A comprehensive guide - June 2026

Securitisation in Luxembourg

Insight
June 03, 2026

Securitisation continues to play a key role in supporting capital markets and enabling efficient risk transfer across Europe.

Growth is set to continue in the coming years as Luxembourg's Securitisation Law undergoes further modernisation, expanding its scope and increasing flexibility. This reflects Luxembourg’s proactive approach to assessing market needs and embedding them into the law.

In this guide, we present the basics of securitisation in general and in Luxembourg. In this year’s edition of the Comprehensive Guide, we have mainly updated Chapter 6 on Regulatory aspects. Notably, we have included the Savings and Investments Union (SIU), reworked the capital requirements for insurance companies, and explained the new EM3S segment of the Luxembourg Stock Exchange.

Luxembourg continues to be one of the two leading jurisdictions for establishing issuing vehicles. In 2025, 244 securitisation vehicles were created, bringing the total to approximately 1,711 by March 2026.

We expect this positive trend to continue, supported by the modernised Securitisation Law.

All these topics, and many more, are covered in the 15th edition of our reference guide for securitisation in Luxembourg.

1,711

Active securitisation vehicles in Luxembourg as of March 2026, reflecting sustained growth.

244

New securitisation vehicles created in Luxembourg in 2025, demonstrating continued market expansion.

141

Net growth in securitisation vehicles in 2025 after accounting for liquidations.

8,000

Estimated number of securitisation compartments and transactions currently active in Luxembourg.

Key figures

European securitisation issuance (in EUR billions)

European securitisation issuance by collateral type (in EUR billions)

Yearly evolution of Luxembourg securitisation vehicles

^{Source: PwC Analysis based on Luxembourg trade register, ECB statistics and CSSF figures}

Euro area countries for securitisation

^{Source: PwC Analysis based on Luxembourg trade register, ECB statistics and CSSF figures}

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Securitisation in Luxembourg: A comprehensive guide

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Contact us

Holger von Keutz

Assurance Partner, Securitisation Leader, PwC Luxembourg

Tel: +352 49 48 48 2383

Markus Zenz

Assurance Partner, Securitisation, PwC Luxembourg

Tel: +352 621 332 647

Luc Petit

Tax & Advisory Partner, Direct Tax, PwC Luxembourg

Tel: +352 62133 31 48

Chantal Braquet

Tax & Advisory Partner, Indirect Tax, PwC Luxembourg

Tel: +352 62133 41 46

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