Regulation

Crypto assets and NFTs: Reporting and CRS Changes

Big changes in crypto-asset reporting and CRS At the request of the G20, and in view of consistently increasing tax administrations visibility, the OECD released a public consultation document on 22 March 2022 introducing a Crypto-Assets Reporting Framework (CARF), as well as proposed amendments to the Common Reporting Standard (CRS). In recent years, we†[…]
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ICAAP, ILAAP and stress testing: everything banks need to know about the new CSSF circular

What’s the story? Banks in Luxembourg are facing new supervisory expectations as regards their ICAAP, ILAAP and stress testing frameworks following the latest CSSF publication. What are the key changes introduced by the new circular? And how will they affect your bank? Get started by reading this digest. Tell me more On 23 October 2020, the CSSF released […]
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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 […]

Cloud services: changes on the way for Luxembourg insurers

Check out our lastest blog on this topic ! On 24 June 2020, Luxembourg’s insurance regulatory body (Commissariat aux Assurances – CAA) published Circular Letter 20/13 concerning the EIOPA guidelines on outsourcing to cloud service providers (EIOPA-BoS-20-002). Through this circular letter, the CAA clarifies that it fully intends to apply these guidelines, i […]

GDPR and data privacy in 2020 – Staying on the ball

More than three years on from publication of the official GDPR text, we might have expected what was once the hottest topic in town to have simmered down somewhat. But au contraire…Here we are in 2020 and the subject of data protection has never been more relevant. 2019 was all about GDPR compliance projects, seeking clarification concerning the various cha […]

A new decade, what next for cybersecurity?

David Ferbrache, Global Head of Cyber Futures, KPMG in the UK offers 10 cybersecurity predictions for the year ahead Our world is changing, and with it, the cybersecurity challenges that we all face in securing that world. The coming of a new year is, of course, just another day in the calendar, but it’s also a chance to take stock and wonder just what the […]
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