The new CSSF liquidity risk regulatory regime (CSSF Circular 09/403)
On 29 October 2009, avantage Capita conducted a briefing event discussing practical issues in implementing the new CSSF liquidity risk regulatory regime (CSSF Circular 09/403) as well as anticipated future developments which may impact the new regime (Basel Committee on Banking Supervision, European Commission and CEBS, etc.).
The event began with a discussion of the International and European regulatory developments and trends in liquidity risk management by Marco Lichtfous, Advisor, Prudential Supervision Department, Banque Centrale du Luxembourg.
This was then followed by an overview of the new CSSF Liquidity Risk Regulatory Regime (CSSF Circular 09/403) by Vincent Galand, Senior Manager, avantage Capita SàRL and Nigel Walker, Head of the Liquidity Risk Management Practice avantage Capita Limited who highlighted implementation issues and the challenges that the new liquidity risk regime poses in practice, with some handy tips on how to meet these challenges (e.g., risk appetite, stress testing, and intra-group transactions)
The event concluded with a question and answer session involving the speakers, who answered questions from attendees.
You can download a copy of the avantage Capita presentation here.
