The Andorran Financial Authority has published Technical Communication No. 7/2025-SF on the countercyclical capital buffer for the first quarter of 2026 as part of its macroprudential solvency framework. The communication is presented as relevant to a broad range of regulated firms, including banks, specialised non-bank credit financial institutions, investment firms and agencies, asset management companies, financial advisers and agents, collective investment scheme management companies, payment institutions, and electronic money institutions.
Andorran Financial Authority 2025-12-29
Andorran Financial Authority issues technical communication on the countercyclical buffer for the first quarter of 2026
The Andorran Financial Authority has issued Technical Communication No. 7/2025-SF on the countercyclical capital buffer for the first quarter of 2026 under its macroprudential solvency framework. The communication applies to a wide range of regulated entities, including banks, specialised non-bank credit financial institutions, investment firms, asset managers, financial advisers, collective investment scheme managers, payment institutions, and electronic money institutions.