At the Heart of Europe's Financial Future

Banking & Capital Markets

Banking and capital markets

Banking beyond Banking: acting today, shaping tomorrow

In the ever-evolving landscape of global finance, Luxembourg has firmly established itself as a leading hub for Banking & Capital Markets. With its strategic location, robust regulatory framework, and deep pool of international expertise, the Grand Duchy offers a unique gateway for institutions looking to grow, innovate, and connect across Europe and beyond.

Home to 115+ credit institutions and a thriving ecosystem of investment firms, asset managers, and market infrastructure players, Luxembourg combines the stability of a mature financial center with the agility of a forward-thinking jurisdiction. Its alignment with EU directives, commitment to sustainable finance, and openness to digital transformation make it a jurisdiction of choice for banking, capital markets & payment players.

Banking is entering an era where value creation will depend as much on resilience, talent and technology as on traditional financial expertise. Looking beyond immediate regulatory requirements is essential for banks seeking to remain relevant, trusted, and future ready.

Julie Batsch, BCM Leader

Key Industry Challenges

From next-generation clients and invisible payments to sustainability as a strategic imperative — the forces reshaping what banking is for, and who it serves. 

DORA, cybersecurity, fraud detection, and data governance — the foundations that keep banks operating, trusted, and ahead of an accelerating threat landscape.

From board oversight and control effectiveness to financial crime prevention and tax governance, the focus is shifting from compliance alone to sustainable, risk-based decision-making.

Third-party risk, talent attraction, digital workplaces, and AI-readiness — how banks structure themselves to stay competitive, resilient, and attractive as an employer.

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One Sector, Many Profiles

Asset Service Providers (ASPs)

Luxembourg is the world's second-largest fund domicile, and its asset servicing ecosystem is at the heart of that success. We help ASPs navigate custody, administration, depositary obligations, and the evolving regulatory framework that governs them.

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Capital Markets

Luxembourg is a leading European capital markets hub, connecting issuers and investors across equity and debt markets. We help businesses navigate financing strategy, deal readiness, regulatory requirements, prospectus preparation, due diligence, and execution.

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Payments & Digital Assets

Luxembourg is a leading European hub for licensed payment and e‑money institutions, as well as digital asset players, attracting firms that need a credible regulatory passport to operate across the EU. We help them navigate CSSF licensing, PSD3/PSR compliance, AML obligations, and operational setup.

Discover more about PSD3 & PSR

Discover more about Digital Assets

Securitisation

Luxembourg's securitisation framework — anchored by the 2004 Securitisation Law — makes it one of the most attractive jurisdictions in Europe for structuring securitisation vehicles. We support originators, arrangers, and servicers across legal, tax, audit, and advisory dimensions.

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Managed Services

In the current challenging landscape, many banks face increasing difficulties in maintaining efficient non-core support functions. Managed Services offer a strategic solution to these challenges, providing not only cost reduction but also improved business continuity and flexibility.

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Banking Beyond Banking: What’s next?

Our banking poster brings together PwC specialists’ perspectives on the converging forces, from AI and resilience to regulation and talent, shaping tomorrow’s banking and capital markets landscape.

Video series

The Payments Coffee Break

Welcome to our "The Payments Coffee Break'', during which Philippe Förster, PwC EMI/PI Leader, invites a mix of market players and PwC experts to discuss a current hot topic for the Payments ecosystem, or trends that we observe and expect to pick up the pace in the near future.

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Contact us

Julie Batsch

Audit Partner, Banking and Capital Markets Leader, PwC Luxembourg

Tel: +352 62133 24 67

Lionel Nicolas

Advisory Partner, ASP Leader, PwC Luxembourg

Tel: +352 49 48 48 4172

Nenad Ilic

Tax Partner, Banking & Capital Markets Tax Leader, PwC Luxembourg

Tel: +352 62133 24 70

Olivier Delbrouck

Audit Partner, Banking Assurance Leader, PwC Luxembourg

Tel: +352 49 48 48 2630

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