![CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken. CSSF's head office at Rue d'Arlon in Luxembourg. Photo: Raymond Frenken.](https://images.investmentofficer.com/cdn/ff/20f5lqpngbV6mEAUrstRIFf8egEqsW8yOZgpkbNDP9M/1720082250/public/styles/large/public/CSSF.jpg?itok=_JKDrEb9)
After completing a similar transition last year for the supervision of investment fund managers, Luxembourg’s financial supervisors, in close cooperation with bank sector representatives, now have adopted a major modernisation of its banking supervision by overhauling what is known as the Long Form Report. Both banks and supervisors see the new approach as a major step forward.
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