Three of the so-called Big Four firms have reportedly quit the lobby group for the banking industry, the Luxembourg Bankers’ Association (ABBL), prompting questions in parliament.
On Monday, former justice minister and Green party lawmaker Sam Tanson called on the government to answer questions over media reports that PwC, EY and KPMG will end their membership of the bankers lobby group on 1 April 2026.
The story was first reported last week by Paperjam, which added that Deloitte will retain its status as a full member.
It is not clear what the specific consequences of PwC, EY and KPMG leaving the ABBL would be, but the companies play a central role in auditing and advising the banking and fund sectors in Luxembourg.
In her written question tabled on Monday, Tanson has asked Finance Minister Gilles Roth if the departure of the three companies will have “repercussions on the methods of consultation and exchange between the government and the financial sector”, and also asked if the government had been told why the companies would be leaving the ABBL.
The Luxembourg Times and the Luxemburger Wort have contacted the Big Four companies for comment, but had not received a reply at the time of publication.