Official stance of the BCL
The Banque centrale du Luxembourg (BCL) is a public institution created by Luxembourg law. The BCL’s independence is based on its organic law, the Treaty on the European Union and the Treaty on the Functioning of the European Union. The BCL is a member of the European System of Central Banks (ESCB) composed of the National Central Banks of all 28 EU Member States and the European Central Bank (ECB).
The Bank is a member of the Eurosystem that gathers the European Central Bank and the National Central Banks of the Member States that have adopted the euro. (...)
The BCL intends to become a centre of competence, excellence even, whose performance will generate public confidence in the Central Bank. (...)
Consequently, the values associated with its action are (...)