- The director
general of Luxembourg’s Commission de
Surveillance du Secteur Financier has outlined why
Luxembourg is best-placed to be the European hub for
China’s renminbi (RMB);
- He also explained
how supervision has changed since the crisis, and why
emerging markets should not be seen as competition for more
- During an interview
with IFLR, the director general said that separating banks
into different entities is not an answer to the right
The director general of
Luxembourg’s Commission de Surveillance du
Secteur Financier Jean Guill, and the
Commission’s international affairs counsel
Jean-Marc Goy, outline Luxembourg’s future as a
regional RMB hub and explain why investors have learned nothing
from the last crisis.
Can you tell me
more about the government-led initiative to establish
Luxembourg as a centre for renminbi?
Guill This seemed like a logical step,
considering that China is gradually making its currency...