The insurance industry is on track to implement Solvency II by 1 January 2016. It is aimed at overhauling risk and capital management practices within the insurance industry, with the objective of harmonizing the EU regulatory environment, strengthening policyholder protection, modernizing supervision as well as integrating and increasing the competitiveness of European insurers by requiring them to hold enough capital to absorb significant losses.
This week, on Wednesday 27th of May, Luxembourg will have the honor of hosting the 7th International Conference of Insurance Europe. The theme of this year’s conference is the “Globalization of the insurance industry”.
On March 4 2015, the European Banking Authority (EBA) published a consultation paper on the draft Guidelines on sound remuneration policies, as mandated by Articles 74 and 75 of Directive 2013/36/EU – the CRD IV. These guidelines are meant to replace the so-called “CEBS Guidelines on Remuneration Policies and Practices” published by the Committee of European Banking Supervisors (CEBS), the EBA’s predecessor, in December 2010 in the context of the CRD III.
Today we have urged the OECD to go further to make sure that its BEPS initiative to tackle tax evasion by multinationals does not penalize European retail investors. What I’d like to see is a watertight directive from the OECD that would not leave individual countries the option to put punitive rules in place.
The increasing availability of data is important to the way in which companies approach business issues. By using data appropriately, companies can make rapid, informed decisions. The development of complex IT programs is required to extract and analyze strategic information from big data. Strategic information is highly important to business, and is now available through unstructured digital channels like smart phone applications, social media, and other emerging internet platforms and applications. “Big data” is an all-encompassing term describing the cumulation of currently accessible data. Value is the key concept here, referring both to the value resulting from the use of big data and to the cost of the technology required to analyze such large volumes of information.
Die Verwendung eines Kontrollberichtes zur Überwachung von übertragenen Tätigkeiten kann neben anderen Kontrollmaßnahmen ein sehr effizientes Mittel zur Überwachung von übertragenen Tätigkeiten sein. Es ist jedoch nicht damit getan, den Kontrollbericht sorgfältig in einem Ordner abzuheften.
Businesses are constantly looking for new products, technologies, new markets and consumers. They enter new partnerships or outsource part of their operations to third parties. How can you be sure that new partners are providing trustworthy information and that outsourced operations are being properly monitored?
KPMG has now released the 3rd edition of the ALFI/KPMG European Responsible Investing Fund Survey.
It is great to see the results of this survey reflecting a growth and dynamism of this sector and that product innovation and a set of promising opportunities – such as the development of green and social bonds – have been highlighted.
Flexibility, autonomy and freedom define the future of the workplace, says Jörg Castor of the Fraunhofer Institute in Stuttgart, Germany. In front of business leaders, owners and managers from Luxembourg on the occasion of a LuxReal event at 39 JFK, the labour scientist gave insights into people management and how businesses can adapt their workplace for the Millennial generation.
Do you see yourself as part of a collective and bow to discipline? Do you prefer face-to-face communication? Do you follow a lifelong loyalty “decision for life” approach? Do you strictly separate work and private life? Do you believe in hierarchies?
Will new advancements set in motion by technology-based corporations lead to a shift in the automotive market? Even though there are many new emerging tech companies that look like they are trying to win a share of the automotive sector – think Google and its driverless car – the current market leaders will continue to dominate in the coming years. Or at least, that is what automotive executives who responded to the KPMG Global Automotive Executive Survey told us.
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