Regulatory Alerts2023-06-30
Added · Updated
CSSF Regulation No 23-02 on the setting of the countercyclical buffer rate for the third quarter of 2023
The countercyclical buffer rate applicable to relevant exposures located in Luxembourg remains set at 0.50% for the third quarter of 2023. This decision is based on a credit-to-GDP gap estimated at -8.9% in the first quarter of 2023, which is below the 2% activation threshold, alongside other indicators of systemic risk. The regulation enters into force on the day of its publication in the Journal officiel du Grand-Duché de Luxembourg.
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