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Professionals of the Financial Sector (PSF) in Luxembourg

A resilient sector

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Hot Topics for Professionals of the Financial Sector (PSF)

Luxembourg’s PSF industry has been thriving thanks to a political, legal and social stability. One of the most competitive economies worldwide and ranked among top financial centers in the world, Luxembourg’s financial industry provides a wide range of services and financial expertise to satisfy every client’s wish.

Luxembourg, your gateway to Europe

Professionals of the Financial Sector (PSF) in LuxembourgIdeally situated in the heart of Europe, Luxembourg is highly international, in terms of origin of PSF, clients, workforce and functions as a hub for European activities.

Its skilled multicultural and multilingual workforce lies at the heart of Luxembourg’s success and contributes to making Luxembourg the gateway to Europe for companies from all over the world.

Our multidisciplinary teams bring together specialists in the PSF industry to devise bespoke workable and innovative solutions to exactly match your needs.

Banks are not the only entities in Luxembourg which have access to finance activities. Access to financial sector professional activities is regulated by the financial sector law of 5 April 1993 as amended (“the Law”).

The Law has grouped numerous players together under the term Professionals of the Financial Sector (PSF). PSF, duly supervised by the Commission de Surveillance du Secteur Financier (CSSF), the financial supervisory authority, enjoy privileged access to the market for finance activities and are part of the highly sought after sphere of professional secrecy within the banking industry.

This privileged access does however have consequences in terms of governance, organisation, risk management and prudential oversight.

PSF are defined as regulated entities offering financial services, excluding the receipt of public deposits which is strictly reserved for credit institutions. As such, PSF encompass a wide range of financial and non-financial services. Indeed, in view of the requirements resulting from professional secrecy for the banking industry, many non-financial players have taken the steps needed to be PSF-accredited, authorising them to serve other players within the financial sector.

Related links

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    Family Offices and Wealth Management
    Presentation held during a conference done with the Luxembourg Association for Family Offices
  • PSF - Analysis of the industry in 2013 | Podcast
    Raphaël Charlier and Stéphane Césari provide an overview of the evolution of the PSF industry as they bring to light its current situation and the challenges and potential for the years to come.
  • ExternalURL
  • ExternalURL

Contact

  • Stéphane Césari
    Partner - PSF Leader

Publications

  • Professionals of the Financial Sector (PSF) in Luxembourg
    Overview and outlook of a resilient sector
  • Professionals of the Financial Sector (PSF) in Luxembourg
    At the heart of regulatory and tax environments
  • Our integrated Family Office services - Tailored to your needs
    Deloitte provides a central point of contact for family office services, coordinated by one team for a seamless approach that suits your family’s needs.
  • Family office survey - Measuring the market
    In light of the future supervision of the FO sector, we present the results and trends of our survey conducted on the family office market in Luxembourg.

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