In 2024, Luxembourg’s banking sector confirmed its resilience, posting net profits of EUR 7.2 billion (+10%) and stable employment, despite global instability. ABBL highlighted priorities in regulatory simplification and cybersecurity, warning against over-complex rules that hinder competitiveness. Key initiatives included support for the EU’s Digital Operational Resilience Act (DORA), fraud prevention tools, and proposals for smarter regulation aligned with the EU competitiveness agenda. With 25 new members, ABBL reinforced its role as the central voice of Luxembourg’s financial ecosystem, advocating for a balanced framework that ensures stability, fosters innovation, and protects consumers.
