In order to examine the role of respectively credit risk and liquidity embedded in the current yield spreads across EMU countries, one may use prices on credit default swaps (CDS) to split up the yield spread between credit risk and liquidity. The fact that the price of a CDS approximately equals the credit risk premium of the underlying bond makes this possible.
The Bank has also been instrumental in the drafting of the list of indicators that must be used by the supervised institutions to identify and report unusual transactions to the Financial Intelligence Unit (MOT). Our commitment to deter and detect money laundering and terrorist financing amongst supervised institutions, has also been recognized and highlighted by the IMF.