If the European Union (EU) legislative process had anything to do with pop music, its latest regulation could be called “Oops I did it again”. To be fair, the Artificial Intelligence Act (AI Act) is probably not as enjoyable as Britney Spears’ 2000 hit, but it’s certainly as memorable. When …
In our previous blog, we looked at an overarching summary of the results of our CEO Survey Report 2021 – Luxembourg Findings and asked the question, “Why are Luxembourg CEOs embracing the future with optimism?”. (p.s. If you want to know the whole answer, you have to read the blog). …
Two years after the coming into force of the GDPR, we are seeing over 300 GDPR sanctions across EU countries, and ongoing discussions on how to prove compliance as seen by different data protection authorities. But is GDPR compliance really a local challenge, one company branch in one EU country …
Is the need for privacy inherent to human nature or a temporary error shaped by the artifacts and technology that our brains have invented in the last millennium? Private rooms only appeared somewhere in the last 600 years, and solo reading, in silence, became a common behavior when the printing …
“Virtue is more feared than vice, because its excesses are not subject to regulation of conscience” stated Adam Smith. Aren’t laws, after all, trying to limit any potential excesses of our conscience? Innovation and regulation are bound to play the cat-and-mouse game. And you can easily figure who tries to …
Tax has become a reputation issue. Building public trust is a priority for companies and the industries they are part of, to increase their resilience in a world where technological advancements are caffeine and confidence is an anxiolytic that balances things out. Clear communication around tax is one way to …
Be honest. We promise not to judge. You’re a company established in Luxembourg. How much of your GDPR action plans have gone from paper into practice? Are you 100% aware of what happens to all your clients’ data in all the areas of your business? Have you been able to …
“We’ve updated our privacy policy.” You too! You swear to the stars, and to the GDPR. Arguably one of most ambitious data privacy laws due to its implications, geographical scope and sanctions, the GDPR (General Data Protection Regulation), made businesses shake from the Davids to the Goliaths in the months …
In a year marked by the enforcement of several regulations, banks have their hands full. Investor protection (MiFID II), online payment innovation (PSD2), clients’ data privacy (GDPR) are among the regulations 2018 has seen being enforced. The banking sector is also undergoing a significant change when it comes to internal …
The PSD2 is the revision of the first Payment Services Directive (PSD) that the European Commission adopted in 2007. It aims to regulate the activities of payment service providers and to create a harmonised framework across Europe. With this new regulation we expect an increase in the number of providers …
