Disclaimer: This blog entry was updated on 2 January 2025 to reflect the Luxembourg Parliament’s vote on 11 December 2024 to approve the bills amending the Luxembourg income tax legislation. Marianne recently completed her master’s degree in economics from Trinity College and is now seeking her first job. She plans …
Much like a top contending team in the European Championship, Luxembourg’s corporate banking sector excels by consistently strategising and optimising its operations. But to understand its prominence, we need to look back at its history. Its rise began in the late 1960s when German banks entered the pan-European markets, capitalising …
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 …
We know —and understand—that you are probably tired of any mention of the COVID-19 crisis, but frankly, it’s unavoidable. Even as its presence fades from our daily lives, the lessons learned during the pandemic, particularly during the lockdown, have definitively led to a new way of thinking, a new business …
Once upon a time, there was a cicada that spent the summer singing and dancing, while the ant worked hard to store up food for winter. When winter finally arrived, the cicada found itself hungry and begged the ant for food. However, the ant reproached its idleness and asked, “Why …
With the pressure on governance and tax substance increasing, it’s time for Luxembourg entities to fully appreciate the importance (and value) of a proper and well-managed corporate secretary to address these very challenges. “Corporate secretary is a commodity” The above sentence has been the motto for the last decade, as …
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 …
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 …
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 …
We can make an analogy between the bottleneck in supply that creates economic growth constraints and puts pressure on prices, and the real estate sector in Luxembourg, where prices keep rising. Both are clear illustrations of how tensions between supply and demand impact prices, especially when supply is inelastic. Globally, …
