ABBL - The Luxembourg Bankers' Association

🛡️ 𝗙𝗿𝗼𝗺 𝗱𝗲-𝗿𝗶𝘀𝗸𝗶𝗻𝗴 𝘁𝗼 𝗲𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗔𝗠𝗟/𝗖𝗙𝗧 𝗿𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁

How can financial institutions manage financial crime risks effectively without unnecessarily restricting access to financial services?

On 25 November, ABBL, the CSSF and the Ministry of Justice will bring together authorities and financial-sector representatives to examine how a proportionate, risk-based approach can work in practice.

The discussion will look at:
🔹 what de-risking means, why it matters and how it can be avoided
🔹 FATF developments on proportionality, financial inclusion and the risk-based approach
🔹 AMLA’s emerging approach at European level
🔹 Luxembourg supervisory and policy considerations
🔹 how to translate the risk-based approach into effective ML/TF risk management
🔹 how authorities and the financial sector can work together on practical implementation
📅 Wednesday, 25 November 2026
🕘 09:00–12:00
📍 BGL BNP Paribas – Auditorium, Luxembourg
👥 Reserved for ABBL members
The objective is clear: move beyond de-risking by strengthening the quality of risk management, while preserving access to financial services.
👉 Register here: https://lnkd.in/eBaPzTH9
@ABBL | @CSSF | @Ministry of Justice | @BGL BNP Paribas
AML CFT RiskManagement FinancialCrime Luxembourg

𝗙𝗼𝘂𝗿 𝗽𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀 𝗮𝗿𝗲 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗕𝗕𝗟 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝗮𝗿𝘆 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗖𝗹𝘂𝘀𝘁𝗲𝗿.

Following the annual conference on 29 October, Brenda Bol, Chair of the ABBL Depositary Banking Cluster, discusses the priorities guiding the Cluster’s work:

🔹 setting standards
🔹 advocacy
🔹 innovation
🔹 talent

The interview looks at the concrete initiatives behind these four pillars, including the revision of the year-end asset-inventory guidelines, regulatory engagement on T+1, ESG and the proposed depositary passport, the role of AI and digitalisation, and the future depositary banking certification.

As Brenda Bol puts it:
“𝙍𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨 𝙖𝙛𝙛𝙚𝙘𝙩 𝙤𝙪𝙧 𝙥𝙧𝙤𝙘𝙚𝙨𝙨𝙚𝙨, 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮 𝙘𝙝𝙖𝙣𝙜𝙚𝙨 𝙝𝙤𝙬 𝙬𝙚 𝙬𝙤𝙧𝙠, 𝙖𝙣𝙙 𝙗𝙤𝙩𝙝 𝙧𝙚𝙦𝙪𝙞𝙧𝙚 𝙚𝙭𝙥𝙚𝙧𝙩𝙞𝙨𝙚. 𝙏𝙝𝙚 𝘾𝙡𝙪𝙨𝙩𝙚𝙧 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙨 𝙖 𝙛𝙤𝙧𝙪𝙢 𝙩𝙤 𝙖𝙙𝙙𝙧𝙚𝙨𝙨 𝙩𝙝𝙚𝙨𝙚 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙨 𝙩𝙤𝙜𝙚𝙩𝙝𝙚𝙧.”

👉 Read the full interview: https://lnkd.in/eciUsC8b

Brenda Bol | Hélène Lange | ABBL

DepositaryBanking AssetServicing Banking Regulation Innovation Talent ABBL

🤝 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗔𝗕𝗕𝗟 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆

Yesterday evening, we welcomed our newest members at the 𝗔𝗕𝗕𝗟 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝗥𝗲𝗰𝗲𝗽𝘁𝗶𝗼𝗻 𝟮𝟬𝟮𝟲.

And one thing became very clear: there is no single way to be part of the ABBL.

Our new members reflect the diversity of Luxembourg’s financial ecosystem, from banks and financial services firms to technology providers and professional services. This year’s group also includes 𝘁𝘄𝗼 𝗻𝗲𝘄 𝗯𝗮𝗻𝗸𝘀, further strengthening the breadth of expertise represented within our community.

Rather than presenting the ABBL from the stage, we invited participants to move around the room and tell us what matters most to them.

