KPMG Luxembourg
CSSF Circular 20/750 implements EBA Guidelines on ICT and security risk management in Luxembourg
On 25 August 2020, the CSSF published Circular 20/750 implementing the EBA Guidelines on ICT and security risk management in Luxembourg. These guidelines establish a consistent approach to the mitigation and management of these risks in all EU countries. Are you ready for the Circular? Download our self-assessment to assess your preparedness and define a resp […]
Sustainable finance and insurance: turning the Covid-19 experience to long-term advantage
This article has been written together with Armand De Vaugelas. The recognition of pandemic-type risks as being highly disruptive is far from new to the insurance sector. Back in 2013, around 3,000 insurers took part in a poll to name the most extreme risks to their industry. The responses identified a pandemic from a new and highly infectious and fatal disea […]
What US tax compliance means for the asset management sector
The US Internal Revenue Service (IRS) is increasing its efforts to ensure that non-US entities, including Luxembourg investment funds, comply with US tax rules. Tax authorities seem particularly focused on the following implications: Making US investments may lead to US tax compliance obligations: A company claiming treaty benefits should no […]
ETFs and the future of active management
A decade of tremendous progress for ETFs and passive investing Did you know that over the last 10 years Vanguard picked up 87% of new net assets (inflows) of mutual funds with about two-thirds going to its largest index funds? The shift of investor money from active into passive funds has certainly contributed to a fundamental reshaping of the competitive […]
ESG for insurers: from marketing consideration to better executive judgment
Why insurers need to integrate ESG Today, financial players are hungrier than ever to understand the relationship between ESG (Environmental, Social and Governance) factors and entities’ improved performance. Greatly affected by environmental changes, the insurance industry is no exception. As the largest institutional investor group in Europe — an […]
