Luxembourg’s financial supervisor said the country’s Law of May 5 2026 transposes Directive (EU) 2024/1619, known as CRD VI, and Directive (EU) 2024/2994, marking the most legally consequential banking development in this week’s regulatory cycle.
The Commission de Surveillance du Secteur Financier said the law amends Luxembourg’s Law of April 5 1993 and updates the framework for credit institutions and investment firms across internal governance, supervisory powers, sanctions, third-country branches, environmental, social and governance risks, cryptoasset risks, central counterparty concentration risk and counterparty risk in centrally cleared derivatives.