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 …
How many emails asking you to review your privacy settings or update your newsletter subscriptions have you received in the last month? Of these, on how many of the links included in the email did you actually click? We made a quick poll and found there were two common answers. …
With the year coming to an end, 2018 will prove to be a period of change. In order to make sure you are ready for regulation & digital, we’ve created a special New-Year menu. Enjoy!
The revised Payments Services Directive (PSD2) goes into effect in Europe in January 2018, but few banks are ready. By law they will need to make customer data available in a secure manner, and eventually to give third-parties access to their customer’s accounts. But equally important to these compliance efforts …
On 1 January 2018, Value-Added Tax (VAT) will come into effect for the first time in the Kingdom of Saudi Arabia and in the United Arab Emirates (UAE). Bahrain, Qatar, Kuwait and Oman will follow shortly. So far, these countries have benefitted from significant oil-related income. Yet, a drop in …
The Luxembourg government is set to bring more flexibility in how financial institutions outsource certain activities. The Bill of Law 7024 aims at facilitating the implementation of outsourcing arrangements and related handling of sensitive client data. We’ve surveyed several business leaders to see what kind of outsourcing strategies they have …
Now that the tax reform has entered into force and the late 2016 announcements are effective, we have a better picture of what 2017 has in store for you. In this post, we analyse the five main VAT changes in Luxembourg and explain in detail what they mean to you.
The EU General Data Protection Regulation (Regulation 2016/679) requires companies to act lawfully, fairly and transparently in their use of personal data and in how they deal with people whose data they process. Businesses have to be transparent and honest about what they’re doing and why. What does that mean?
