March 25, 2026
“Centralized supervision at the EU level will not unlock the capital Europe needs,” said Luxembourg finance minister Gilles Roth on Tuesday. Photo: ALFI.
The elephant in the room, centralized supervision, was impossible to avoid during the Association of the Luxembourg Fund Industry’s annual Global Asset Management Conference in Kirchberg on Tuesday. Though in favor of supervisory convergence, Luxembourg remains firmly against centralized supervision by Esma, the European securities and markets authority.
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