Clifford Chance
Coronavirus: Distribution policies of credit institutions
3 April 2020
The CSSF updated its FAQ on Covid-19 to clarify additional measures in light of the coronavirus pandemic, mainly as regards the dividend distribution policies of credit institutions.
The CSSF has clarified its policy as regards banks' distribution policies aimed at remunerating shareholders within its revised FAQ on Covid-19. The Luxembourg regulator intends to comply with the recent European Central Bank's recommendation on dividend distributions during the Covid-19 pandemic as well as the European Banking Authority's statement on dividends distribution, share buybacks and variable remuneration and provided inter alia the following additional guidance on the actions to be taken in this context.
