The financial sector forms a major part of the economy in Luxembourg. The ABBL conducts regular survey amongst our members, providing valuable insights into the health of the banking industry. We have collected the most important data, from our own research and also from public sources such as the Luxembourg Central Bank, the CSSF and STATEC.
The ABBL supports research projects for the benefit of ABBL members, such as the research project about Trustworthy AI for instant AML due diligence, funded by ABBL Foundation for Financial Education and SnT of the University of Luxembourg, to resolve possible flaws in the reliability of artificial intelligence (AI) in the banking sector and to provide solutions to transaction monitoring.
The ABBL works with members for a better understanding of the market, through surveys and analysis on business lines (private banking, retail banking, depositary banking), on the employment, but also more generally on the impact of COVID on financial institutions. Certain more specific surveys allow us to better define the priorities of the sector, for example the impact study for the implementation of Basel IV, or on the adoption of cloud computing and Distributed Ledger Prototype.