Circular CSSF-CPDI 25/48 is a CSSF circular, published 13 November 2025. Subject: Fonds de garantie des dépôts Luxembourg (FGDL) – Method for calculating the ex-ante contributions pursuant to Article 182 of the Law of 18 December 2015 on the failure of credit institutions and of certain investment firms.
\nLegal basis: Law of 18 December 2015 on the resolution and liquidation of banks and investment firms, Law of 18 December 2015.
\nRelevant for: Credit institutions.
\nKeywords: Deposit Guarantee Schemes.
\nCircular CSSF-CPDI 25/48 Fonds de garantie des dépôts Luxembourg (FGDL) – Method for calculating the ex-ante contributions pursuant to Article 182 of the Law of 18 December 2015 on the failure of credit institutions and of certain investment firms
\nIn case of discrepancies between the French and the English text, the French text shall prevail.
\nCircular CSSF-CPDI 25/48 Fonds de garantie des dépôts Luxembourg (FGDL) – Method for calculating the ex-ante contributions pursuant to Article 182 of the Law of 18 December 2015 on the failure of credit institutions and of certain investment firms To all credit institutions incorporated under Luxemburg law, to the branches of non-EU credit institutions, and to POST Luxembourg
\nLuxembourg, 13 November 2025 Ladies and Gentlemen, 1.
\nThis circular modifies the calculation method of annual contributions that the FGDL collects
\nin relation to the target level referred to in Article 179 of the Law of 18 December 2015 on the failure of credit institutions and of certain investment firms (the “2015 Law”) and in relation to the buffer of financial means referred to in Article 180 of the said law. Circulars CSSF-CPDI 16/01, 17/06, 20/21 and 23/34 are repealed. The provisions of this circular reflect some of the developments of the EBA Guidelines on methods for calculating contributions to deposit guarantee schemes (EBA/GL/2023/02) (“the EBA Guidelines”), which are applicable since July 2024. 2.
\nThe risk adjustment, as defined in Annex 1 of Circular CSSF-CPDI 16/01, remains applicable.
\nThe text is reproduced in Annex 2 of this circular with the following amendments : the weight of the ‘Return on assets’ risk indicator was increased from 7.5% to 10%, in line with the minimum weight from the EBA guidelines, the weight of the ‘Deposit-size Risk’ risk indicator was decreased from 15% to 12.5%, and the bounds of some risk indicators’ sliding scales were adjusted (cf. Table 2 of said Annex 2). 3.
\nParagraphs 67 to 70 of the EBA Guidelines suggest an update of the formula assigning an
\naggregate risk weight (“ARW”) for each aggregate risk score (“ARS”). This circular replaces the ARW calculation formula described in Circular CSSF-CPDI 20/21 with the formula recommended in the EBA Guidelines, which is provided in paragraph 8 of this circular’s Annex 2. 4.
\nUnder the apportionment method described in Circular CSSF-CPDI 20/21, the contribution
\nof each member institution comprises a part which is proportional to the variation of its covered deposits over the preceding year (« Component 1 ») and an add-on which does not depend on the variations of the covered deposits over the preceding year at member institutions of the FGDL (« Component 2 »). These components are retained, and this circular introduces a floor value, set at zero, for Component 1. Component 1 thus cannot be negative and compensate Component 2 in the calculation of the contribution for a member institution. This change is detailed in Annex 1 of this circular. 5.
\nThe new calculation methods, as defined in this circular, apply to the annual contributions
\ncollected by the FGDL from 2025 onwards. For any questions regarding this circular, please contact the CPDI (courriel : [email]). Yours sincerely,
\nPour le CPDI Claude WAMPACH Président du CPDI
\nAnnexes
\nAnnex 1: Details of the calculation method Annex 2: Calculation method of the risk adjustment factor
\nAnnex 1: Details of the calculation method 1.
\nIn view of a better readability of Annex 1, we call the available financial means referred to
\nby Article 179 of the 2015 Law “1st compartment” of the FGDL. The buffer of financial means provided for by Article 180 is referred to as “2 nd compartment”. The target level is set each year 0.8% of covered deposits as at 31 December of the preceding year.
\nThe text above is the opening of the document; the PDF carries the whole.
\nDocument page, PDF. Source: Commission de Surveillance du Secteur Financier (CSSF), reproduced with the CSSF's consent. The French text prevails.
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