Sector · Regulation

CSSF recognises need to improve cross-border cooperation

CSSF's office in Luxembourg. Photo: CSSF.

Luxembourg’s financial supervisor CSSF on Thursday acknowledged that there is 'some' room for improving its international cooperation with other supervisors after a peer review conducted by the EU’s securities markets authority found a number of shortcomings in the supervision of financial institutions that provide cross-border services to retail clients under the European passporting system.

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