CSSF Announces CCyB Rate for Banks for Third Quarter of 2020
CSSF published Regulation No. 20-03 that sets out the countercyclical buffer rate for the third quarter of 2020 at 0.50%. This rate will be applicable from January 01, 2021. Annex 1 to the regulation lays out elements that have been considered in setting the applicable countercyclical buffer rate while Annex 2 presents the text of the Committee recommendation. The regulation shall come into force on the day of its publication in the Official Journal of the Grand Duchy of Luxembourg.
Related Link: Regulation No. 20-03 (PDF in French)
Keywords: Europe, EU, Luxembourg, Banking, CCyB, Regulatory Capital, Basel, Regulatory Capital
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