ABBL - The Luxembourg Bankers' Association

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴’𝘀 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝘀𝗲𝗰𝘁𝗼𝗿 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝗶𝘁𝘀 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻?

This was the question at the heart of the latest ABBL 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗖𝗹𝘂𝘀𝘁𝗲𝗿 𝗼𝗳𝗳𝘀𝗶𝘁𝗲, held in collaboration with Deloitte 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴 as part of the Cluster’s work on the future of Luxembourg banking.

The ambition of this initiative is to create a shared perspective on where the sector stands today, how Luxembourg’s financial centre is perceived, and where collective action can help unlock new opportunities.

Opened by 𝗬𝘃𝗲𝘀 Yves Stein, 𝗖𝗵𝗮𝗶𝗿𝗺𝗮𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗕𝗕𝗟, 𝗮𝗻𝗱 Dave Sparvell, 𝗖𝗵𝗮𝗶𝗿𝗺𝗮𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗕𝗕𝗟 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗖𝗹𝘂𝘀𝘁𝗲𝗿, the workshop marked the first step in a collective reflection on the future competitiveness of Luxembourg’s banking sector.

Through open discussions and collaborative workshops, participants explored:

🔹 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴’𝘀 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝘀 𝗮𝗻𝗱 𝗱𝗶𝘀𝘁𝗶𝗻𝗰𝘁𝗶𝘃𝗲 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀, from its international ecosystem and financial expertise to its ability to connect public and private stakeholders.

🔹 𝗧𝗵𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗮𝗻𝗱 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝗽𝗵𝗮𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝘀𝗲𝗰𝘁𝗼𝗿, including AI, tokenisation, digital finance, talent and operational transformation.

🔹 𝗪𝗵𝗲𝗿𝗲 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝗰𝘁𝗶𝗼𝗻 𝗰𝗮𝗻 𝗰𝗿𝗲𝗮𝘁𝗲 𝘁𝗵𝗲 𝗴𝗿𝗲𝗮𝘁𝗲𝘀𝘁 𝗶𝗺𝗽𝗮𝗰𝘁, moving from individual initiatives towards shared solutions that strengthen the financial centre as a whole. 

This workshop was an important first step in a broader journey: building a common understanding, challenging assumptions and identifying the priorities that can support Luxembourg’s continued competitiveness.

The next phase will focus on moving 𝗳𝗿𝗼𝗺 𝘀𝗵𝗮𝗿𝗲𝗱 𝗱𝗶𝗮𝗴𝗻𝗼𝘀𝗶𝘀 𝘁𝗼 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗮𝗰𝘁𝗶𝗼𝗻, translating insights into concrete initiatives for the sector.

A sincere thank you to all participants for the openness, expertise and ambition they brought to the discussion, and to Deloitte 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴 for the methodology and facilitation.

Participants:
Gabriel de La Bourdonnaye | Steeve Gresse | Jerry Grbic | Fernand Lepage, CAMS | Laurent Marochini | Fulvio Pepe | Jacques PÜTZ | Claude Quintus, MBA, CMgr FCMI | André Roth | Isa Scheunpflug | Yves Stein | Ilker Tutu | Romain WEILER

Facilitators:
Maxime Aerts | Nicolas Chaperon | Arnaud Clément | Ananda Kautz | Patrick LAURENT | Pascal Martino | Justin Morel de Westgaver | Bertrand Parfait | Dave Sparvell

Deloitte organisation / support:
Silvia Andriolo | Quentin Clarenne | Deloitte 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴

ABBL

Innovation Banking Competitiveness Luxembourg FinancialCentre

Avaloq’s inaugural 𝗪𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗜𝗻𝗱𝗲𝘅 ranks 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴 𝟳𝘁𝗵 𝗮𝗺𝗼𝗻𝗴 𝟭𝟱 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝘄𝗲𝗮𝗹𝘁𝗵 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗰𝗲𝗻𝘁𝗿𝗲𝘀.

But the ranking tells only part of the story.

Luxembourg performs strongly in areas that are difficult to replicate quickly: 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻, 𝗱𝗲𝗺𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰𝘀 𝗮𝗻𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻. The next challenge is to turn those structural strengths into greater investment, innovation, market depth and sustainable growth.

In our latest interview, Geoffrey Dezoppy, Managing Director at Avaloq Luxembourg, and @Jerry Grbic, CEO of the ABBL, discuss what the findings reveal about Luxembourg’s competitive position and where the opportunities lie.

