Principles / basic standards
The applied framework for liquidity surveillance is in alignment with the standards and decisions of the European Central Bank (ECB) and the rules issued by other international regulatory institutions competent in financial stability matters; i.e. the framework is in line with the recommendations of the Committee of European Banking Supervisors (CEBS) and the sound principles for liquidity risk management of the Basel Committee on Banking Supervision (BCBS).
For the purpose of liquidity surveillance, the Banque centrale cooperates at the national level with the other supervisory authorities of the financial sector, i.e. the Commission de Surveillance du Secteur Financier (CSSF) and the Commissariat aux Assurances (CAA).
In order to follow and participate in regulatory developments at an international level, the BCL is actively involved in working groups of the Basel Committee and of the European Banking Authority (EBA). Moreover, the BCL is a member of the Board of Supervisors at the EBA and participates as a supervisory authority in the tasks of the European Systemic Risk Board (ESRB).