News & Analysis as of

Banking Sector Luxembourg

Hogan Lovells

Luxembourg: A new hub for private credit funds?

Hogan Lovells on

Private debt funds, also known as private credit funds, have emerged as powerful investment vehicles, offering diversification and attractive risk-adjusted returns in today's challenging financial markets.  Luxembourg, with...more

Goodwin

The Publication of the CSSF’s Annual Report 2023

Goodwin on

On September 19th, 2024, the CSSF published its 2023 annual report, highlighting key regulatory challenges, particularly in the realm of crypto-assets following the implementation of the Markets in Crypto-Assets Regulation...more

King & Spalding

ELTIF 2 Chancen und Defizite

King & Spalding on

BaFin veröffentlicht einen FAQ zur überarbeiteten ELTIF-Verordnung - Am 1. Februar 2024 hat die Bundesanstalt für Finanzdienstleistungs­aufsicht (BaFin) ein FAQ zur am 10. Januar 2024 in Kraft getretenen, überarbeiteten...more

A&O Shearman

CRD VI cross-border rules take shape

A&O Shearman on

Final provisions on cross-border banking services in the EU published - CRD VI will bring in uniform minimum prudential requirements for third country branches providing banking services in the EU and, more importantly,...more

Morgan Lewis - Tech & Sourcing

Outsourcing in Luxembourg: CSSF Consolidates Regulations for Financial Institutions

The financial services regulations relating to outsourcing by Luxembourg-headquartered financial institutions have been significantly simplified by the introduction of the Commission de Surveillance du Secteur Financier...more

Hogan Lovells

Clarification by the CSSF on the lending to the public concept

Hogan Lovells on

On June 15, the Commission de Surveillance du Secteur Financier (CSSF) updated its Q&A on the statuses of Professionals of the Financial Sector (PFS) with respect to professionals performing lending operations, by giving...more

Dechert LLP

Financial Services Quarterly Report - Fourth Quarter 2019: Developments in the Luxembourg Financial Sector

Dechert LLP on

The Luxembourg government and the CSSF recently have taken a number of measures to combat money laundering and terrorist financing. In other developments: the current Luxembourg Brexit laws will be rendered inapplicable by...more

A&O Shearman

Introduction of a "green covered bonds" regime in Luxembourg and modernisation of the existing framework

A&O Shearman on

On 26 June 2018, the new Luxembourg law on “green covered bonds” amending certain provisions of the Luxembourg Act of 5 April 1993 on the financial sector* (the Law) was published in the Mémorial. Luxembourg is well-known in...more

A&O Shearman

The reform of the professional secrecy in the financial and insurance sector: the key changes

A&O Shearman on

The provisions of the long awaited act of 27 February 2018 (the 2018 Act) which aim at smoothing (especially in the context of outsourcing arrangements) the professional secrecy regime that credit institutions, professionals...more

A&O Shearman

Professional secrecy and outsourcing arrangements – Latest developments

A&O Shearman on

At the time we released our last e-alert on the bill of law n°7024 aiming, among others, at amending article 41 of the Luxembourg act of 5 April 1993 on the financial sector, as amended (the Banking Act 1993) on professional...more

A&O Shearman

Professional secrecy and outsourcing arrangements – Final text to be adopted soon?

A&O Shearman on

Since our last e-alert on the bill of law n°7024 (the Bill of Law 7024), aimed, among others, at amending article 41 of the Luxembourg act of 5 April 1993 on the financial sector, as amended (the Banking Act 1993), which...more

A&O Shearman

EAPO: Luxembourg banks, are you ready?

A&O Shearman on

From 18 January 2017, the courts in the EU Member States will apply Regulation (EC) No 655/2014 (the EAPO Regulation) establishing a European account preservation order (EAPO), which will represent a new (and potentially...more

Dechert LLP

Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

Dechert LLP on

CSSF Press Release 16/17 on Global Situation of UCIs and SIFs at the End of February 2016 - CSSF press release 16/17 of 31 March 2016 summarizes the global situation of Undertakings for Collective Investment and...more

Robinson+Cole Data Privacy + Security Insider

Bitstamp obtains first payment institution license in the world

Bitstamp, the third largest Bitcoin exchange in the world and located in Luxembourg, announced on April 25, 2016, that it has obtained a payment institution license from Luxembourg, which means it is the first nationally...more

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