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On 24 October 2013, the ABBL, in collaboration with the CSSF and ALRiM, organized a conference on the new CRR/CRD IV rules that will become applicable on 1 January 2014. A large audience, consisting of around 200 risk managers, compliance officers, treasurers and other concerned financial professionals, amply demonstrated that this issue is followed with great interest by the Luxembourg financial community. In his opening speech, Serge de Cillia, Member of the ABBL Management Board, provided an overview of the CRR /CRD IV package and summarized the forthcoming changes driven by the Banking Union, encompassing the Single Supervisory Mechanism (the SSM) placed under the responsibility of the ECB, the Single Resolution Mechanism coupled with the Directive on Bank Recovery and Resolution,...
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