Regulatory Alerts2016-06-09
Added · Updated
CSSF Regulation No 16-03 of 9 June 2016 on the setting of the countercyclical buffer rate for the third quarter of 2016
The Commission de Surveillance du Secteur Financier (CSSF) issued Regulation No 16-03 to formally set the countercyclical capital buffer rate for Luxembourg financial institutions at 0% for the third quarter of 2016. This decision aligns with the European Systemic Risk Board's recommendation and is based on documented indicators showing no excessive credit growth, with the credit-to-GDP gap remaining negative and well below the 2% reference threshold. The regulation entered into force on July 1, 2016, and mandates publication in the Mémorial and on the CSSF website.
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