The Luxembourg Institute for Global Financial Integrity
Luxembourg Monthly Finance Lunch
Tuesday, 23rd of March 2010
Cercle Munster
 
Guest Speaker
Jean-Jacques Rommes
 General Manager of the Luxembourg Bankers Association (ABBL)
"Morality and the image of banks"
 
Lunch at 50 €, to be paid prior to lunch
On Cercle Munster BCEE account
BCEELULL LUO8 0019 1100 0967 6000
 
 
The Luxembourg Institute for Global Financial Integrity (LIGFI) is pleased and honored to announce that Mr. Jean-Jacques Rommes, General Manager of the Luxembourg Bankers Association (ABBL), will be the Guest Speaker at its next monthly lunch on Tuesday 23rd of March 2010 at the Cercle Munster. As usual, the event will begin at 11:45 h and close at 14:00 h.
The purpose of LIGFI’s Luxembourg Monthly Finance Lunch is to provide a forum for open and constructive dialogue amongst all stakeholders of the global financial sector and to give financial professionals, representatives of government and nongovernment organizations, and all others concerned by finance and its related issues, the opportunity to meet once a month and to share views and perspectives. LIGFI wishes the lunches to be an occasion for all concerned to have the chance to meet in an informal setting.
As a nonprofit association composed of members of the financial and related professions worldwide, the Luxembourg Institute for Global Financial Integrity’s focus is professional excellence, ethics and integrity within the global financial sector and the financial centers and jurisdictions worldwide in which financial professionals exercise their professions. Such matters pertain to corporate financial governance and financial market integrity in business behavior and regulatory and investor protections.
As a European-based global institution, the Luxembourg Institute for Global Financial Integrity’s vocation is to promote the application of the principles of integrity: fairness, transparency, responsibility and accountability. In applying such principles, LIGFI firmly believes financial and related firms can operate in their best interests, sustain their profitability, avoid systemic risk and respect the general interests of all their stakeholders, be they clients, employees, owners or shareholders, or regulators.
 
 
 
 

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The Luxembourg Institute for Global Financial Integrity

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       (Monday, 02 November 2009 12:33)

    Outrage is apparently the name of the game in political and media circles in debating the matter of banking bonus compensation. For the large banks, even moral hazard is brought into play in condemning bonuses that are seen as excessive, promoting high risk and abusing the financial bailouts and market conditions provided by governments in America and Europe especially. Investment banks are now benefitting from renewed and often substantial profits and allocating significant shares to employee bonuses. The taxpayer is picking up the tab and apparently sees no reward in doing so.

    Goldman Sachs, Morgan Stanley, Merrill Lynch, JP...

  • — Promoting a Global Financial Sector of Professional Excellence, Ethics and Integrity

       (Saturday, 24 October 2009 14:35)

    Politicians and the media have soundly, and often usually aggressively, questioned ethical business standards and practices in the global financial sector, national financial centers and jurisdictions. The G20 in the lead, supported by international bodies like the OECD and others, has strongly expressed the will to change drastically the global financial sector through enforced rules, regulations and oversight in order to modify financial behavior and end systemic risk. There has been much public outrage, especially focused on apparently excessive compensation amongst banks and other financial services.


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