Bank Havviland: Ende einer Ära?

It seems to me that the CSSF is starting to show more teeth recently after already revoking the license of Fuchs & Associe at the end of 2023. Banque Havilland certainly had their share of „weird“ headlines about them but a license revocation effectively puts over 130 employees on the street, which is quite a significant number to be added to the redundancies announced by UBS/Credit Suisse.

I know it’s a tough line to walk balancing regulatory oversight with competitiveness but Luxembourg and the CSSF should be careful to not over-regulate our financial industry into a major correction.