Luxembourg Financial Services

New Luxembourg law to preserve businesses and modernize insolvency law – What to expect?

1Days Ago

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CSSF Newsletter No 272 – September 2023

3Days Ago

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Supporting clients in a complex environment

1Weeks Ago

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Launch of the ESMA Common Supervisory Action (CSA) on sustainability risks and disclosures in the investment fund sector

The CSA is a two-stage process

1Weeks Ago

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EVOLUTION OF EMPLOYMENT IN CREDIT INSTITUTIONS

2Weeks Ago

15187 Read

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Spear phishing spoofing the CSSF identity

2Weeks Ago

15608 Read

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Fitch Affirms FWU Life Insurance Lux at IFS 'BBB+'; Outlook Stable

The rating reflects FWU Lux's strong capitalisation, its strong and stable earnings, as well as its 'Less Favourable' company profile.

4Weeks Ago

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Global economic growth remains positive

The easing in inflation rates continues

1Months Ago

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Luxembourg: Luxembourg Publishes Bill Of Law To Implement Pillar Two

1Months Ago

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CSSF Thematic Review on the implementation of sustainabilityrelated provisions in the investment fund industry

CSSF Thematic Review on the implementation of sustainability-related provisions in the investment fund industry

1Months Ago

18976 Read

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Global situation of undertakings for collective investment at the end of June 2023

The total net assets of undertakings for collective investment, amounted to EUR 5,197.746 billion

1Months Ago

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LuxSE and GICE&SDGs join forces to strengthen sustainable finance education in India

Committed to fostering greater levels of sustainable finance education throughout the world, the Luxembourg Stock Exchange today announced that it has entered into a partnership with the Global Institute for Circular Economy Sustainable Development Goals, to provide sustainable finance courses to the Indian market.

1Months Ago

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Luxembourg to extend support for European Investment Bank's Financial Inclusion Fund

The Financial Inclusion Fund will continue providing support to financial service providers that focus on vulnerable groups.

2Months Ago

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INTEREST RATES(July)

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg's credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in May 2023.

2Months Ago

19923 Read

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Luxembourg: Works funds to become mandatory as of 1 August 2023

Applicable for all condominiums, whether residential buildings, buildings for professional use or mixed buildings

2Months Ago

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The Bank of London Formally Applies for European Union Banking Licence and Announces 200M Euros Investment and 300 New Jobs in Luxembourg

There is an exciting opportunity to offer Luxembourg and the broader EU market a new global digital clearing ecosystem

2Months Ago

20240 Read

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Vietnam seeks stronger green finance ties with Luxembourg

A delegation of the Ministry of Finance (MoF) led by Minister Ho Duc Phoc paid a working visit to Luxembourg from July 5 to 8.

2Months Ago

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Global situation of undertakings for collective investment at the end of May 2023

The Luxembourg UCI industry thus registered a positive variation amounting to EUR 23.528 billion in May.

2Months Ago

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INTERNATIONAL INVESTMENT POSITION AT THE END OF THE FIRST QUARTER OF 2023

The amount outstanding in liabilities increased by 29 billion euros, up to 1 278 billion euros at the end of March 2023.

2Months Ago

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Luxembourg: Luxembourg Fund Law Reforms: Key Proposed Changes To RAIF, SIF, SICAR, AIFM, And UCI Laws

On March 24, 2023, a bill of law was submitted to the Luxembourg Parliament, proposing amendments to the Luxembourg fund laws, namely the Law of 2010 on UCIs (UCI Law), the Law of 2007 on SIFs (SIF Law), the Law of 2004 on SICARs (SICAR Law), the Law of 2013 on AIFMs (AIFM Law), and the Law of 2016 on RAIFs (RAIF Law).

2Months Ago

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LuxSE marks 60 years of Eurobonds

HRH Grand Duke Henri attended the 40th edition of the Luxembourg Stock Exchange (LuxSE)’s annual flagship event at the Philharmonie yesterday evening to celebrate the 60-year anniversary of the Eurobond market, which has served as a launchpad for Luxembourg’s financial centre.

