Regulatory Alerts2016-09-26
Added · Updated
CSSF Regulation No 16-05 on the Setting of the Countercyclical Buffer Rate for the Fourth Quarter of 2016
The regulation maintains the countercyclical buffer rate applicable to relevant exposures located in Luxembourg at 0% for the fourth quarter of 2016. This decision is based on documented elements including a credit-to-GDP ratio of 92.6% and a deviation of -10.1% from the long-term trend, which do not indicate excessive credit growth. The regulation enters into force on 1 October 2016 and is published in the Mémorial and on the website of the Commission de Surveillance du Secteur Financier.
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