2022-03-21

CSSF Circular 22/802 on the treatment of structural FX under Article 352(2) of Regulation (EU) No 575/2013

The CSSF issued Circular 22/802 to provide guidance on the treatment of structural foreign exchange positions under Article 352(2) of the Capital Requirements Regulation. This document aligns national supervisory expectations with the European Banking Authority's guidelines EBA/GL/2020/09 regarding the application of the 3% risk weight for structural FX exposures. It establishes the regulatory framework for credit institutions to manage and report structural FX risks in compliance with EU banking regulations.

Luxembourg

Commission de Surveillance du Secteur Financier

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Published on 21 March 2022

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CSSF circular

on the treatment of structural FX under Article 352(2) of Regulation (EU) No 575/2013 (EBA/GL/2020/09)

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