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mercredi 12 décembre 2012

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LuxembourgforFinance: PwC Banking Day: Traditional but fashionable again

The results of the Luxembourg banks look more subdued compared to pre-crisis figures, but the situation is not all that negative. This is the analysis of Jean Guill during the 12th edition of the PwC Banking Day in Luxembourg. The Director General of the financial centre’s supervisory body (CSSF) painted quite an optimistic outlook. “Balance sheets have shrunk, capital requirements have increased, and liquidity problems have come to the forefront. All this, coupled with very low interest margins, means that banks’ profits are lower than they were a few years ago. Nevertheless, we also see that these figures are not going down but remaining stable”. Jean Guill, Director General of the National Supervisory Authority CSSF looked in the rear view mirror for a couple of...

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