Archives > 2008-12

The CSSF has this week published a press release relating to the Madoff case. The Commission de Surveillance du Secteur Financier (CSSF) informs having collected relevant data in order to analyze the impact of the Madoff fraud case on the Luxembourg financial sector. It has to be noted that it has not yet been possible to analyze this fraud case entirely due to its complexity. However, on basis of the information currently available, the CSSF notes that the Luxembourg credit institutions are slightly impacted by this case, the direct and indirect exposures being 160 million EUR. This...

Luc Frieden's answer on a recent parliamentary question relating to an article about the BCEE and Lehman Brothers is very worrying: He answers only one third of the question: insinuations with regard to Lehman. Nothing about the exposure as regards doubtful debts and nothing about the publication of the situation of the BCEE. Above all Luc Frieden's answer is based on work of the credit...

The Madoff case does not exist in Luxembourg... when observing officials and leaders' attitude. I find it interesting to observe that officials and leaders in Luxembourg keep silence despite...

Luxembourg is proud of the PSF certification to provide a secure and confidential processing of the data. To guarantee the confidentiality of their clients of the financial sector many...