The ABBL’s missions are three-fold:
Services to members
The ABBL, via its technical committees and its working groups, provides technical and strategic input for the benefit of its members and the Luxembourg financial industry as a whole. As such, it acts as a centre of competence and as a platform for the exchange of ideas. The ABBL also develops professional recommendations and guidelines for its members, including a code of conduct.
In terms of communication, the ABBL, besides remaining in permanent contact with the national press, anticipates political, economic and social developments in Luxembourg and at European level, promotes the financial sector in Luxembourg society and provides information to the sector’s public. It thus formulates opinion papers and proposals on legislation, taxation, and banking regulation at national, European and international levels.
The ABBL represents and assists its members in social matters. Thus, it regularly negotiates working and salary conditions in the financial sector via a collective bargaining agreement. It also officially represents the financial industry in various Social Security institutions. The ABBL is a founding member of the Luxembourg Employers’ Association (UEL), the representative body of all Luxembourg employers.
Through the Training Institute in Banking (IFBL), the association also provides training programmes adapted to the needs of banks. These include professional development programmes of different levels, accelerated language courses, seminar programmes on a range of subjects and professional banking training courses aimed at various levels of qualification and international levels.