Let’s be honest, “Are you ‘Fit and Proper’?” isn’t usually the first question one asks when starting a conversation. There are plenty of other options —and probably more enticing ones— for small talk. Of course, this also depends a little bit on where you live. Here in Luxembourg, chatting about …
Banks are increasingly reporting on their future contribution towards sustainability. The most common public commitment is their ambition to redirect capital flows towards sustainable investments as part of the lending business. This is where the green asset ratio comes into place as it shows how green banks’ portfolios are. But …
Yes, we are moving more and more towards a cashless society. But what does that mean for banks? Underneath the shift to cashless lies a larger, more profound change. Not only are traditional ways of paying for goods and services — including the humble paper check and analogue invoices — …
Today, the entire banking sector represents half of Luxembourg’s financial services market. However, between 2010 and 2020, the number of banks operating in Luxembourg decreased from 147 to 128, which translated into a decline in net results from EUR 3.8mn to EUR 3m. Yet, when looking at the corporate banking …
Less than two years ago we wrote a blog entry about securitisation, in which we attempted to explain in layman’s terms what securitisation is, and examined the opportunities and challenges of these structures. In the article, we also looked at the Luxembourg securitisation market through our 2020 Securitisation Market Survey. …
In the past few years, most banks have come to understand that if data is the new oil for companies, then it just might be the new gold for them. Following this, most banks also realise that it will take Artificial Intelligence (AI) to unlock that data gold. Sounds pretty …
In this article, we dive into the EU Taxonomy for sustainable finance based on the 2021 report by the UNEP FI (United Nations Environment Programme Finance Initiative), and the European Banking Federation (EBF). We are especially focusing on the Taxonomy in banking. Given that most companies are at different stages …
How much do we dislike starting another blog with the word COVID in a prominent position? We don’t want our readers’ eyes to glaze over, or for the headline to mistakenly suggest negativity. Because we find this week’s topic – appreciating what is new and innovative in Luxembourg’s banking sector …
Corporate banking is growing in importance to not only Luxembourg’s economy but also to ensure a successful future for the banking sector. Corporate banks need to differentiate themselves and generate real value and that translates into responding to increasing challenges such as cost discipline, related to end-to-end process streamlining, for …
Securitisation wants to polish its reputation, but the task is arduous and takes time. Over the past few years, securitisation has become one of the funding and risk transfer methods that banks and other capital market players prefer. It also has the blessing of the European Commission in the context …
