Luxembourg is latest EU state to hike countercyclical buffer
In total, EU states hiked CCyB rates 13 times last year, up from six in 2017
Luxembourg’s financial watchdog imposed a 0.25% countercyclical capital buffer (CCyB) on domestic banks in December 2018, bringing the number of European Union member states with a rate higher than zero to 12.
At the end of last year, the Commission de Surveillance du Secteur Financier, raised the CCyB capital add-on from 0%, citing higher systemic risks in response to changing credit conditions for corporations and households. The new add-on will take effect from 2020.
In total, EU countries
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