BCL

  • BCL Financial Stability Review 2026: The Luxembourg Risk Map

    On 21 August 2026 the Banque centrale du Luxembourg published its Financial Stability Review 2026, the central bank’s annual read on the systemic risks running through the Grand Duchy’s banks, insurers and investment funds. The BCL Financial Stability Review 2026 was closed editorially on 12 June 2026, and the most recent figures in it are…

  • ECB Digital Euro Pilot: BCL and Two Luxembourg PSPs Join

    On 14 July 2026 the Banque centrale du Luxembourg (BCL) confirmed it will take part in the European Central Bank’s digital euro pilot, joining the ECB and 18 other Eurosystem national central banks in a controlled test of a beta version of the digital euro. The same day the ECB named the 36 payment service…

  • SEPA Instant Payments Regulation – A Practical Guide for Luxembourg PSPs

    A standard SEPA credit transfer in euro must reach the payee’s payment service provider by the end of the next business day. That D+1 deadline comes from the Payment Services Directive, not from Regulation (EU) No 260/2012, the SEPA Regulation that search queries routinely attach to it. The ten-second obligation this page is built around…

  • PSD2 Reporting Requirements for Payment Institutions: Complete Practitioner Guide

    Introduction PSD2 reporting is not optional – payment institutions face multiple overlapping reporting obligations including statistical, prudential, fraud, incident, and complaint reporting, each with distinct deadlines, data sources, and regulatory recipients. Payment Services Directive 2 (Directive (EU) 2015/2366) fundamentally reshaped how payment institutions, e-money institutions (EMIs), account information service providers (AISPs), and payment initiation service…