LuxCMA is member-driven: volunteers from banking, legal, regulatory, financial markets infrastructures and corporate services fields shape its work. Members have the opportunity to join any of its 12 working groups, with decisions discussed and approved by the full membership, ensuring output reflects the whole value chain. LuxCMA is also known for casual networking, an ideal entry point for newcomers. Board member Béatrice Riguidel puts it well: «LuxCMA is a little like Luxembourg itself. Many of us come for professional reasons, but we stay for the people.»
Four new working groups have been launched: Private Credit, Equity Capital Markets, Digital and Blockchain Technologies, and the most recent, the Islamic Finance Task Force. LuxCMA now counts 60 member companies, including the Big Four, major law firms, corporate service providers, the Luxembourg Stock Exchange, and leading banks. Events happen nearly monthly, some abroad in cities like London or Frankfurt, alongside cocktails and working sessions.
The Luxembourg Capital Markets Association (LuxCMA), formed in 2019, unites value-chain participants to strengthen Luxembourg’s capital markets ecosystem. In the last 18 months, members have published 36 papers—insight papers, guidance notes, legal trackers, and market surveys—widely consulted locally and by those looking to enter the Luxembourg market.
We know that if the sector gets stronger, we all get stronger.
Togetherness
LuxCMA members are the heartbeat of the association, Hendrik says, because they provide the drive, expertise, and ideas that determine the association’s papers and positions. «Our goal is to listen and learn from each other to build a better and more attractive capital markets sector in Luxembourg, one that will continue to thrive on the global stage. We know that if the sector gets stronger, we all get stronger. In an ever more uncertain world, it’s important that we do not stand alone. We’re a very active community that strives for stability and certainty.»
Financial players from Luxembourg and abroad read our publications.
Impact
The work of LuxCMA has a real impact in the capital markets sector, both locally and globally, Ekaterina says. Over the years, the association has published many articles and papers addressing topics related to accounting, legislation, market infrastructure, and securitisation regulations, among others. «Financial players from Luxembourg and abroad read our publications. If you are an active member, join working groups, and contribute to papers, you can play a central role in addressing the needs of the sector, promoting Luxembourg, and attracting capital to the market. It’s a real commitment, but a highly enjoyable one.»
We try our best to align with the banking or asset management communities at large.
A wealth of knowledge
Arnaud says that by joining LuxCMA as an active member, you get access to a wealth of knowledge about practices with which you may have had little contact. To ensure that Luxembourg remains at the forefront of capital markets, the group reaches out to other constituencies. «We try our best to align with the banking or asset management communities at large, which is why we have created joint working groups with experts from other constituencies and projects with the major financial associations in Luxembourg.»
We rely on each segment for cases and issues to address.
Inclusiveness
LuxCMA listens to the whole value chain and supports the entire ecosystem, Béatrice says. «We rely on each segment for cases and issues to address. We pay close attention to every member, no matter if they come from legal, auditing, or banking. Then, we ensure that our best practices are validated by the whole chain. This inclusivity brings real value to everything that we do.»
