Funds

EU Sustainable Finance explained

Riikka Sievänen, Senior Manager at KPMG in Finland, has written the following article about how to navigate the European Commission legislative proposals for sustainable finance. The original article can be read here.   Part I - An overview Megatrends, and particularly climate change, have become key topics on the agenda of corporates, investors […]

The M&A trends driving Luxembourg’s banking sector

This article was written together with Krasen Monovski. The banking market in Luxembourg has recently seen a surge in deal activity, with a multitude of strategies employed by buyers and sellers alike. While this industry is robust and well-positioned for growth, there is nevertheless significant pressure on firms to improve profitability and innovate service […]

Reliable sustainability information: the dawn of a new era

Environmental, social, and governance (ESG) data is being used more and more systematically. Why? It’s ultimately down to a shift in investor mindset towards issues like global warming, resulting in (and driven by) initiatives like the European Commission’s Action Plan on Financing Sustainable Growth, which strengthens regulations on sustainability disclosur […]

New Luxembourg law protects fund sector from Brexit

On 28 March 2019, the Chamber of Deputies passed a law that grants investment funds a one-year delay in which to solve breaches of investment rules and EU passporting issues that would result from a “hard” or “no-deal” Brexit. The main objective of this law is to maintain market stability and protect investors from negative Brexit-related consequences. […]

Brexit and asset management: the Luxembourg transfer pricing perspective

The asset management industry in the United Kingdom is the one of the biggest in the world, while Luxembourg is often cited as a key jurisdiction for asset management too, being the largest fund domicile in the EU. At present, although the Brexit negotiations between the UK and EU seem to be at a standstill, many leading asset management firms are planning fo […]

AIFMD Report – a first step towards AIFMD 2

Although the AIFMD is still somewhat in its youth, this key asset management Directive contains a review clause that required the European Commission to start to review the application and scope of the directive in July 2017. A first important milestone in this review was reached in January 2019 when the Commission published a report exploring whether the AIFMD� […]