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The ABBL: Who we are, what we do

The ABBL: Who we are, what we do. 19 September 2011 Tom Théobald Editor & Press relations Secretary of the Board of Directors The Luxembourg Bankers’ Association. ABBL: Missions. Employers‘ representation Public relations & Policy Think tank & Knowledge platform.

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The ABBL: Who we are, what we do

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  1. The ABBL: Who we are, what we do 19 September 2011 Tom Théobald Editor & Press relations Secretary of the Board of Directors The Luxembourg Bankers’ Association

  2. ABBL: Missions • Employers‘ representation • Public relations & Policy • Think tank & Knowledge platform

  3. The ABBL and itsmembers • Universal banks (99) • Covered bonds issuing banks (3) • Public banks (2) • Other professionals of the financial sector(5) • Financial professions (4) • Ancillary activities to the financial sector (20) • Total: 132

  4. ABBL: Background 1939: Establishment of the ABBL (10 banks) 1947: First professional training courses 1960: Founding member of the European Banking Federation (EBF) 1968: First collective employment agreement 1980s: Increased lobbying activities 1990: Launch of the training institute IFBL 1992: Launch of the Banking Academy 1993: Active role in drafting the “banking law” (5 April 1993) 1994: Launch of the ASTF 2000: Launch of PROFIL 2001: ABBL opens membership to entities other than banks 2004: Promotion strategy: Luxembourg for Finance 2007: Launch of ABBL business line clusters 2005-today: increased activity in response to wave of European regulations

  5. The ABBL Network

  6. ABBL: Structure

  7. Organigramm

  8. ABBL Clusters

  9. Technical Committees

  10. Financial centre: A little bit of history • 1842: Luxembourg joins the German “Zollverein” • 1856: Establishment of the BCEE and BIL • 1862: Law allowing foreigners to deposit at the BCEE • 1893: First foreign bank in Luxembourg (Société Générale Alsacienne) • 1921: Economic union with Belgium • 1927: Creation of the Luxembourg Stock Exchange

  11. Financial centre: A little bit of history • 1934: Creation of a special authorisation for the profession of banker • 1939: Creation of the Luxembourg Bankers’ Association (ABBL) • 1940-44: Nazi occupation – foreign bank branches are closed, BCEE is liquidated, BIL & BGL taken over by German banks • 1945: Creation of Luxembourg’s first banking supervisory authority

  12. Financial centre: A little bit of history • 1960: Establishment of the European Banking Federation • 1963: World’s first Eurobond issued in Luxembourg – arrival of the first American banks • 1967: first European banking directive • 1971-1981: number of banks grows from 37 to 111 • 1983: Creation of the Luxembourg Monetary Institute (IML) • 1988: Luxembourg first in transposing UCITS directive

  13. Financial centre: A little bit of history • 1993: Banking law of 5 April 1993 • 1997: Law establishing covered bonds issuing banks • 2000-2010: Introduction of the euro, increased European harmonisation, Luxembourg laws diversifying activities of financial centre (PSFs, securitisation, pension funds, etc.)

  14. Banks today: At a glance • 143 banks from 24 countries • … of which 42 German banks • Balance sheet total: 778 billion € (Jul. 2011) • Employment: 26‘147 (Jun. 2011) • Over 13’000 cross-border employees in the banking sector • Contribution to GDP: 14% (2008) • Contribution to nat. employment: 12% (2008) • Contribution to tax revenues: 13% (2008)

  15. Banks: Categories • 3 general categories: • Universal banks • Covered bonds issuing banks • E-money institutions • Foreign banks: establish subsidiaries or/and branches in Luxembourg • Large majority of banks are universal banks: all-purpose banks authorised to exercise any type of banking activity (as defined by the banking law of 1993)

  16. Banks: Business models • Private banking / Wealth management • Depositary banking / Fund administration • Retail banking • Corporate banking • … While some banks specialise, other banks are active in all or a number of the above businesses

  17. Banks: Some statistics

  18. Banks: Some statistics

  19. Banks: Some statistics

  20. Banks: Some statistics

  21. Banks: Some statistics

  22. Thank you for your attention. Learn more at www.abbl.lu

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