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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 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.
1. Background
The Basel Committee introduced in December 2010 two quantitative metrics: the Liquidity Coverage Ratio (the LCR) and the Net Stable Funding Ratio (the NSFR). The LCR aims at strengthening banks short-term...
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