Private Banking: Luxembourg’s next growth engine?

This Country focus analyses the role and place of private banking in the financial sector and the economy of Luxembourg. The refocusing phase that private banking is going through and the "first mover" strategy that Luxembourg seeks to put into place in this area of business have the potential to yield future growth in private banking. The Country Focus argues that private banking has a high potential for growth in Luxembourg and that with the right measures, it can overcome the effects of changing regulation despite a challenging regulatory.