The financial centre returns to the Chamber in almost every year of the 2023–2028 legislature, from the coalition programme debate of November 2023 to the anti-money-laundering bill of June 2026. The sittings covered the minimum effective taxation of 15%, the subscription tax on funds, the compliance and supervision load on banks and fund managers, the transfer of supervisory powers to ESMA, the fight against money laundering, and the interpellation on the future of the centre. The quotes below are taken verbatim from the Compte rendu officiel of each sitting.
\nOn 13 June 2024, during the debate on the bill implementing the EU DORA regulation on digital operational resilience, Laurent Mosar criticised the growing compliance burden on the financial sector.
\n\n\nEch mengen, déi ganz Compliance am Finanzsecteur fänkt un, Ausmoossen unzehuelen, déi ëmmer méi wäit ginn.
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I think the whole compliance load in the financial sector is starting to take on proportions that go ever further.
\nSitting of 13 June 2024, Laurent Mosar, CSV
\nOn 22 January 2026, during the extended questions on the transfer of supervisory powers to ESMA, Laurent Mosar criticised the plan for a central supervisor based in Paris as bureaucracy rather than simplification.
\n\n\nEch gesinn net, wou d’Simplification administrative ass, wa mer herno eng zentral Opsiicht kreéieren, déi dann en plus nach zu Paräis sëtzt – mir wëssen, Paräis ass en direkte Konkurrent vu Lëtzebuerg –, wou et awer riskéiert, zu engem Bürokratiemonster ze kommen.
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I do not see where the administrative simplification is if we then create a central supervisor which on top of that sits in Paris, and we know Paris is a direct competitor of Luxembourg, where it risks becoming a bureaucratic monster.
\nSitting of 22 January 2026, Laurent Mosar, CSV
\nOn 20 December 2023, in the debate on the bill transposing the minimum effective taxation of 15%, Patrick Goldschmidt stated the DP position on following international tax standards.
\n\n\nFir d’Demokratesch Partei steet fest: Lëtzebuerg muss sech weiderhin un déi international Reegelen a Standarden halen. Just esou kënne mer d’Vertrauen an eis Finanzplaz garantéieren an esou och fir déi nächst Joren a Joerzéngten zolidd opstellen.
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For the Democratic Party it is settled: Luxembourg must continue to keep to the international rules and standards. Only in that way can we guarantee trust in our financial centre and set it up solidly for the coming years and decades.
\nSitting of 20 December 2023, Patrick Goldschmidt, DP
\nOn 15 May 2025, opening the interpellation on the future development of the financial centre, André Bauler stated the number of people employed in the financial sector.
\n\n\nAm Finanzsecteur schaffe ronn 65.000 Mënschen, net ze schwätze vun den indirekten Aarbechtsplazen, déi un dëser Plaz hänken.
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Around 65,000 people work in the financial sector, not to mention the indirect jobs that depend on this centre.
\nSitting of 15 May 2025, André Bauler, DP
\nOn 20 December 2023, in the debate on the minimum taxation bill, Franz Fayot described the bill as the result of long international work on tax fairness.
\n\n\nEt ass e Gesetzesprojet, deen um Enn vu jorelaangen Efforte fir méi Steiergerechtegkeet, Transparenz a Fairness um internationale Plang steet.
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It is a bill that stands at the end of years of effort for more tax fairness, transparency and fairness at international level.
\nSitting of 20 December 2023, Franz Fayot, LSAP
\nOn 30 April 2026, during the debate on the bill transposing CRD VI into the law on the financial sector, Franz Fayot argued that competitiveness comes from resilience and stability, not deregulation.
\n\n\nAlso, d’Kompetitivitéit vum Finanzsecteur huet mat Resilienz a mat Stabilitéit ze dinn, an net mat Dereguléierung.
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So the competitiveness of the financial sector has to do with resilience and stability, not with deregulation.
\nSitting of 30 April 2026, Franz Fayot, LSAP
\nOn 20 December 2023, in the debate on the minimum taxation bill, Fred Keup stated the ADR position on the financial centre.
\n\n\nMir soen och ëmmer: Wat gutt fir d’Finanzplaz ass, dat ass gutt fir Lëtzebuerg. An dofir steet d’ADR och ëmmer do fir d’Finanzplaz.
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We also always say: what is good for the financial centre is good for Luxembourg. And that is why the ADR always stands up for the financial centre.