🔹 𝗜𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗲: having a voice in policy and regulatory discussions
🔹 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲: understanding developments and anticipating change
🔹 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗼𝗻𝘀: meeting peers, partners and decision-makers
🔹 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: working together on shared challenges

The same diversity emerged when we looked ahead: competitiveness and regulation, digitalisation and innovation, security and resilience, talent and sustainable growth all matter to our members.

That is precisely the strength of the ABBL. There are many reasons to get involved, many challenges to address and many ways to contribute. Whether through a Cluster, committee, forum, working group, event or collective initiative, there is room for different businesses, expertise and perspectives.

As Yves Stein highlighted in his welcome remarks, an association is only as strong as the engagement of its members. And yesterday’s exchanges showed a real appetite to 𝘀𝗵𝗮𝗿𝗲 𝗲𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲, 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗲 𝗶𝗱𝗲𝗮𝘀 𝗮𝗻𝗱 𝗵𝗲𝗹𝗽 𝘀𝗵𝗮𝗽𝗲 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸 𝗼𝗳 𝘁𝗵𝗲 𝗔𝗕𝗕𝗟.

Thank you to all our new members for joining us, and to Yves Stein, Ananda Kautz, Sandrine Roux and Sarah Odru for guiding the conversation throughout the evening.

If you would like to get involved in ABBL initiatives or find the right working group for your expertise, contact our Member Relations Team at member-relations@abbl.lu 📩

ABBL | Yves Stein | Ananda Kautz | Sandrine Roux | Sarah Odru | Paul Wilwertz | Arnaud Clément | Hélène Lange | Galina Miroshnichenko | Habiba Kobci | Anda Asaftei | Amandine Laurent | Alexandre Dias | Elisabeth Franssen | Jonathan Hug | Andrey Martovoy | Perrine Lenne-Schuler

ABBL NewMembers LuxembourgFinance Networking Collaboration

⚖️ 𝗣𝗮𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲 | 𝗙𝗿𝗼𝗺 𝗘𝗨 𝗿𝘂𝗹𝗲𝘀 𝘁𝗼 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻

On 11 November, ABBL and BDO Luxembourg brought together professionals from across Luxembourg’s banking sector to discuss the 𝗘𝗨 𝗣𝗮𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲 and its implementation in Luxembourg.

Marc Spautz, Minister of Labour, shared insights into the ongoing transposition process, including his intention to remain as close as possible to the Directive’s provisions, as well as the broader labour law agenda.

Following an overview of the Directive and ABBL’s key priorities presented by Elisabeth Franssen, the panel explored the practical implications for employers, including:

🔹 pay transparency during recruitment
🔹 job classification
🔹 employees’ right to information
🔹 data confidentiality
🔹 pay gap reporting

The discussions highlighted the importance of keeping the Directive’s original objective firmly in focus, namely ensuring equal pay between women and men for equal work or work of equal value.

From ABBL’s perspective, achieving this objective calls for a balanced and proportionate transposition, avoiding unnecessary gold-plating and disproportionate administrative burdens while ensuring that the new requirements remain practical and effective.

Thank you to Marc Spautz, 𝗡𝗮𝗱𝗶𝗻𝗲 𝗪𝗲𝗹𝘁𝗲𝗿 and Philippe Heck for their openness and constructive dialogue.

Our thanks also to Sabrina Bodson (Baker McKenzie), Laurent Derkum (Raiffeisen) and Veronika Stepanova (BIL) for sharing their expertise and practical perspectives during the panel discussion.

And thank you to BDO Luxembourg, in particular Karine Pontet Curtat and Sandra Claro, for the excellent collaboration in organising the event.

ABBL | BDO Luxembourg | Baker McKenzie | Banque Raiffeisen | Banque Internationale à Luxembourg (BIL) | Marc Spautz | 𝗡𝗮𝗱𝗶𝗻𝗲 𝗪𝗲𝗹𝘁𝗲𝗿 | Philippe Heck | Sabrina Bodson | Laurent Derkum | Veronika Stepanova | Karine Pontet Curtat | Sandra Claro | Elisabeth Franssen | Sandrine Roux | Jonathan Hug | Myriam Sibenaler

PayTransparency EqualPay BankingSector Luxembourg