Without going into the details of this survey, the results of which will be presented and discussed at the occasion of an ABBL conference scheduled to take place on 24th May, it is already clear that Luxembourg banking sector does on aggregate fall short of the required standards at the current juncture.
I draw five preliminary lessons from these results: first, the BCL working at home with the industry and abroad with standard-setting entities, needs monitoring the implementation of the upcoming liquidity standards during the observation period, and especially the LCR.