Regulatory Alerts2023-12-29
CSSF Regulation No 23-06 on the Countercyclical Buffer Rate for Q1 2024
The Commission de Surveillance du Secteur Financier (CSSF) issued Regulation No 23-06 on 29 December 2023 to establish the countercyclical buffer rate for the first quarter of 2024. This regulatory act formally sets the specific capital buffer requirements applicable to financial institutions operating in Luxembourg during the specified period. The regulation ensures compliance with macroprudential oversight standards by defining the precise buffer rate to be applied in the upcoming quarter.
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