Search Results for Risk management

CSSF Feedback Report

Update of Circular CSSF 12/552, as amended by Circulars CSSF 13/563, 14/597, 16/642, 16/647, 17/655, 20/750, 20/759, 21/785, and 22/807, relating to central administration, internal governance and risk management

Update of Circular CSSF 12/552, as amended by circulars CSSF 13/563, 14/597, 16/642, 16/647, 17/655, 20/750, 20/759 and 21/785 on central administration, internal governance and risk management

Update of Circular CSSF 12/552, as amended by Circulars CSSF 13/563, 14/597,16/642, 16/647, 17/655, 20/750 and 20/759, on the central administration, internal governance and risk management

Central administration, internal governance and risk management

1) amending Guidelines EBA/2021/02 on customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions (‘The ML/TF Risk Factors Guidelines’) under Articles 17 and 18(4) of Directive (EU) 2015/849, and
2) introducing Guidelines on policies and controls for the effective management of money laundering and terrorist financing (ML/TF) risks when providing access to financial services under Directive (EU) 2015/849

IOSCO recommendations – Liquidity risk management for open-ended undertakings for collective investment

Following the thematic review on the use by UCITS of efficient portfolio management techniques (EPM), this publication concerns the main observations made by the CSSF together with the related recommendations and improvements. The review was focused on the regulatory provisions on revenues and costs / fees arising from these EPM techniques as well as the related controls in place at the level of the management companies.

Application of the Guidelines of the European Banking Authority on the criteria for the identification, evaluation, management and mitigation of the risks arising from potential changes in interest rates and of the assessment and monitoring of credit spread risk, of institutions’ non-trading book activities (EBA/GL/2022/14)

– Presentation of the main regulatory changes in risk management following the publication of CSSF Regulation No 10-04 and ESMA clarifications;
– Further clarifications from the CSSF on risk management rules;
– Definition of the content and format of the risk management process to be communicated to the CSSF

Amendment of Circular CSSF 20/750 on requirements regarding information and communication (ICT) and security risk management

Requirements regarding information and communication technology (ICT) and security risk management

Introduction of Circular CSSF 20/758 on central administration, internal governance and risk management, and repeal of Circular CSSF 12/552 for investment firms, as amended by Circulars CSSF 13/563, 14/597, 16/642, 16/647, 17/655 and 20/750, on central administration, internal governance and risk management

Update of Circular CSSF 08/338, as amended by Circulars CSSF 16/642 and 20/762, on the implementation of a stress test in order to assess the interest rate risk arising from non-trading book activities pursuant to Article 53-7(4) of the Law of 5 April 1993 on the financial sector

on central administration, internal governance and risk management

laying down detailed rules for the application of Article 42a of the Law of 13 February 2007 relating to specialised investment funds as regards the requirements in relation to risk management and conflicts of interest for specialised investment funds which are not referred to in the specific provisions of Part II of that law