As a leading global financial center, Luxembourg has enabled,
during the last years, many initiatives aimed at fostering and
developing AI solutions for the financial services industry. Those
inputs came from both the government and well-established private
and institutional actors such as the University of Luxembourg and
other representatives from the finance, banking and legal sectors.
More notably, the Luxembourg supervisory authority of the financial
sector, the Commission de Surveillance du Secteur Financier
("CSSF") monitors how artificial intelligence solutions
are likely to affect the financial sector in Luxembourg. In close
collaboration with actors from the Luxembourg financial sector, the
CSSF intends to anticipate and address forthcoming challenges,
which the financial services sector may have to deal with in
Luxembourg.