\nSitting of 20 December 2023, Fred Keup, ADR
\nOn 22 January 2026, during the extended questions on ESMA supervision and the Capital Markets Union, Fred Keup argued that the whole country depends on the health of the financial centre.
\n\n\nWann d’Finanzplaz den Houscht kritt, dann néitscht d’ganzt Land.
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When the financial centre catches a cough, the whole country sneezes.
\nSitting of 22 January 2026, Fred Keup, ADR
\nOn 20 December 2023, in the debate on the minimum taxation bill, Sam Tanson stated that billionaires and multinationals are best placed to avoid tax.
\n\n\nAn dat dréit derzou bäi, datt grad Milliardären an international Konzerner am beschte wëssen, wéi se op 0 % Steiere kommen.
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And that contributes to billionaires and international groups knowing best how to get down to 0% tax.
\nSitting of 20 December 2023, Sam Tanson, déi gréng
\nOn 16 October 2025, in the debate on the CSSF prospectus for Israeli state bonds, Sam Tanson stated that the financial centre carries responsibility for the bond issue.
\n\n\nAn dann hu mir als Finanzplaz eng ganz grouss Responsabilitéit, ob mir dat mat supporten op eng gewëssen Aart a Weis, och wa mer direkt Suen erastiechen, oder ob mer dat net maachen.
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And then we as a financial centre carry a very great responsibility, whether we support that in a certain way, even if we put money in directly, or whether we do not.
\nSitting of 16 October 2025, Sam Tanson, déi gréng
\nOn 23 November 2023, in the debate on the coalition programme and the announced reduction of the subscription tax on funds, Sven Clement reported the share of state revenue that the tax brings in.
\n\n\nD’Taxe d’abonnement op de Fonge bréngt dem Staat ronn e Siwentel vu senge Recetten an – iwwer 1,2 Milliarden Euro.
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The subscription tax on funds brings the state around a seventh of its revenue: over 1.2 billion euros.
\nSitting of 23 November 2023, Sven Clement, Piraten
\nOn 28 April 2026, in the debate on the bill deferring the paying up of the minimum capital of a SARL, Sven Clement stated that the measure serves the financial centre as well as craft businesses.
\n\n\nMir sollten hei eis och éierlech an d’Ae kucken a soen: Dat heiten ass net nëmmen eppes, wat mer fir den Artisanat oder fir d’Independanten zu Lëtzebuerg maachen. Dat heite maache mer och fir d’Finanzplaz.
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We should look ourselves honestly in the eye here and say: this is not only something we are doing for craft trades or for the self-employed in Luxembourg. We are also doing this for the financial centre.
\nSitting of 28 April 2026, Sven Clement, Piraten
\nOn 23 November 2023, in the debate on the coalition programme and its reliance on the financial centre, Marc Baum warned against deepening the state's dependence on it.
\n\n\nDës Ofhängegkeet weider ze forcéieren, ass net nohalteg an ass net responsabel!
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To force this dependence further is not sustainable and not responsible!
\nSitting of 23 November 2023, Marc Baum, déi Lénk
\nOn 30 April 2026, in the debate on Basel III and the transposition of CRD VI, David Wagner warned that a crisis like 2008 could happen again with worse effects.
\n\n\nEt soll een net dovunner ausgoen, datt dat, wat 2008 geschitt ass, net erëm eng Kéier kéint geschéien, mat nach méi devastateuren Effete fir d’Mënschen.
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One should not assume that what happened in 2008 could not happen again, with even more devastating effects for people.
\nSitting of 30 April 2026, David Wagner, déi Lénk
\nOn 18 December 2024, in the budget debate on the weight of the financial centre in state revenue, the Minister of Finance stated that the financial sector must be strengthened further.
\n\n\nDe Finanzsecteur musse mer weiderhi stäerken, dat ass, op gutt Lëtzebuergesch gesot, „d’Mëllechkou“ vun eisem Staat.
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We must go on strengthening the financial sector; it is, to put it in plain Luxembourgish, the cash cow of our state.
\nSitting of 18 December 2024, Gilles Roth, Ministre des Finances
\nOn 19 March 2026, in the debate on the bill setting up the European Single Access Point, the Minister of Finance answered the question on investor protection by rejecting deregulation.
\n\n\nMir wëllen net eng Dereguléierung, wéi dat an anere Regioune vun der Welt ass, a fortschrëttlechen Ekonomien.
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We do not want deregulation, as it exists in other regions of the world, in advanced economies.
\nSitting of 19 March 2026, Gilles Roth, Ministre des Finances
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