3Months Ago

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CIVIL SOCIETY OGANISATIONS STRATAGIC MEETING IN PROMOTING AN INCLUSIVE AND LEGITIMATE GLOBAL TAX ARCHITECTURE

Global tax system is a method used when collecting international taxes.

3Months Ago

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LuxSE reports record profits for 2022

At the annual general meeting of the Luxembourg Stock Exchange (LuxSE), the stock exchange published its financial results for the financial year ending on 31 December 2022, reporting record profits.

3Months Ago

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Profit and loss account of credit institutions as at 31 March 2023

Other net income, comprising miscellaneous items which are very volatile in nature and generally non-recurring, increased by 13.2%.

3Months Ago

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INTEREST RATES

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in April 2023.

3Months Ago

20380 Read

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Evolution of credit institutions' balance sheet

The minimum reserves for credit institutions to hold with the BCL have increased by 12 million euros compared to the previous maintenance period.

3Months Ago

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Launch of the ESMA Common Supervisory Action on the application of MiFID II disclosure rules with regard to marketing communications and advertisements of financial products

ESMA launched a Common Supervisory Action with national competent authorities on the application of MiFID II.

3Months Ago

15636 Read

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Survey in relation to Circular CSSF 21/769 on Teleworking

Governance and security requirements for supervised entities to perform tasks or activities through telework.

3Months Ago

18130 Read

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LuxSE joins forces with China Everbright Bank

Against the backdrop of the Luxembourg financial mission to Beijing, the Luxembourg Stock Exchange signed a Memorandum of Understanding with China Everbright Bank.

3Months Ago

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Circular CSSF 23/834

Mandatory use of the IMAS Portal for certain supervisory processes

4Months Ago

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INTEREST RATES

BCL informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in March 2023.

4Months Ago

20565 Read

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LuxSE releases market study on gender-focused bond market

4Months Ago

23672 Read

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BIL Launches Google Pay Support for Visa Card Users in Luxembourg

4Months Ago

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List of independent approved statutory auditors and approved audit firms having received less than 15% of the total audit fees from PIEs in Luxembourg in 2022

4Months Ago

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Thematic review on the use of Artificial Intelligence in the Luxembourg Financial sector

4Months Ago

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New Cooperation Agreement signed between LuxSE and MOX

4Months Ago

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Publications related to Regulation (EU) 2019/2088 – SFDR and Regulation (EU) 2020/852 – the EU Taxonomy Regulation

5Months Ago

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FAQ on the revised long form report framework introduced by Circulars CSSF 22/821 and 22/827

5Months Ago

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INTEREST RATES

5Months Ago

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LuxSE named Exchange of the Year 2023 by Environmental Finance

5Months Ago

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The CSSF's supervisory priorities in the area of sustainable finance

5Months Ago

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BALANCE OF PAYMENTS OF LUXEMBOURG DURING THE YEAR 2022

5Months Ago

20371 Read

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A year of resilience in an uncertain environment

5Months Ago

24557 Read

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Evolution of credit institutions' balance sheet

5Months Ago

24548 Read

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SFDR data collection exercise applicable

5Months Ago

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Newsletter No.266-March 2023

6Months Ago

17623 Read

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INTEREST RATES

6Months Ago

20744 Read

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CSSF FAQ Sustainable Finance Disclosure Regulation (SFDR)

6Months Ago

18612 Read

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NMB Bank brings first Sub-Saharan gender bond to LGX

6Months Ago

19689 Read

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EVOLUTION OF CREDIT INSTITUTIONS’ BALANCE SHEET

6Months Ago

20036 Read

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Global situation of undertakings for collective investment at the end of January 2023

6Months Ago

22109 Read

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Consumer confidence stabilises in February 2023

6Months Ago

22220 Read

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Examination of professional competence for "réviseurs d'entreprises" (statutory auditors)

6Months Ago

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PUBLICATION DU BULLETIN BCL 2023/1

7Months Ago

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European exchanges collaborate for the provision of a consolidated tape in the European Union

7Months Ago

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Luxembourg: CSSF Publishes FAQ On The Sustainable Finance Disclosure Regulation

7Months Ago

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EVOLUTION OF CREDIT INSTITUTIONS' BALANCE SHEET

7Months Ago

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Circular letter

7Months Ago

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CONSUMER CONFIDENCE SURVEY

7Months Ago

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LuxSE signs Abu Dhabi Sustainable Finance Declaration

7Months Ago

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Communication on the publication of two notification templates

7Months Ago

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INTEREST RATES

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg's credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in November 2022.

