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 …
Man cannot discover new oceans unless he has the courage to lose sight of the shore. — Lord Chesterfield In his work “The Lusiads”, Portuguese poet Luís Vaz de Camões extolled the epic maritime adventure that was the discovery of the sea route to India. The global expedition, led by …
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). …
The PRIIPS Kid is undeniably a good idea. But will it deliver as expected? Packaged retail investment and insurance products (PRIIPs) include all publicly marketed financial products that have exposure to underlying assets—stocks, bonds, etc.—that provide a return over time, and have an element of risk. Or, to put it …
“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 …
This isn’t an article about wealth management trends only, but a story inspired by what clients in the industry are living nowadays. Taking into account their anecdotes and questions, and the Wealth Management Forum held in Crystal Park in early November as an invaluable information source, we’ve written down this …
“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 …
