Financial Services

Clock is ticking – EBA draft Guideline on Loan Origination and Monitoring

Following this September’s public hearing on the draft Guidelines (GL) on loan origination and monitoring (EBA/CP/2019/04) at the European Banking Authority (EBA) headquarters, it is crucial for credit providers - including banks - to start implementing the GL (even before they are finalized) given the tight deadline. Here’s all you need to know to be ready […]

Asset Managers: Are you on track to meet the DAC 6 deadline?

Mandatory Disclosure Rules (MDR) emerged following the OECD’s ambitious anti-tax avoidance project on Base Erosion and Profit Shifting (BEPS) launched in 2015. Also known as DAC 6, it is the latest EU initiative regarding the automatic exchange of tax information. Aimed at identifying harmful tax practices and further increasing tax transparency, MDR will i […]

The Zombie Effect…In Luxembourg & Beyond

This article has been written together with Frederic Mazarin. Since the 2008 recession, we have witnessed the infiltration of seemingly benign economic creatures with a dark side…They limit domestic productivity and threaten to exacerbate a future economic downturn. They are the zombie firms. Zombie firms can be defined as companies where turnover is s […]

CSSF publishes new UCITS risk reporting requirements | quick action required!

On 22 April 2016, the CSSF released a new circular letter which requires UCITS funds to complete and file a substantial new reporting template related to the risk and risk management of UCITS funds.

Remuneration rules for Non-EU Portfolio Managers of alternative funds

What to do about AIFMD? A question being asked by Non-EU Portfolio Managers, including in the US. And one of the main talking points is, unsurprisingly, the famous remuneration rules. Is there a way around them? Who do they apply to? What should I be doing? Just a few questions my colleagues Chrystelle Veeckmans, Jane Wilkinson, Charles Muller and Julien Biebe […]

London calling in Guildhall

As announced in our previous blog, Pierre Kreemer, Alison Macleod, Victor Chan Yin, Yves Courtois, Jane Wilkinson, Lutfije Aktan, Mickael Tabart and I joined the ALFI London Roadshow that took place in the fantastic historical setting which is Guildhall on 14 May 2014. Just like the success of The Clash hit “London Calling” - which often makes it's way o […]