Coronavirus (COVID-19): Working from home

Last week, the WHO has characterised COVID-19 as a pandemic. Given the exponential development of the disease, and the call by the Luxembourg and EU governments to limit circulation of people to the extent possible, the CSSF is urging financial institutions under its prudential supervision to favour working from home as part of their business continuity plans. As already mentioned in the communication of 2 March, satisfactory IT security conditions should be guaranteed and no prior authorisation is needed for such work arrangements.