ICAAP framework, expectations, impact and lessons learned
The May edition of Business Review reported on the PRiM conference "ICAAP and CSSF Circular 07/301: the framework, the expectations and the impact and lessons learned". Martin Clark of avantage Capita was one of the presenters and outlined the progress in implementation of ICAAP process and practical advice to Luxembourg banks.
On 7 April 2008, avantage Capita presented its experience on the ICAAP to a group of Luxembourg-based banks. Organised by PRIM Luxembourg, the event focussed on CSSF Circular 07/301 regarding the ICAAP.
The subject was introduced by Martin Flaunet, Partner, Deloitte, and Martin Clark, Director, avantage Capita Limited. They shared the key highlights of the new framework and its impacts on banks in Luxembourg and shared experiences from projects currently under way in a number of European jurisdictions. They then moderated a panel of Luxembourg Bankers and the CSSF who shared their experience with the audience.
The agenda was follows:
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Overview of the regulatory framework and CSSF's expectations (Martin Flaunet, Partner, Deloitte)
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Lessons learned: The ICAAP for banks based in Luxembourg (Martin Clark, Director, avantage Capita Limited)
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Panel discussion
Banque et Caisse d'Epargne de l'Etat : (J. C. Wilmes)
CSSF: (Claude Wampach)
Landesbank Berlin International S.A. (Elke Albers)
State Street Bank Luxembourg S.A. (Jean-Pierre Aventin)
4. Question and Answer Session
Download a copy of the presentation here.
Download a copy of the Business Review article here.
You may also like to read about the avantage Capita ICAAP survey of Luxembourg banks to determine their readiness to implement the requirements of the CSSF Circular 07/301 here.
