The custodial review entails: •  benchmarking services received from custodians against current world custodial service standards;  •  reviewing the current ratings of custodians against minimum ratings standards;  •  reviewing services required from custodians against the Bank’s business requirements; and  •  determining the capabilities of Custodians to provide ancillary services such as accounting, performance attribution, settlements and risk measurement and reporting.
  The Central Bank of Luxembourg is a member of the Islamic Financial Services Board (IFSB), a standard setter for financial stability.