As Geoffrey Dezoppy puts it:

“𝘓𝘶𝘹𝘦𝘮𝘣𝘰𝘶𝘳𝘨 𝘩𝘢𝘴 𝘴𝘰𝘮𝘦 𝘷𝘦𝘳𝘺 𝘤𝘭𝘦𝘢𝘳 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘴, 𝘱𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘳𝘭𝘺 𝘪𝘯 𝘪𝘵𝘴 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵, 𝘥𝘦𝘮𝘰𝘨𝘳𝘢𝘱𝘩𝘪𝘤𝘴 𝘢𝘯𝘥 𝘥𝘪𝘨𝘪𝘵𝘢𝘭 𝘢𝘥𝘰𝘱𝘵𝘪𝘰𝘯. 𝘛𝘩𝘦 𝘰𝘱𝘱𝘰𝘳𝘵𝘶𝘯𝘪𝘵𝘺 𝘭𝘪𝘦𝘴 𝘪𝘯 𝘢𝘤𝘩𝘪𝘦𝘷𝘪𝘯𝘨 𝘢 𝘴𝘵𝘳𝘰𝘯𝘨𝘦𝘳 𝘣𝘢𝘭𝘢𝘯𝘤𝘦 𝘢𝘤𝘳𝘰𝘴𝘴 𝘢𝘭𝘭 𝘧𝘪𝘷𝘦 𝘱𝘪𝘭𝘭𝘢𝘳𝘴.”

For Jerry Grbic, the question goes beyond maintaining Luxembourg’s attractiveness:

“𝘛𝘩𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯 𝘪𝘴 𝘯𝘰𝘵 𝘴𝘪𝘮𝘱𝘭𝘺 𝘸𝘩𝘦𝘵𝘩𝘦𝘳 𝘓𝘶𝘹𝘦𝘮𝘣𝘰𝘶𝘳𝘨 𝘳𝘦𝘮𝘢𝘪𝘯𝘴 𝘢 𝘨𝘰𝘰𝘥 𝘱𝘭𝘢𝘤𝘦 𝘵𝘰 𝘤𝘰𝘯𝘥𝘶𝘤𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴. 𝘐𝘵 𝘪𝘴 𝘸𝘩𝘦𝘵𝘩𝘦𝘳 𝘸𝘦 𝘤𝘢𝘯 𝘵𝘳𝘢𝘯𝘴𝘭𝘢𝘵𝘦 𝘵𝘩𝘦𝘴𝘦 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘴 𝘪𝘯𝘵𝘰 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵, 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯, 𝘯𝘦𝘸 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘨𝘳𝘰𝘸𝘵𝘩.”

The discussion also looks at:
🔹 Luxembourg’s competitive advantages in wealth management
🔹 the role of regulation and technology
🔹 market depth and broader investor participation
🔹 what Luxembourg can contribute to Europe’s Savings and Investments Union
🔹 what can be learned from leading centres such as Singapore and the United States

👉 Read the full interview:
https://lnkd.in/eaPReTby

Avaloq | Geoffrey Dezoppy | Jerry Grbic | ABBL

WealthManagement Luxembourg Competitiveness Investment FinancialServices

𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗗𝗢𝗥𝗔 𝗹𝗼𝗼𝗸 𝗹𝗶𝗸𝗲 𝗼𝗻𝗰𝗲 𝘁𝗵𝗲 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗽𝗵𝗮𝘀𝗲 𝗶𝘀 𝗼𝘃𝗲𝗿?

Eighteen months after the regulation entered into application, Luxembourg’s financial sector is moving from compliance towards day-to-day operational resilience.

Recent coverage in the Lëtzebuerger Journal and Delano highlights an important shift: many ICT incidents originate beyond the financial institution itself, particularly with third-party providers. That makes resilience increasingly an 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲.

As Ananda Kautz, Member of the Management Board at ABBL, put it:
“𝘈 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘣𝘢𝘯𝘬 𝘪𝘴 𝘯𝘰𝘵 𝘰𝘯𝘦 𝘵𝘩𝘢𝘵 𝘯𝘦𝘷𝘦𝘳 𝘦𝘹𝘱𝘦𝘳𝘪𝘦𝘯𝘤𝘦𝘴 𝘢 𝘮𝘢𝘫𝘰𝘳 𝘪𝘯𝘤𝘪𝘥𝘦𝘯𝘵, 𝘣𝘶𝘵 𝘰𝘯𝘦 𝘵𝘩𝘢𝘵 𝘪𝘴 𝘢𝘣𝘭𝘦 𝘵𝘰 𝘥𝘦𝘵𝘦𝘤𝘵 𝘢𝘯𝘥 𝘤𝘰𝘯𝘵𝘢𝘪𝘯 𝘪𝘵, 𝘳𝘦𝘴𝘵𝘰𝘳𝘦 𝘪𝘵𝘴 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘪𝘦𝘴 𝘢𝘯𝘥 𝘭𝘦𝘢𝘳𝘯 𝘧𝘳𝘰𝘮 𝘸𝘩𝘢𝘵 𝘩𝘢𝘱𝘱𝘦𝘯𝘦𝘥.”

