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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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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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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Mid-term elections in the European Parliament
On 18 January 2012, the European Parliament elected its president for the second half of this assembly's mandate. Together with the new president, 14 vice-presidents were also elected as well as 5 quaestors, amongst whom Luxembourg MEP Astrid Lulling was reelected.
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Of considerable weight: the impact of the Luxembourg financial industry
According to the latest study on the impact of the financial centre on the Luxembourg economy, the direct and and indirect added value of the financial sector increased by 19% in 2010. The financial sector and related activities thus represent 38% of Luxembourg's gross domestic product.
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Pourrons nous encore bénéficier d'une pension viable ?
Grand nombre de personnes au Luxembourg s’accordent à dire que le système luxembourgeois des pensions n’est plus viable à long terme. Une réforme drastique pour assurer la pérennité de nos pensions est donc vivement préconisée.
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Virements: délai d'exécution plus court
Conformément à la Directive sur les Services de Paiements (PSD), depuis le 1er janvier 2012, le délai maximum d’exécution des opérations de virements réalisées au sein de l’Union européenne a été considérablement réduit.
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ABBL response to MiFID II questionnaire
The European Parliament issued on 20 October 2011 a questionnaire, drafted by Markus Ferber, asking a feedback for the Directive proposals for MiFID/MiFIR .
All interested stakeholders were invited to complete the questionnaire.
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The .brand and .bank Top Level Domain Issue
In the future, internet address names may end with almost any word in any language, offering organisations around the world the opportunity to market their brand, products, community or cause in new and innovative ways. During a conference organised by ABBL on 10 January 2012 Jean-Paul Zens (Media and Communication Service of the Ministry of State), Olof Nordling (ICANN, Brussels), Craig Schwartz (BTS/The Financial Roundtable), Davig Hagen (CSSF) and Jean-Louis Schiltz (Schiltz & Schiltz) presented and discussed the administrative, technical, commercial and legal aspects of this new Internet landscape.
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Luxembourg pionnier en matière de Family Office
La place financière luxembourgeoise est sans aucun conteste un centre de compétence en matière de private banking. En réponse aux nouveaux besoins des investisseurs mais surtout eu égard de la situation conjoncturelle, notre place financière doit se réinventer sans cesse.
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The bottle half-empty: A personal appreciation of the regulatory year 2011
At this time of the year, it is usually time to look back on what has been going on and think a bit about the next few months and what may lie in store for us. 2011 was a year full of events, big and small, nearly from day 1.
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Calendar of public and bank holidays for 2012
Calendar of public and bank holidays for 2012.
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Qui détruit le modèle social luxembourgeois ?
Ce que l’on appelle communément le « modèle luxembourgeois » repose en fait sur deux piliers: le dialogue entre partenaires sociaux et une protection sociale hors du commun. