More than 460 finance professionals attended today's record-breaking webinar on the changes introduced by the CRR3 / CRD6 banking package, organised jointly by the ABBL and the Commission de Surveillance du Secteur Financier (CSSF). We covered three key topics: 📌 The Output Floor 📌 The standardised approach and the IRB approach to credit risk 📌 Credit risk mitigation In particular, it has been made clear that 𝗯𝗮𝗻𝗸𝘀 𝘄𝗶𝗹𝗹 𝗳𝗮𝗰𝗲 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘁𝗼 𝗯𝗲 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗖𝗥𝗥𝟯/𝗖𝗥𝗗𝟲. The new approaches to credit risk, in particular real estate exposures, exposures to unrated institutions and uncommitted cancellable commitments, represent substantial changes. In addition, the implementation of CRR3/CRD6 will require banks to collect additional data and conduct a more thorough assessment of their internal procedures. The quality of our supervisory dialogue with the CSSF continues to bring immense value to the Luxembourg financial community and beyond. 🤝 Thank you to the speakers for the quality of the conference: Gilles Pierre, Alexandra Merlino, Davy Reinard and Mehdi Mabrouki, FRM! 👉 Don't miss the second part of the webinar, this Thursday! 🗓️ 𝗗𝗮𝘆 𝟮: 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀 𝗼𝗻 𝗖𝗥𝗥𝟯 / 𝗖𝗥𝗗𝟲 📅 Date: Thursday, July 4, 2024 🕙 Time: 10:00 - 12:00 📍 Location: Online 🔗 It is still possible to register! Register now: https://lnkd.in/evDrYDzT 𝑃𝑙𝑒𝑎𝑠𝑒 𝑛𝑜𝑡𝑒 𝑡ℎ𝑎𝑡 𝑡ℎ𝑖𝑠 𝑒𝑣𝑒𝑛𝑡 𝑖𝑠 𝑟𝑒𝑠𝑒𝑟𝑣𝑒𝑑 𝑓𝑜𝑟 𝐴𝐵𝐵𝐿 𝑚𝑒𝑚𝑏𝑒𝑟𝑠. We will be looking at : ✔️ Operational risk ✔️ Market risk ✔️ CVA risk ✔️ ESG risk ✔️ Governance / Fit and Proper Assessment Programme: 10:00 - 10:05: Welcome address by Gilles Pierre 10:05 - 11:00: CSSF presentation on Operational Risk, Market Risk, CVA Risk, ESG Risk and Fit and Proper - with Nicolas Bernon, Xavier Sans and Natalia Katilova 11:00 - 12:00: Q&A session with ABBL and CSSF experts We look forward to welcoming you!
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