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ARTICLE · 31 MARCH 2020

Banking Regulation - Supervision Of Banking Groups

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The Law of 5 April 1993 on the financial sector, as amended ('Banking Act') – which implements, among others, Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013...

LuxembourgFinance and Banking
Loyens & Loeff
Loyens & Loeff
Adrien Pierre
Adrien Pierre

5.1 What requirements apply with regard to the supervision of banking groups in your jurisdiction?            

The Law of 5 April 1993 on the financial sector, as amended ('Banking Act') – which implements, among others, Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms (CRD IV) and Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate, as amended – contains provisions on:

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