General Members News Regulatory update: CSSF guidance on virtual assets On 29 November 2021, the CSSF provided guidance to the industry with respect to virtual assets, by publishing a Communiqué (the “Statement”) and frequently asked questions for undertakings for collective investments (FAQ – Virtual assets (UCIs) (the “FAQ”).[1] Key takeaway points of the Statement The CSSF identifies three
General Members News Banque Internationale à Luxembourg (BIL) has become an official Signatory of the UN Principles for Responsible Banking
General Members News Updated CSSF FAQs on UCI Law and MMF Regulation: Change of regulatory practice concerning the holding of ancillary liquid assets by UCITS On 3 November 2021, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010
General Members News Banque Internationale à Luxembourg (BIL) is delighted to announce its support for the Jonk Entrepreneuren Luxembourg (JEL) Mini-Companies programme which seeks to raise awareness among secondary school pupils about entrepreneurship and the business world.
General Members News Banque Internationale à Luxembourg is pleased to announce that four of the funds in its BIL Invest range have obtained the LuxFLAG ESG label for a period of one year.
General Members News CSSF published its new CSSF Circular 21/785 with regard to replacing the prior authorisation obligation with a prior notification obligation in the case of material IT outsourcing (the “Circular”), which results in a simplification of the current regulatory requirements.
General Members News On 15 June 2021, the CSSF has informed the publication of the adaptation of its FAQ on the statuses of PFS with respect to the PFS status relating to the granting of loans to the public (Article 28-4 of the Law of 5 April 1993 on the financial sector (LFS)). The CSSF indicates in its
2021 #EFS: From finance leaders to change makers, Part I The second edition of European Finance Summit – and first event of the year organized by Farvest Group – took place on March 18, 2021. Due to the current health situation, the event was held exclusively online and featured many international and local experts who focused
General Members News In “The way we live now”, Banque Internationale à Luxembourg (BIL) investment experts discuss the new reality ushered in by the Covid-19 pandemic, the digital trends that will stick and the renewed focus on sustainability.
General Members News A message from our member The Luxembourg Stock Exchange
General Members News Available 24/7, instant payments allow you to securely transfer funds from one account to another in as little as 10 seconds. Banque Internationale à Luxembourg (BIL) is now offering this new service. Want to transfer money to a friend for a holiday rental? Need to send money to a loved one in an emergency? Now
General Members News Banque Internationale à Luxembourg (BIL) is pleased to announce the appointment of Helmut Glemser as Chief Risk Officer