While the Banque centrale du Luxembourg (BCL) has not yet formally adopted this measure in its role as a liquidity supervisor of the Luxembourg financial system, it is developing the framework necessary for the implementation of Basel III. I will describe its main components later.
In an internal study conducted by the BCL, the evolution of the LCR was evaluated based on a sample of banks that excludes less-relevant branches and covers the period spanning from 2003:Q1 until 2010:Q4. BIS central bankers’ speeches  3  Figure 1 The evolution of the LCR for Luxembourg’s banks, 2003q1 – 2010q4  Source: BCL calculations.