Annual Report - paperJam

Retail Banker
The training course newly introduced in 2010 for
retail bankers in Luxembourg follows exactly the
same logic. Designed in close cooperation with
the ABBL’s Retail Banking Group, this training is
designed to impart robust knowledge and skills in
retail banking and also to create a genuine quality
label for retail banking professionals. Strategically,
the ultimate objective is to help, through this professionalisation
of the retail banking activity,
to strengthen and even enhance the reputation
of our financial centre.
The social dimension: the IFBL as
a partner of the Luxembourg State
At the request of the Luxembourg Ministry
of Labour, the IFBL has adopted a resolute
commitment in 2010 to fields which extend
well beyond the framework of training as such.
The Institute was, for example, involved in the
Fit4Job project whose aim was to evaluate,
accompany and train persons who have lost
their jobs in the financial sector. Thanks to this
project, the Institute was able to broaden its
field of action and is now in a position to offer a
dependable, efficient and professional platform
for the financial centre to permit exchanges between
jobseekers and employers in the financial
sector. Applications addressed to the Institute
by the public authorities and by individual establishments
in our centre prove that the path that
we have decided to follow is the right one and
meets a real need.
New focus on external visibility
To mark the broadening of its activities, the
Institute decided to update its own name (with
the transition from “Luxembourg Institute for
Training in Banking” to the more universal
and less restrictive term “The Institute”) and
visual identity on the occasion of its twentieth
anniversary.
The Institute’s catalogue has been restructured
to make it easier for readers to follow. In the
same spirit, the website is undergoing a complete
review and will be put online in early 2011.
Last but not least, in the wings ....
Probably less perceptible to the outside world,
the last big project of the year had far-reaching
repercussions for the internal workings of the
Institute. With a view to optimizing the internal
resources, improving the administrative management
and, by doing so, giving its clients the
benefit of higher quality, the Institute has in the
past two years installed a high performance
management tool which is in the vanguard of
technical progress. This transition took place
smoothly and will gradually reveal the Institute as
a modern, active and progressive entity which is
willing to provide all the support that the financial
centre may need.
10 December 2010
Luxembourg budget 2011 aims to eliminate state deficit
by 2014. The draft proposes tax savings and spending
cuts worth 450 million Euros.
The European Banking Federation appoints the
ABBL’s Marc Hemmerling as new Payments Systems
Committee Chairman.
6 December 2010
Luxembourg clarifies its tax regime for UCITS IV
after complaints that the directive caused confusion
over European fund taxation.
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