After being fined nearly €5 million by the Financial Sector Supervisory Commission (CSSF), state-owned bank Spuerkeess has proposed a meeting with the Parliamentary Finance Committee to answer lawmakers’ questions.
In a letter obtained by RTL, the bank stated its willingness to send both management representatives and technical experts to the session. Diane Adehm, president of the committee and a CSV MP, confirmed to RTL that she would aim to schedule the meeting for the first half of September, citing current holiday absences and a packed agenda later in the month.
The development follows the recent presentation of the final report drafted by the Special Parliamentary Committee on the Caritas scandal.
The CSSF’s investigation into Spuerkeess and BGL BNP Paribas, initiated after Caritas’ €61 million fraud scandal, revealed “structural and systemic weaknesses” in Spuerkeess’ case-by-case verification processes. These findings led to the regulator’s recent fine against the bank.
Spuerkeess has consistently denied any connection between the fine and the Caritas fraud since the penalty became public. The bank contends that determining whether such weaknesses facilitated the fraud falls outside the CSSF’s mandate, arguing such judgments should be made by courts.
However, legal resolution remains uncertain. While Spuerkeess has proposed an out-of-court settlement to Caritas, the foundation has not yet pursued legal action against the banks.
Separately, the European Central Bank (ECB) continues examining the credit lines both institutions extended to Caritas.
