Supervision

ABBL, CSSF agree modernisation of banking supervision

CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken.
After completing a similar transition last year for the supervision of investment fund managers, Luxembourg’s financial supervisors, in close cooperation with bank sector representatives, now have adopted a major modernisation of its banking supervision by overhauling what is known as the Long Form Report. Both banks and supervisors see the new approach as a major step forward.
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