Regulatory Alerts2020-10-07
CSSF Regulation No 20-06 of 30 September 2020 on the setting of the countercyclical buffer rate for the fourth quarter of 2020
The Commission de Surveillance du Secteur Financier (CSSF) sets the countercyclical buffer rate at 0.50% of Luxembourg risk-weighted assets for the fourth quarter of 2020. This rate, effective from 1 January 2021, is maintained as a precautionary measure despite the credit-to-GDP gap remaining below the 2% activation threshold. The decision follows recommendations from the Comité du risque systémique and considers ongoing credit growth dynamics and potential systemic risks.
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