The insurance industry is in a unique place right now, something akin to the calm before the storm. There are multiple changes, especially when it comes to technology and innovation that are about to rock the boat and bring serious changes. To discuss them, we’re having our first guest blog, …
As the UK will trigger article 50 by the end of March, Brexit starts taking shape. We’re looking at short and long-term prospects for the UK economy, as well as how businesses should gear up.
In a competitive job market, transparency around progress on diversity can strengthen the brand with customers and potential recruits. Having diversity in points of view helps leaders think through the best course of action for their situation. How high is gender diversity on CEO’s agendas and where do we stand …
Automation has grown up. In recent years, a new class of software known as digital labour or robotic process automation (RPA) has emerged. Financial institutions are looking to these tools to automate a wide range of activities without the need for complex programming. We think 2017 could be a breakout …
The UK will have to rethink its activities passported to the EU because of Brexit. Significant legal uncertainties will arise for UK banks to get EU equivalencies and as a result of the loss of EU passporting. London will then have to work like the Swiss, with EU hubs beyond …
Almost a decade after the global financial crisis, financial institutions still have to cut costs to contain the low growth, low margin and highly-regulated environment. Outsourcing and offshoring have helped in the past, but they’re no longer enough. Businesses must now turn to technology and digitalisation to move forward.
Cyber crimes, money laundering, robbery, selling of controlled substances, and abuses of economic aid are all examples of economic crimes. New criminal trends have recently emerged in different business sectors and industries. We interviewed Robert Mazur, the former US federal agent who went undercover deep into Pablo Escobar’s Medellín Cartel and …
The Luxembourg VAT authorities have just released their 2016 annual activity report. While this document discloses last year’s milestone figures, it also sets their objectives for 2017. In the light of the tax reform, VAT authorities will particularly beef up penalties and introduce personal liability of directors while intensifying electronic …
The Reserved Alternative Investment Funds (RAIF) grants fund managers an additional opportunity to set up a new form of Alternative Investment Fund (AIF). While RAIF combines the features and structuring flexibilities of existing regulated vehicles in Luxembourg, it is not subject to CSSF supervision. We put together practical information to set …
Economic crime continues to be a dominant item on the business agenda and no industry sector, region or size of business is immune. Instances of economic crimes continue to increase in frequency around the world and are a key concern for Luxembourg companies, which are particularly exposed. Here are three facts that …
