Regulatory Alerts2020-12-29
Added · Updated
CSSF Regulation No 20-11 of 29 December 2020 on the setting of the countercyclical buffer rate for the first quarter of 2021
The Commission de Surveillance du Secteur Financier sets the countercyclical buffer rate at 0.50% for relevant exposures located in Luxembourg for the first quarter of 2021. This decision, effective from 1 January 2021, follows the Systemic Risk Committee's recommendation to maintain the rate due to a credit-to-GDP gap exceeding the 2% activation threshold. The CSSF determined that continued credit cycle acceleration poses potential systemic risk, necessitating the retention of the buffer to ensure bank resilience.
More like this from CSSF
We email you every new CSSF publication the day it's published.
Topics
Share