7Months Ago

15402 Read

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Symbiotics Investments brings world’s first INR-denominated gender-focused bond to LGX

2022 was a key year for gender finance, which saw an increase in gender-focused bond issuance and the launch of a specific gender-focused bond flag on the Luxembourg Green Exchange (LGX).

8Months Ago

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CSSF Clarifies Eligibility To Open Cash Accounts For Luxembourg AIFs

On 18 October 2022, the CSSF issued a press release1 clarifying the types of entities that are eligible to open and hold the cash accounts of Luxembourg alternative investment funds ("AIFs").

8Months Ago

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EVOLUTION OF CREDIT INSTITUTIONS' BALANCE SHEET

8Months Ago

17551 Read

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LuxRI Fund Index&LuxX Index

Revision on 2 January 2023

8Months Ago

17071 Read

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Global situation of undertakings for collective investment at the end of November 2022

8Months Ago

17779 Read

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INTERNATIONAL INVESTMENT POSITION AT THE END OF SEPTEMBER 2022

Compared to the second quarter of 2022, Luxembourg's external financial assets increased by 59 billion euros.

8Months Ago

16614 Read

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Cooperation beyond borders: How stock exchanges can support capital markets in Africa

While 6% of global green, social, sustainability and sustainability-linked bonds were issued by emerging markets in 2021 according to the Organisation for Economic Co-operation and Development (OECD), less than 1% of these issuances originated in Africa, despite Africa being one of the regions hardest hit by the consequences of climate change. With relatively young capital markets that are mostly domestic, as well as a lack of strong ESG regulatory frameworks to encourage disclosures and transparent practices, African issuers currently struggle to reach out to international investors and access pools of capital that are large enough to finance their climate change mitigation, adaptation and transition projects.

9Months Ago

21402 Read

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Application for suspension of payments: ANPHIKO ASSET MANAGEMENT S.A.

ANPHIKO ASSET MANAGEMENT S.A. has been filed by the CSSF.

9Months Ago

17875 Read

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Banque de France and Banque centrale du Luxembourg conduct wholesale CBDC test

Banque de France and the Banque centrale du Luxembourg have successfully conducted a wholesale central bank digital currency (CBDC) experiment utilising distributed ledger technology (DLT).

9Months Ago

20776 Read

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New blockchain bond lands on Luxembourg Stock Exchange

Efforts to create a welcoming legal framework for DLT in Luxembourg have paid off with the first digital bond under Luxembourg law placed on the Luxembourg Stock Exchange.

9Months Ago

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Eligible Entities In Luxembourg To Hold Alternative Investment Funds Cash Accounts

On 18 October 2022, the Commission de Surveillance du Secteur Financier (the "CSSF") has issued a press release regarding eligible entities for the opening of cash accounts in relation to Luxembourg alternative investment funds.

10Months Ago

21464 Read

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INTEREST RATES

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in September 2022.

10Months Ago

16363 Read

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CSSF slaps fine on Gazprom's Luxembourg financing vehicle

Russian state-owned energy giant's Gaz Capital S.A., based in Luxembourg, might face bankruptcy.

10Months Ago

23124 Read

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LuxSE partners with BFF Bank to introduce new post-trade model

The Luxembourg Stock Exchange (LuxSE) announced the launch of its new post-trade model for trades made on LuxSE's markets. This new settlement process was made possible thanks to the exchange's partnership with BFF Bank, the largest independent specialty finance in Italy and a leading player in Europe, specialised in securities services, banking and corporate payments and in the management of trade receivables.

