ILA Forum for Directors of Luxembourg Credit Institutions Focuses on Board Accountability, Corporate Governance

On 16-17 October 2019, the Banking Committee of the Institut Luxembourgeois des Administrateurs (ILA) launched its 7th annual Forum for Directors of Luxembourg Credit Institutions, hosted by KPMG Luxembourg.

On this occasion, board members and executives representing Luxembourg banks engaged with high-level speakers to discuss the priorities of the Commission de Surveillance du Secteur Financier (CSSF) and the European Central Bank (ECB), as well as the latest on-site inspection findings.

Senior industry leaders including Yves Maas (Crédit Suisse) and Arnaud Jacquemin (Société Générale) shared their insights on leading at a board level and combining strategic direction with regulatory compliance.

Through interactive discussions and debates, participants went on to exchange views on the evolution of remuneration regulations, digitalisation, IT risk and sustainable finance.

Michael Schweiger (Loyens & Loeff) led the two-day Forum and noted that: “It’s exciting to see the level of engagement amongst bank directors and the ongoing commitment from Claude Marx (CSSF) and Florian Narring (ECB) to improve corporate governance. An innovation to this year’s Forum was a case study exercise designed by the CSSF with participants presenting their findings directly to Karen O’Sullivan and Suzanne Weber (CSSF)”.