ABBL
Association des Banques et Banquiers, Luxembourg
The Luxembourg Bankers' Association
Luxemburger Bankenvereinigung
Luxembourg et Danemark : Nouveaux centres d’excellence pour les activités IT
Afin de mieux faire comprendre les enjeux des nouvelles opportunités que nous offrent ce secteur en plein essor, l’ABBL organise en partenariat avec l’Ambassade du Danemark, le Centre de Recherche Henri Tudor, le CFIR (Copenhagen Finance IT Region) un séminaire intitulé « Luxembourg and Denmark : Finance and IT Accross Borders ».
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Regulation adopted on short selling and credit default swaps
The Council adopted on 21 February 2012 a regulation on short selling and certain aspects of credit default swaps which introduces common EU transparency requirements and harmonises the powers that regulators may use in exceptional situations where there is a serious threat to financial stability.
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EMIR: New clearing rules
On 9 February 2012, Michel Barnier welcomed the work done by the major EU Institutions that have finally reached an agreement on the contested EMIR proposal. This would mark the entry of a new actor in the legislative process: Indeed, ESMA will now be required to prepare with the EU Commission secondary level legislation.
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Révision des normes GAFI: changements majeurs pour le secteur financier
Les nouvelles règles, concernant aussi bien la lutte contre le blanchiment de capitaux que contre le financement du terrorisme et de la prolifération des armes de destruction massive, ont été adoptées par le GAFI lors de sa dernière réunion plénière. La CSSF présente les changements majeurs ayant un intérêt pour le secteur financier.
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ESMA launches a consultation on EMIR
The Regulation of the European Parliament and Council on OTC Derivatives, CCPs and trade repositories (EMIR) delegates or confers powers to the Commission to adopt regulatory technical standards (RTS) and implementing technical standards (ITS) on a number of areas. This discussion paper covers the draft RTS and ITS which ESMA is required to develop.
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EBF statement on Financial Action Taskforce Standards
The European Banking Federation welcomes the new Recommendations published by the Financial Actions Taskforce (FATF) this week in support of the fight against Money Laundering and Terrorist Financing.
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Banque Raiffeisen: Bonnes performances dans un environnement difficile
La Banque Raiffeisen a clôturé l’exercice 2011 avec de bons résultats. Elle a pu accueillir un nombre considérable de nouveaux clients et a développé ses activités sur le marché luxembourgeois.
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FATF steps up the fight against money laundering and terrorist financing
The Financial Action Task Force, the global standard-setter in the fight against money laundering and terrorist financing, has revised the Recommendations after more than two years of efforts by member countries.
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Pour une charte en faveur de la diversité et de l’égalité des chances au sein du secteur financier
L’ABBL s’engage à promouvoir un modèle de charte axé sur la diversité et l’égalité des chances professionnelles auprès du secteur financier. L'ABBL a officiellement présenté cette charte le 16 février 2012 en présence de Mme Hetto-Gaasch, Ministre de l’Egalité des chances, de Monsieur Carlo Thill, vice-Président de l’ABBL et de Monsieur Jean-Jacques Rommes, CEO de l’ABBL.
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Résultats d’ING Luxembourg pour l’ensemble de l’année 2011
En 2011, ING Luxembourg enregistre un bénéfice net de près de 110 millions EUR et des revenus de plus de 230 millions EUR, malgré un environnement économique difficile. Tous les métiers d’ING Luxembourg ont contribué à la performance.
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Lex Mundi admits Arendt & Medernach as its member firm for Luxembourg
Lex Mundi’s Board of Directors voted unanimously to admit Arendt & Medernach as the exclusive member firm for Luxembourg. Lex Mundi is the world’s leading association of independent law firms. The association has more than 160 member firms around the world, representing approximately 21,000 lawyers.
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Simple and efficient cross-border payments
Cross-border bank transfers should become faster, cheaper and safer for EU citizens thanks to "single European payments area" legislation passed by the European Parliament on 14 February 2012. EU-wide rules to ensure that banks compete fairly, eliminate hidden national charges, and accelerate transfers could save up to €123 billion within six years, benefitting clients, banks, and businesses.
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The EBA’s Board of Supervisors makes its first aggregate assessment of banks’ capital plans
The EBA’s Board of Supervisors made a preliminary assessment of banks’ capital plans submitted in response to the EBA’s Recommendation on recapitalisation. Their review highlights that, in aggregate, the shortfalls are expected to be met primarily through direct capital measures.
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EP-Council deal on rules for a safe and transparent derivatives market
After long negotiations a compromise deal on new EU legislation to regulate trade in over-the-counter (OTC) derivatives and make the derivatives market safer and more transparent was struck by Parliament and Council representatives on 9 February 2012.
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Restoring the health and stability of the EU financial sector
The EU is in the end phase of its biggest ever programme for financial services reforms. Around 30 measures have been proposed or adopted, including almost all the key ones agreed at the G20. The EC's goal is for all new legislation to be in force by 2013.
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Société Générale Private Banking primée pour son offre de produits structurés au Luxembourg
La Société Générale Private Banking élue meilleure banque privée pour son offre de produits structurés en France, au Luxembourg et à Monaco.
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Commission welcomes US move to ensure enhanced international tax cooperation in a more business-friendly way
The Commission welcomes the USA's acceptance of an government-to-government approach to tackling tax evaders and implementing the US Foreign Account Tax Compliance Act. This more business-friendly arrangement for EU financial institutions is the result of intense discussions with the USA, following a letter sent by the Commission and EU Presidency to the US tax authorities in April 2011.
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New FATCA regulations
The US Treasury Department and IRS released for publication in the Federal Register proposed regulations (REG-121647-10) as guidance concerning information reporting by foreign financial institutions for U.S. accounts, and withholding on certain payments made to foreign financial institutions and other foreign entities under the Foreign Account Tax Compliance Act (FATCA).
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Promoting projects that benefit society at large: the European Foundation Statute
The Commission has presented on 8 February 2012 a proposal for a European Foundation Statute to make it easier for foundations to support public benefit causes across the EU. Foundations pursue objectives benefiting the public at large. Their activities focus on areas that are important for European citizens and the European economy. For instance, they are active in social and health services; they foster research and promote culture. To this end, foundations award grants and run projects.
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Accenture Innovation Awards BeLux - Financial Services : Digicash décroche le prestigieux prix du jury
Le 2 février dernier, la solution de paiement mobile luxembourgeoise Digicash a remporté le « prix du jury » lors des premiers « Accenture Innovation Awards Belgium and Luxembourg for Financial Services », qui récompense les projets et produits les plus innovants du marché des services financiers en Belgique et au Luxembourg. Digicash est un système de paiement mobile qui permet de régler les achats dans les commerces, les factures à domicile et les achats e-commerce au moyen du téléphone portable. Développée par Mpulse, société luxembourgeoise spécialisée dans les paiements via mobile, cette innovation a notamment bénéficié du soutien du Gouvernement luxembourgeois dans le cadre d’un programme de recherche et de développement.
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