Liquidity Risk Management – CSSF Circular 09/403
On 15 June 2009, avantage Capita conducted a briefing event discussing practical issues in managing liquidity risk in Luxembourg credit institutions with a particular focus on the latest regulatory developments. This specifically addressed the issues faced by credit institutions in implementing CSSF Circular 09/403 issued on 28 May 2009.
The event comprised three presentations:
- The first was given by Frederic Gielen, Director, avantage Capita. Frederic provided an evaluation of the background and events that have led to the publication by the CSSF of CSSF Circular 09/403.
- This was followed by a presentation of survey results on liquidity risk management in Luxembourg credit institutions by Vincent Galand, Senior Consultant, avantage Capita SaRL.
- The third presentation was given by Nigel Walker, Head of the Liquidity Risk Management Practice, avantage Capita, and focused in detail on liquidity risk stress testing and the need to ensure that an institution’s liquidity risk appetite is sufficiently well defined to enable the results of stress tests to be evaluated and that day to day liquidity risk management decisions to mitigate identified exposures are driven from that evaluation.
The event concluded with a question and answer session involving the three speakers.
You can download a copy of the presentations here.
