top of page

News & Articles

“A ‘no’ uttered from deepest conviction is better and greater than a ‘yes’ merely uttered to please, or what is worse, to avoid trouble.” – Mahatma Gandhi

Search
  • Writer's pictureTracey McDermott

Luxembourg financial watchdog wants to give up sanction powers

Claude Marx, director general of CSSF, tells conference that regulator does not want power to fine companies.

Luxembourg's financial watchdog has asked politicians to remove its power to sanction or fine financial firms.

Claude Marx, director general of the Commission de Surveillance du Sector Financier (CSSF), told a conference the regulator had proposed a draft law that would instead give the power to sanction to an independent body

(Source: Luxembourg Times)

4 views

Recent Posts

See All

Let's make children's wishes come true! W4C 2021

Very proud to join this initiative for 2021!! Together let's make children's wishes come true! 20 November is International Children’s Day. First celebrated in 1954, the day draws attention to childre

Comments


Commenting has been turned off.
bottom of page