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On 24 May 2011, the ABBL organised a conference on the new Basel III liquidity rules. On this occasion, the Luxembourg Central Bank (BCL) and the financial supervisory authority CSSF presented, for the first time, their joint impact assessment of the new liquidity rules on Luxembourg banks. A large audience, consisting of around 300 risk managers, compliance officers, treasurers and other concerned financial professionals, amply demonstrated that this issue is followed with great interest by the Luxembourg financial community. In his opening speech, Serge de Cillia, Member of the ABBL Management Board, provided an overview of the global impacts of the new liquidity rules as well as the more specific implications for financial markets and economies. It is clear that the new rules will...
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