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Covid-19 crisis: overview of key measures and considerations for the Luxembourg financial sector

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Henri Wagner

Partner

Luxembourg

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Schmidt Carole
Carole Schmidt

PSL-Counsel

Luxembourg

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Aubry Baptiste
Baptiste Aubry

Senior Associate

Luxembourg

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07 May 2020

The volume and complexity of the crisis measures adopted in response to the Covid-19 outbreak present an unprecedented set of challenges for the financial sector in Luxembourg.

New measures are taken almost daily and impact a variety of obligations of financial institutions (prudential ratios, organisational rules, conduct of business rules, AML-CTF obligations, etc.). The A&O financial regulatory team provides a roadmap to help financial institutions to optimise their "regulatory management" of the crisis. At the same time, the team identifies potential longer-term impacts of those measures on the Luxembourg financial sector.   


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