Comité du risque systémique / Systemic Risk Committee
The BCL is in charge of the secretariat of the Systemic Risk Committee.
Legal framework
In conformity with article 127(2) and (5) of the Treaty on the Functioning of the European Union, the Banque centrale du Luxembourg (BCL), as a member of the Eurosystem, has the mission to define and implement the monetary policy of the Union and to contribute to the smooth conduct of policies pursued by the competent authorities relating to the prudential supervision of credit institutions and the stability of the financial system.
Hence, at the national level, the Banque centrale has been handed the mission to supervise liquidity risk of market operators by the law of 24 October 2008, in particular articles 2(4), 2(5), 27-2 et 34(1), amending the law of 23 December 1998 related to the monetary statute and to the Banque centrale du Luxembourg.
Basic principles for the liquidity supervision of market operators are outlined in the Banque centrale du Luxembourg Regulation 2009/N°4 adopted on 29 April 2009.
