Adoption Of EBA Guidelines On Liquidity Coverage Ratio Disclosure

On 18 January 2018, the Commission de Surveillance du Secteur Financier ("CSSF") released CSSF Circular 18/676 in relation to the adoption of the EBA Guidelines on Liquidity Coverage Ratio ("LCR") disclosure to complement the disclosure of liquidity risk management under Article 435 of the CRR¹, which the CSSF intends to follow in its capacity as competent authority under the Single Supervisory Mechanism.

The main purpose of the EBA Guidelines is to specify the general disclosure framework of risk management under Article 435 of the CRR in relation to liquidity risk by providing a harmonised structure for the disclosure of information required under Article 435, paragraph 1 of the CRR.