🤝 This is where cooperation can make a difference.

The ABBL’s 𝗺𝘂𝘁𝘂𝗮𝗹𝗶𝘀𝗲𝗱 𝗜𝗖𝗧 𝗮𝘂𝗱𝗶𝘁 𝗶𝗻𝘃𝗼𝗹𝘃𝗶𝗻𝗴 𝘀𝗶𝘅 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗟𝘂𝘅𝗧𝗿𝘂𝘀𝘁 shows how institutions can pool part of the process, reduce duplication and operational burden, while each bank retains full responsibility for assessing and managing its own risks.

The broader lesson is equally important: 𝘀𝗶𝗺𝗽𝗹𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗺𝗲𝗮𝗻 𝗹𝗼𝘄𝗲𝗿 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀. Better cooperation, greater standardisation and more proportionate approaches can strengthen resilience while improving efficiency.

👉 Read the full article:
https://lnkd.in/d5ftQy\_E

Ananda Kautz | Arnaud Clément | LuxTrust S.A. | ABBL | Camille Frati | Lex Kleren | Thierry Labro | Lëtzebuerger Journal | Paperjam

DORA OperationalResilience ThirdPartyRisk Banking Luxembourg

𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 & 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀
How is corporate and institutional banking evolving in Luxembourg?

To explore this question, the ABBL is launching a new 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 & 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀 series, bringing together the views of leading experts from across Luxembourg's banking sector on the trends reshaping corporate and institutional banking.

As Dr. Daniel Zapf, Chair of the ABBL Corporate & Institutional Banking Cluster and CEO of Deutsche Bank Luxembourg, explains:
"𝘓𝘶𝘹𝘦𝘮𝘣𝘰𝘶𝘳𝘨 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦𝘴 𝘵𝘰 𝘱𝘭𝘢𝘺 𝘢 𝘬𝘦𝘺 𝘳𝘰𝘭𝘦 𝘪𝘯 𝘤𝘰𝘳𝘱𝘰𝘳𝘢𝘵𝘦 𝘢𝘯𝘥 𝘪𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯𝘢𝘭 𝘣𝘢𝘯𝘬𝘪𝘯𝘨, 𝘯𝘰𝘵 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘢𝘯 𝘪𝘴𝘰𝘭𝘢𝘵𝘦𝘥 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵, 𝘣𝘶𝘵 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘢 𝘶𝘯𝘪𝘲𝘶𝘦 𝘤𝘰𝘮𝘣𝘪𝘯𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘢 𝘴𝘵𝘳𝘰𝘯𝘨 𝘦𝘤𝘰𝘴𝘺𝘴𝘵𝘦𝘮, 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺 𝘴𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺, 𝘢𝘯 𝘪𝘯𝘵𝘦𝘳𝘯𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘰𝘶𝘵𝘭𝘰𝘰𝘬, 𝘢𝘯𝘥 𝘢 𝘱𝘳𝘰𝘷𝘦𝘯 𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘰𝘱𝘦𝘳𝘢𝘵𝘦 𝘢𝘤𝘳𝘰𝘴𝘴 𝘣𝘰𝘳𝘥𝘦𝘳𝘴."

The series brings together 𝗿𝗲𝗮𝗹-𝗹𝗶𝗳𝗲 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀 from across the ecosystem, illustrating how banking is adapting in practice and how Luxembourg continues to support increasingly complex client needs.

At its core, this series is about one simple idea: showing 𝗵𝗼𝘄 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝗶𝘀 𝗲𝘃𝗼𝗹𝘃𝗶𝗻𝗴, 𝗳𝗿𝗼𝗺 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴, 𝗶𝗻 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲.

👉 Explore the series and discover the perspectives:
https://lnkd.in/eYc444gD

Dr. Daniel Zapf | Deutsche Bank | Hélène Lange | Anda Asaftei | 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗖𝗹𝘂𝘀𝘁𝗲𝗿

ABBL CorporateBanking InstitutionalBanking Luxembourg FinancialServices