LexGo

Banking law


Luxembourg's national risk assessment of money laundering and terrorist financing is now available!

Luxembourg's national risk assessment of money laundering and terrorist financing is now available!
14/10/2019

The Commission de Surveillance du Secteur Financier (the “CSSF”) has published on 9 October 2019 a press release in which it informs professionals subject to its supervision that the national risk assessment of money laundering and terrorist financing is available. 

Read more
New communication from the CSSF to UK managers in the context of a hard Brexit

New communication from the CSSF to UK managers in the context of a hard Brexit
14/10/2019

On 11 October 2019, the Luxembourg supervisory authority, the CSSF, issued a new press release in relation to the mandatory notification process in the context of Brexit to the attention of all UK managers of alternative investment funds ("AIFs") established in Luxembourg.

Read more
IBORs: EONIA to €STR transition started today

IBORs: EONIA to €STR transition started today
03/10/2019

The transition from the Euro OverNight Index Average ("EONIA") to a new interest rate based exclusively on actual transactions – the euro short-term rate ("€STR") – has begun earlier today at the occasion of the first publication of €STR by the European Central Bank (“ECB”).

Read more
Luxembourg to create new regime for dormant bank accounts and unclaimed insurance contracts

Luxembourg to create new regime for dormant bank accounts and unclaimed insurance contracts
02/10/2019

Banks and insurance companies have a growing number of accounts, safes, and insurance contracts which have been inactive for several years and which incur costs.

Read more
ESG: how can clients avoid 'greenwashing'?

ESG: how can clients avoid 'greenwashing'?
01/10/2019

As environmental, social and governance (ESG) principles become increasingly mainstream and with asset managers under increasing pressure to embrace the trend, the number of fund launches featuring ethical and sustainable credentials has grown 

Read more
Luxembourg parallel fund structures

Luxembourg parallel fund structures
17/09/2019

Luxembourg is the largest European and the second largest worldwide fund domicile, due to its efficiency, flexibility and its professional, well-established and experienced fund industry having an excellent reputation

Read more
Upcoming EU interbank offered rates (“IBORs”) transition

Upcoming EU interbank offered rates (“IBORs”) transition
25/07/2019

The European Central Bank’s (“ECB”) working group on euro risk-free rates published earlier this week its final recommendations regarding the EONIA to €STR Legal Action Plan subsequent to the third public consultation issued in this respect.

Read more
Brexit: Mandatory notifications to the Luxembourg regulator for firms, UCIs and their managers established in the UK

Brexit: Mandatory notifications to the Luxembourg regulator for firms, UCIs and their managers established in the UK
16/07/2019

In the event of a so-called “Hard Brexit”, these firms and entities will be considered as “third-country entities” meaning they will lose the benefit from passporting rights and therefore be exposed to sanctions if they pursue regulated activities in Luxembourg without a proper authorisation.

Read more
Ms. MevlĂĽde-Aysun Tokbag

New Luxembourg Prospectus Law
05/07/2019

On 2 July 2019, the Luxembourg parliament adopted the bill of law no. 7328 (the “New Prospectus Law”), implementing Regulation 2017/1129/EU of the European Parliament and of the Council of 14 June 2017 

Read more
Fund finance lending: a practical checklist

Fund finance lending: a practical checklist
20/06/2019

In this chapter we have tried to set out some of the key issues that a lender and its counsel need to consider when entering into a typical subscription (or capital call) finance transaction. 

Read more

LexGO Network