10Months Ago

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Main updated figures regarding the financial centre

Extract from the CSSF Newsletter No 261 – October 2022

11Months Ago

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Interest rates

The Banque centrale du Luxembourg (BCL) informs that, based on preliminary data, the main interest rates applied by Luxembourg’s credit institutions to euro area households and non-financial corporations (NFCs) for their loan and deposit operations have on average evolved as follows in August 2022.

11Months Ago

24780 Read

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Credit Suisse in limbo in Luxembourg

If no one seems to know the contours of Credit Suisse's new strategic plan which will be announced on October 27 and its consequences in Luxembourg, employees are worried. Management must communicate as soon as the plan is known.

11Months Ago

25378 Read

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ESG in the banking sector - CSSF survey on sustainable finance

On 21 September, the CSSF published the results of a general public survey on sustainable finance.

11Months Ago

30256 Read

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FE fundinfo buys Luxembourg-based Fundsquare

FE fundinfo has today (20 September) completed the acquisition of Fundsquare, the Luxembourg-based fund registration and regulatory services provider.

1Years Ago

22182 Read

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Financial regulator needed to act in minority of consumer complaints

In its role as mediator for consumers of financial products, Luxembourg’s financial regulator advocates finding solution based on dialogue between the complainants and the entities concerned by a dispute. A majority of disputed cases are thus closed without any specific intervention by the CSSF.

1Years Ago

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Luxembourg is textbook example in World Bank anti-money laundering document

‘Name and shame’ remains a common practice in the fight against financial crime. Both states and financial institutions can be subject to it, each at their own level. In a recently published manual for national regulators, the World Bank illustrates this principle by citing Luxembourg.

1Years Ago

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PUBLICATION OF THE 2022 FINANCIAL STABILITY REVIEW

The Banque centrale du Luxembourg (BCL) is today publishing the 2022 edition of its Financial Stability Review.

1Years Ago

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LONDON'S MOST SOUGHT AFTER PROPERTIES TO BE PRESENTED ON THE LPS CHINA PLATFORM BY COLDWELL BANKER SOUTHBANK

London remains one of Chinese favorite real estate investment destination, and the LPS China platform.

1Years Ago

26446 Read

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World Bank and Luxembourg Mark 75 Years of Shared History - From World Bank Founding Member and Borrower to Key Development Partner

Seventy-five years ago today, the newly established International Bank for Reconstruction and Development (IBRD), now known as the World Bank, made its first and only loan to Luxembourg.

1Years Ago

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Luxembourg: CSSF Issues Circular On UCI Administrators: What To Know?

The Luxembourg Financial Sector Supervisory Authority (the CSSF) recently published Circular 22/811 (the Circular) on the authorisation, governance and internal organisation of administrators of undertakings for collective investment (UCIs).

1Years Ago

33924 Read

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LuxRI Index

In accordance with the rules governing the LuxRI Fund index, the executive committee of the Luxembourg Stock Exchange has decided to rebalance the LuxRI Fund index (base 1,000 as at 01/07/2013).

1Years Ago

24257 Read

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LuxSE named 'Stock Exchange of the Year' at Environmental Finance’s Sustainable Investment Awards 2022

Luxembourg Stock Exchange (LuxSE) won the ‘Stock Exchange of the Year’ award when Environmental Finance announced the winners of the Sustainable Investment Awards 2022!

1Years Ago

30454 Read

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Review Luxembourg outsourcing contracts, financial firms urged

Financial institutions operating in Luxembourg have been advised to review their outsourcing arrangements after rules around outsourcing in the sector were updated by supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF).

1Years Ago

25324 Read

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Evolution of credit instituitions' balance sheet

The Banque centrale du Luxembourg informs that the aggregated balance sheet of credit institutions reached 998,592 million euros on 30 June 2022, compared to 1 014 983 million euros on 31 May 2022, a decrease of 1.61%.

1Years Ago

36850 Read

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Luxembourg — bridging Islamic finance and sustainable development practices

Net-zero commitments are gaining momentum across the globe as more and more governments are growing concerned over the alarming rate of climate change, its impact to date and the potential impact it will have on our societies in the years and decades to come.

1Years Ago

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