Regulatory Alerts2024-01-25
CSSF Circular 24/851: Application of EBA Guidelines on Overall Recovery Capacity in Recovery Planning
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 24/851 to require financial institutions to apply the European Banking Authority’s guidelines on overall recovery capacity within their recovery planning processes. This directive mandates that supervised entities integrate the specified EBA standards into their operational frameworks to maintain adequate and accessible recovery resources. The circular establishes the regulatory compliance expectations for implementing these recovery planning requirements across the Luxembourg financial sector.
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