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Posted on February 6th, 2011
International pressure for more tax transparency has led to changes in the global wealth management industry. According to Etienne Hirsch, Executive Director of Ernst & Young Luxembourg, three trends can be observed. The first one is increasing competition between financial centres. Times have changed and it is no longer competition between banks [...] Posted on April 24th, 2010
The Luxembourg Bankers’ Association (the ABBL) welcomes the opportunity to comment the Commission consultation on possible changes to the CRD, i.e. the CRD IV package. These comments focus on the liquidity standards (Section I), on the leverage ratio (Section III) and on the single rulebook in banking (Section VII). Source: ABBL Posted on March 25th, 2010
There is no doubt that, beyond regulation, financial professionals need to demonstrate self-control with regards to what they are legally permitted to do. It will not be enough to talk about it. They will have to prove it in the exercise of their profession. This will take some time. They have lost trust [...] 1 pages
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