POLITICS & INSTITUTIONS - ECONOMY

Regulator recounts financial evolution with book & film



The grand duchy’s financial regulator marked its 75th anniversary with the premiere of a book and documentary film on Tuesday evening.

What is now the Luxembourg Financial Sector Supervisory Commission (CSSF) got started in 1945. To trace its role and the development of the country’s financial sector since then, the regulator undertook a pair of projects.

The book, “Surveillance, indépendance et intégrité. 75ème anniversaire du contrôle prudentiel et de la surveillance de la place financière au Luxembourg” (“Supervision, independence and integrity. 75th anniversary of the prudential control and supervision of the Luxembourg financial centre”) was published by the CSSF and the University of Luxembourg’s Centre for Contemporary and Digital History (C2DH).

The 80-minute documentary, “La surveillance de la place financière (1945-2020): une histoire inédite! D’Iwwerwaachung vun der Finanzplaz (1945-2020) – eng onerzielte Geschicht!” (“Supervision of the financial centre (1945-2020): an untold story!”) was underwritten by the CSSF, directed by Claude Lahr and produced by PTD-Paul Thiltges Distributions.

Today the financial sector makes up nearly a third of the country’s economy and employs roughly 50,000 people, the CSSF stated.

The event took place at the Luxembourg National Library (Bibliothèque nationale de Luxembourg) in Kirchberg.