Regulatory Alerts2015-07-31
Added · Updated
CSSF Regulation No 15-01 on the calculation of institution-specific countercyclical capital buffer rates
CRR institutions must calculate their institution-specific countercyclical capital buffer rate as the weighted average of the buffer rates applicable in the states where their relevant credit exposures are located. When a designated authority sets a buffer rate in excess of 2.5%, CRR institutions apply that rate if recognized by the CSSF or the relevant designated authority; otherwise, the rate is capped at 2.5%. This Regulation applies to CRR institutions and Luxembourg branches of third-country institutions, specifying the calculation methodology, relevant exposure classes, and effective dates for buffer rate changes.
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