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 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.