Regulatory Alerts2017-06-26
CSSF Regulation No 17-02 of 26 June 2017 on the setting of the countercyclical buffer rate for the third quarter of 2017
The Commission de Surveillance du Secteur Financier (CSSF) issued Regulation No 17-02 to maintain the countercyclical buffer rate at 0% for relevant exposures in Luxembourg for the third quarter of 2017. This decision follows the recommendation of the Systemic Risk Board dated 29 May 2017 and is based on indicators showing no excessive credit growth, with the credit-to-GDP gap remaining negative. The regulation entered into force on 1 July 2017 and was published in the Mémorial and on the CSSF website.
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