Economics

Financial watchdog denies conflict of interest allegations

Luxembourg's financial regulatory body has denied allegations of a conflict of interest among its board members, whose firms are monitored by the watchdog.

13.09.2013

Luxembourg's financial regulatory body has denied allegations of a conflict of interest among its board members, whose firms are monitored by the watchdog.

The CSSF's rebuttal comes after Luxembourg not-for-profit Protinvest sent a letter to European Commissioner for Internal Market and Services Michel Barnier denoucing the Luxembourg financial sector's “poor corporate governance” as appointed by the Finance Minister.