With ¥64bn of RMB deposits, Luxembourg is RMB hub for the eurozone
Member: PricewaterhouseCoopers, Société coopérativePwC Luxembourg has released today a comparative study of cross-border RMB centres, entitled Where do you Renminbi?, during the Renminbi Forum, hosted...
View ArticleEntre tradition et modernité : la place financière luxembourgeoise prépare...
Member: PricewaterhouseCoopers, Société coopérativeLa place financière du Luxembourg compte parmi les plus compétitives et innovantes au monde . Son expertise et la sophistication de ses services ne...
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New report on card fraud shows online fraud increased in 2012
€1 in every €2,635 spent on credit and debit cards was lost to fraud More fraudulent internet transactions, in line with the strong growth of online sales Industry should continue enhancing security...
View ArticleABBL Weekly EU Monitoring Report: Monday, 24 February to Friday, 28 February...
TOP NEWS:27/02/2014 – Council – Central Securities Depositories: Council confirms agreement with EPThe Permanent Representatives Committee approved on the 26/02/2014, on behalf of the council, an...
View ArticleThe new BIL delivers solid profits for 2013
Member: Banque Internationale à Luxembourg S.A.• Income before tax increased by EUR 117 million to reach EUR 139 million• Assets under management stable (EUR 28.8 billion)• Client deposits up...
View ArticleFATCA: Agreement between Luxembourg and the United States on the substance of...
On 27 February 2014, the Luxembourg and United States negotiating teams have agreed on the substance of the future Model 1 Agreement between the Government of the Grand Duchy of Luxembourg and the...
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ABBL Conference on the new Framework Regulation of the Single Supervisory...
On 4 March 2014, the ABBL, in collaboration with the CSSF, organized a conference on the new Framework Regulation of the Single Supervisory Mechanism published for consultation by the ECB. A large...
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FATCA: updated W-8ECI and W-8BEN forms released
The IRS has posted final, updated versions of the following forms and related instructions:Form W-8ECI (Rev. February 2014), Certificate of Foreign Person’s Claim That Income Is Effectively Connected...
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EBA publishes results of the Basel III monitoring exercise as of 30 June 2013
The European Banking Authority (EBA) publishes today its fifth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the...
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Le Luxembourg est largement conforme aux recommandations du GAFI
La décision de la plénière se base sur un rapport du GAFI qui conclut que depuis l’adoption de son rapport d’évaluation mutuelle, le Luxembourg a adressé un nombre significatif des points y soulevés,...
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Geschäftszahlen Commerzbank International S.A.: Starkes Ergebnis fü̈r 2013
Member: Commerzbank International S.A.Luxemburg geht als Financial Engineering Center für das Internationale Wealth Management der Commerzbank Gruppe gestärkt in das neue Geschäftsjahr.Die Commerzbank...
View ArticleDZ PRIVATBANK erfolgreich im Private Banking mit Volksbanken Raiffeisenbanken
Member: DZ PRIVATBANK S.A.Vor dem Hintergrund deutlich gestiegener Anforderungen bei der Umsetzung europäischer und globaler Regulierungsvorschriften, der anhaltenden Steuerdiskussionen und der...
View ArticleABBL Weekly EU Monitoring Report: Monday, 3 March to Friday, 7 March 2014
TOP NEWS:07/03/2014 – European Commission – Preparation of Economic and Finance Ministers CouncilThe EU's Council of Economic and Finance (ECOFIN) Ministers will take place in Brussels on 11 March. The...
View Article2013, une année clé pour le développement futur de la Banque Raiffeisen
Member: Banque RaiffeisenIdentité visuelle, siège social, plateforme informatique et canaux électroniques, 2013 aura été riche en nouveautés pour la Banque Raiffeisen qui a réussi à développer ses...
View ArticleThe FX forward question under EMIR, the ABBL point of view
On the edge of the reporting obligation under EMIR (12 February 2014) ESMA found itself (and with it most financial institutions) in a difficult position as to the status of FX Forward contracts (and...
View ArticleCapitalatWork Foyer Group primée «meilleure société de gestion de fortune...
Member: CapitalatWork Foyer Group S.A.Pour la huitième année consécutive, l’agence de notation FundClass a décerné «l’European Funds Trophy 2014» aux meilleurs fonds et sociétés de gestion en Europe...
View ArticleKBL epb appoints Carlo Friob as CEO, Private Banking
Member: KBL European Private Bankers S.A.KBL European Private Bankers (KBL epb) announced today the appointment of Carlo Friob – a financial services professional with over two decades of experience in...
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Economic crime against financial services organisations rising globally
Member: PricewaterhouseCoopers, Société coopérativeEconomic crime against financial services organisations continues to rise around the world. Some 45% of financial services respondents to PwC's 2014...
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New edition of “Investing in Luxembourg” guide
BNP Paribas Real Estate Investment Management Luxembourg has just published the new edition of its “Investing in Luxembourg” guide to coincide with the MIPIM (leading worldwide property event), to be...
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ECB publishes manual for asset quality review
The European Central Bank (ECB) has today published its manual on the methodology for Phase 2 of the AQR. The manual provides guidance for the national competent authorities (NCAs) and their...
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