ABBL - The Luxembourg Bankers' Association

𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘁𝗿𝘂𝘀𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀.

Behind every banking regulation lies a simple reality: 𝘁𝗿𝘂𝘀𝘁 remains the foundation of a well-functioning financial system.

This is why the ABBL has responded to the European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) consultation on the revised Joint Guidelines on the assessment of the suitability of members of management bodies and key function holders.

While fully supporting the objective of strong and credible governance, the ABBL also calls for a framework that remains 𝗽𝗿𝗼𝗽𝗼𝗿𝘁𝗶𝗼𝗻𝗮𝘁𝗲, 𝘄𝗼𝗿𝗸𝗮𝗯𝗹𝗲 and firmly anchored in the 𝗹𝗲𝗴𝗮𝗹 𝗺𝗮𝗻𝗱𝗮𝘁𝗲 established by European legislation.

Among the key messages highlighted in our response:

🔹 Governance 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 should not be reduced to a box-ticking exercise
🔹 𝗣𝗿𝗼𝗽𝗼𝗿𝘁𝗶𝗼𝗻𝗮𝗹𝗶𝘁𝘆 must remain a central principle, particularly for smaller institutions and subsidiaries within international banking groups
🔹 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝘀𝘂𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 should remain the cornerstone of board assessments
🔹 𝗦𝘂𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀𝘀𝗲𝘀𝘀𝗺𝗲𝗻𝘁𝘀 must be based on objective and verifiable facts
🔹 European financial institutions must continue to attract experienced, competent and diverse 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗽𝗿𝗼𝗳𝗶𝗹𝗲𝘀

As Sandrine Roux, Secretary General of the ABBL, notes:
“𝘌𝘧𝘧𝘦𝘤𝘵𝘪𝘷𝘦 𝘨𝘰𝘷𝘦𝘳𝘯𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰𝘵 𝘢𝘣𝘰𝘶𝘵 𝘮𝘶𝘭𝘵𝘪𝘱𝘭𝘺𝘪𝘯𝘨 𝘧𝘰𝘳𝘮𝘢𝘭 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘮𝘦𝘯𝘵𝘴. 𝘐𝘵 𝘪𝘴 𝘢𝘣𝘰𝘶𝘵 𝘦𝘯𝘴𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘢𝘵 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘪𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘪𝘰𝘯𝘴 𝘢𝘳𝘦 𝘭𝘦𝘥 𝘣𝘺 𝘤𝘰𝘮𝘱𝘦𝘵𝘦𝘯𝘵 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭𝘴 𝘤𝘢𝘱𝘢𝘣𝘭𝘦 𝘰𝘧 𝘦𝘹𝘦𝘳𝘤𝘪𝘴𝘪𝘯𝘨 𝘴𝘰𝘶𝘯𝘥 𝘫𝘶𝘥𝘨𝘦𝘮𝘦𝘯𝘵, 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘪𝘯𝘨 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴 𝘸𝘩𝘦𝘯 𝘯𝘦𝘤𝘦𝘴𝘴𝘢𝘳𝘺 𝘢𝘯𝘥 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘪𝘯𝘨 𝘵𝘰 𝘭𝘰𝘯𝘨-𝘵𝘦𝘳𝘮 𝘵𝘳𝘶𝘴𝘵 𝘪𝘯 𝘵𝘩𝘦 𝘌𝘶𝘳𝘰𝘱𝘦𝘢𝘯 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘴𝘺𝘴𝘵𝘦𝘮.”

The ABBL remains committed to supporting high governance standards while ensuring that future requirements strike the right balance between 𝗿𝗼𝗯𝘂𝘀𝘁 𝗼𝘃𝗲𝗿𝘀𝗶𝗴𝗵𝘁, 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗹𝗲𝗴𝗮𝗹 𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆.

Read the full article:
🔗 https://lnkd.in/eRTGfyM2

ABBL members can also access our full consultation response on internal governance:
🔗 https://lnkd.in/eyQCZH87

ABBL Banking Governance

𝗛𝗼𝘄 𝘄𝗶𝗹𝗹 𝘁𝗵𝗲 𝗥𝗲𝘁𝗮𝗶𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗮𝗻𝗱 𝗦𝗙𝗗𝗥 𝟮.𝟬 𝗿𝗲𝘀𝗵𝗮𝗽𝗲 𝘁𝗵𝗲 𝗳𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀?

Two major regulatory developments are set to transform the European investment landscape, impacting both product manufacturers and distributors across the financial sector.

On 𝟭𝟴 𝗝𝘂𝗻𝗲, the ABBL and Palana will bring together industry experts to explore the practical implications of the 𝗥𝗲𝘁𝗮𝗶𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 (𝗥𝗜𝗦) and the ongoing review of the 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 (𝗦𝗙𝗗𝗥).

Key discussion points will include:
🔹 What is changing under the Retail Investment Strategy and what does it mean for investment services?
🔹 Where do negotiations on SFDR 2.0 currently stand?
🔹 How can institutions adapt their product governance and distribution models?
🔹 What are the implications for transparency, investor protection and sustainable finance?
🔹 How can the industry turn regulatory change into a strategic opportunity?

The discussions will be moderated by Virginie Etienne (Palana) and Alexandre Dias (ABBL), with opening remarks from Benjamin Collette (Palana) and Marilyn Rinck (ABBL).

Speakers include: Jacopo Borgognone (European Banking Federation) | Monica Carlessi (Banque Internationale à Luxembourg) | Néféli Roupakia (Roupakia Law) | Vanessa Roger Grüneklee (Schroders Investment Management Europe) | Alexandra Merlino (Pictet Group) | Katrien Veranneman (Elvinger Hoss Prussen) | Francesco Cometa (European Investment Bank)

📅 18 June 2026
📍 Chamber of Commerce, Luxembourg
🕒 15:30 – 18:00, followed by a networking cocktail

👉 Register here:
https://lnkd.in/eq2V3JTU

InvestmentServices SustainableFinance Regulation