Irish Presidency secures landmark deal on single bank supervisor
The Irish Presidency has today reached provisional agreement with the European Parliament on the single EU bank supervisor.The creation of this supervisor is a major step towards banking union,...
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Basel III monitoring results published by the Basel Committee
The Basel Committee published today the results of its Basel III monitoring exercise. The study is based on rigorous reporting processes set up by the Committee to periodically review the implications...
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The EMIR Revolution
On 21 March 2013, the ABBL, in collaboration with ALFI, organised a conference aiming to bring to light the stakes of the European Market Infrastructure Regulation (EMIR) for Luxembourg based...
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ESMA publishes Q&As on EMIR implementation
The European Securities and Markets Authority (ESMA) has published a set of Questions and Answers in order to promote common supervisory approaches and practices in the application of EMIR across the...
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ECB publishes first SEPA Migration Report and warns against risks of late...
The European Central Bank (ECB) has published on 21 March 2013 its first Report on the Migration towards the Single Euro Payments Area (SEPA), which describes the state of play of the migration process...
View ArticleLuxembourg Government: « European financial markets need strong international...
Luxembourg is convinced of the importance of the smooth and unhampered functioning of the single market, including for financial services, as well as of the necessity of sound public finances in order...
View ArticleBank capital rules: Council confirms agreement with EP
The Permanent Representatives Committee approved on 27 March 2013 a compromise text on the "CRD 4" package amending the EU's rules on capital requirements for banks and investment firms.The proposals...
View ArticleRencontre entre entreprises innovantes, représentants de fonds de capital...
Member: PricewaterhouseCoopers, Société coopérativeAccès au business, aux compétences et aux capitaux: trois besoins clé des entreprises innovantes en Europe.23 sociétés actives dans les hautes...
View ArticleLuxFLAG now labels thirty two funds
LuxFLAG is pleased to announce that BNPP L1 Equity World Aqua has been granted the LuxFLAG Environment Label.Seven Environment Investment Funds have been granted the LuxFLAG Environment Label as of...
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Single Supervisory Mechanism: Get Ready for the New Supervisory Landscape!
On March 19th, 2013, i.e. less than one year after the first discussions held at the EU Council of June 2012, the EU lawmakers reached an agreement on the Single Supervisory Mechanism (the SSM),...
View ArticleALFI elects new Deputy Director General
The Association of the Luxembourg Fund Industry (ALFI) announces that it has elected Anouk Agnes as Deputy Director General. Ms Agnes takes up this new role with immediate effect.Ms Agnes joined ALFI...
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Luxembourg government issues FAQ on the automatic exchange of information
In his State of the Nation address, the Luxembourg Prime Minister today announced the introduction of an automatic exchange of information on certain savings income (mainly interest) as from 1 January...
View ArticleKPMG: Taking a closer look at the automatic exchange of information
Member: KPMG Luxembourg S.à r.l.Although the Grand-Duché has long lobbied for the withholding tax system as an efficient and effective tool to ensure taxation of savings income, after the failure of...
View ArticleFTT: Who pays the bill?
Compared to the frequently glacial pace of European bureaucracy, the Financial Transaction Tax (FTT) has moved through EU decision-making processes at a surprisingly high speed. When it became clear in...
View ArticleEurope’s banks say EU capital requirements fall short of fully achieving a...
The European Banking Federation (EBF) welcomes the adoption by the European Parliament of the compromises previously agreed with the Council over the final shape of Capital Requirements Regulation and...
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"Open and collaborative innovation in banking services: evidence from...
Financial institutions have traditionally been attributed with the dependence on external technologies and other types of knowledge in their innovation activity. Relative importance of the different...
View ArticleThe BNP Paribas Group signs the Luxembourg Diversity Charter
Member: BNP Paribas, Luxembourg BranchIn October 2012 the Grand Duchy of Luxembourg, under the patronage of the Ministry of Family Affairs and Integration, became the 12th European country to adopt a...
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BCEE: Excellente performance dans un environnement économique en pleine mutation
Member: Banque et Caisse d'Epargne de l'Etat, LuxembourgLa BCEE affiche un résultat net de 198,2 millions d'euros au 31 décembre 2012, soit un accroissement de 6,1% par rapport à l'exercice précédent....
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New Indirect Tax Report - Ernst & Young
Member: Ernst & YoungIndirect tax systems becoming more efficient, but tax authorities increasing focus on compliance and enforcement.Tax “mix” shifting towards taxes on consumptionFree trade is...
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Economic growth and Europe’s debt crisis are radically changing banking M&A...
Member: PricewaterhouseCoopers, Société coopérativeBrave new world: New frontiers in banking M&A, a research from PwC has found that recent years’ decline in banking M&A is not simply due to a...
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