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In the last few days, a certain amount of news - and more precisely the debacles of the Silicon Valley Bank (SVB) and Crédit Suisse banks - have shaken the confidence of the public and certain investors in the health of the banks and in the stability of the Luxembourg financial centre. For both banks, a distinction must be made between the intrinsic situation within the banks in question and the prudential supervision context.
Gilles Pierre, Head of Banking Regulation Financial Markets ABBL - The Luxembourg Banker's Association: “What happened in the two banks is very unlikely to occur in the EU or in Luxembourg because of the regulatory and supervisory differences.”
Intrinsic level
The American bank SvB was...
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