For the third time, the members of the Luxembourg Bankers’ Association (ABBL) have been invited to participate in a survey to assess the cost of compliance to financial regulations. As in 2014 and 2016, the survey has been conducted by ABBL and EY.
Banking sector regulatory matters spend in Luxembourg for 2020€548m*
Compounded annual growth rate of the regulatory investment cost per institution16%
Between 2015 and 2020
Highest AML spend for one bank of the mid size segment€1.7m
vs. €630k on average
Percentage of banks' total investment spent on regulation38%