The Grand Duchy’s financial centre scored particularly well within 3 Areas of Competitiveness in the index, namely Human Capital, sitting at number 3 globally just behind New York and London, further emphasising the depth of expertise in Luxembourg’s financial sector. The country also scored well in Infrastructure where it placed 5th, and Business Environment where it is positioned 8th.
On 29 February 2024, ALFI responded to the ESMA consultation paper on technical advice on CSDR penalty mechanism.
The board of LFF has today unanimously decided to appoint Tom Theobald as CEO of Luxembourg for Finance as of September 1st 2024, following the decision of the Government to appoint Nicolas Mackel as Luxembourg’s Ambassador to the EU.
HSBC is one of only four companies in Luxembourg to receive the accolade which is a testament to the bank’s excellent HR policies and people strategy in the country.
Press Release: BIL strengthens the Leadership of its Commercial Franchises
Bank of America announced on Tuesday the launch of CashPro Insights, a digital tool that analyzes information flowing through the CashPro platform. Through data-driven intelligence, clients are presented with insights that empower them to make more informed treasury decisions and drive cost savings and efficiencies.
Amcham Newsletter Spuerkeess, Banque Internationale à Luxembourg, BGL BNP Paribas, Banque Raiffeisen, POST Luxembourg and ING Luxembourg are joining together to create a broad-based ATM network. The six partners will work hand in hand to guarantee Luxembourg-wide access to self-service banking.
The BBC has reported that the cap on bankers’ bonuses in the UK is being removed as part of a post-Brexit shake-up of UK financial rules.
ELTIFs could prove to be the most suitable vehicle for retail investments in private markets”, says Patzelt. “Here, the new regulations offer more freedom.”
The International Climate Finance Accelerator (ICFA) Luxembourg has announced its latest cohort of fund managers dedicated towards addressing climate change and driving positive change globally.
Banque Internationale à Luxembourg (BIL) delivered a sound financial performance during the first half of 2023, with a net profit of 103 million euros. Rising interest rates and lingering inflation have been the markers of the half-year. BIL remains fully focused on proactively helping clients navigate the current environment.
Screening of foreign direct investments: Luxembourg’s balancing act with FDI Regulation
