Cyber threats are skyrocketing. As we’ve recently seen, hackers come up with increasingly sophisticated malware, targeting all industries, including the financial sector. While they easily trade hacking tools on the dark web, many companies still fail to properly take into account cybersecurity risks. Since crises are hard to anticipate and …
With more than 75% of UCITS funds distributed all over the world, Luxembourg is a global leader for cross-border distribution of investment funds. At this magnitude, new players have emerged: Management Companies. These companies can market funds using the passport throughout the European Union. Luxembourg hosts nearly 300 of them. All …
Advising, identifying, instructing, acknowledging, processing, checking, confirming, monitoring, reconciling, reporting, storing, regulating, auditing – the fund-distribution value chain is complex and has many intermediaries. Distributed ledger technologies are, however, bringing about a new business model for the asset management industry.
The European Court of Justice has recently ruled that Luxembourg’s legislation on the cost-sharing exemption has been transposed too widely. This VAT exemption is widely used by the country’s financial services industry. And the impact of this decision for bankers, assurers and asset managers would likely to be severe. Frédéric Wersand, …
Is Luxembourg the European business greenhouse? Judging by the confidence Luxembourg CEOs show when it comes to growth prospects and their readiness to assess business performance beyond profits, the Grand Duchy is a rock in an ocean of political and economic uncertainty.
The mounting skills gaps within financial services (FS) are spurring a rethink of how we source and select talent. A key element of this shift is aligning recruitment strategies with diversity and inclusion, as FS organisations look to attract more women and people from other underrepresented groups.
As a cost-effective way to achieve a broadly diversified portfolio, ETFs are hard to beat. In Europe, this market has grown steadily and boasted approximately US$565 billion Assets under Management at December 2016. Industry participants expect asset growth to accelerate by approximately 27% annually over the next five years. Here are four …
Digital marketing will not be the same when the General Data Protection Regulation (GDPR) enters into force in May 2018. Many of us use online customers’ data for different reasons, from content delivery to remarketing or cookies’ tracking to craft more personalised web journeys. How will GDPR impact marketing practices …
The European Parliament has approved the new Regulatory Technical Standards for PRIIPs in early April. Whether you are an insurer, banker, asset manager or third party, you fall within their scope.
Can you imagine what would be like to have wholesale insurance using blockchain? We take a look at those unique features of blockchain that are likely to create new organisational and operational opportunities for the insurance sector. Here are the three main areas where blockchain could be a game-changer:
![[VIDEO] Luxembourg cost-sharing exemptions in danger](https://blog.pwc.lu/wp-content/uploads/2017/05/In-conversation-with-Frederic-Wersand.png)
