www.lff.lu - Thanks to its expertise and longstanding
experience in financial services, the Luxembourg financial centre
doesn’t need to hide behind Singapore or London. This was the principal
message of Ernst Wilhelm Contzen and Carlo Thill, re-elected President
and Vice President of the Luxembourg Bankers’ Association (ABBL)
Over the last 30 years, the
Luxembourg financial centre has constantly adapted to new regulatory
measures and legislation, and it will continue to do so in the future.
That applies not only for private banking, the sector Luxembourg is most
known and respected for, but also for the fund industry. Despite the
obstacles in the way to a sustainable financial centre, like Fatca for
instance, Thill is confident that Luxembourg can benefit from its past
experience. “I am sure that we can face the future optimistically”, he
said at the press conference on the occasion of the ABBLs’ general
meeting 2012. (source)
