Regulatory Alerts2022-07-04
CSSF Regulation No 22-03 Setting the Countercyclical Buffer Rate for the Third Quarter of 2022
The Commission de Surveillance du Secteur Financier issued Regulation No 22-03 on 30 June 2022 to establish the countercyclical buffer rate applicable for the third quarter of 2022. This regulatory act formally sets the specific buffer requirements that financial institutions must adhere to during this period. The regulation was published on 4 July 2022 to ensure timely compliance with the updated capital adequacy standards.
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