Ethics and governance in the European Financial centers

An interesting conference took place in Luxembourg a few days ago.

It was organised by PRiM (the association of Risk Management Professionals in Luxembourg) in association with POG (the Personnel Officers' Group) and Hudson on a topic which is becoming of increasing importance : People Risk.

Unfortunately the critical point of the topic for Luxembourg was not on the agenda : why dishonest professionals in Luxembourg are knowingly hired and supported when ethical professionals are fired or repudiated in the recruitment process ?

This support of dishonest professionals was underlined by the CSSF in its annual report 2004 and is unfortunately still verified on the field in crossed public and official sources (judiciary and corporate registration) that are the visible part of the iceberg .

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