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ATEL is one of the oldest treasurers' associations in Europe. Founded in 1994, it has grown steadily since then both in member numbers and in terms of the events and training courses organised. It is also a founder member of the European Association of Corporate Treasurers (EACT) as well as the International Group of Treasury Associations (IGTA). ATEL works to raise the level of treasury expertise in Luxembourg, organises more than 10 conferences every year and publishes quarterly magazines. The association lobbies very actively at both national and European levels to defend its members' interests. It is also a forum in which treasurers can meet their peers as well as interact with industry stakeholders such as financial sector professionals, bankers, IT vendors and academics.