exposure Limits and Return to Compliance
The CSSF issued Circular 22/791 to specify criteria for assessing exceptional cases where institutions exceed large exposure limits under Article 395(1) of Regulation (EU) No 575/2013. The document outlines the required timeframes and measures for institutions to return to compliance pursuant to Article 396(3) of the same Regulation. This guidance aligns with the European Banking Authority's guidelines EBA/GL/2021/09 to ensure consistent regulatory oversight of large exposures.
Published on 4 January 2022
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CSSF circular
specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits of Article 395(1) of Regulation (EU) No 575/2013 and the time and measures to return to compliance pursuant to Article 396(3) of Regulation (EU) No 575/2013 (EBA/GL/2021/09)
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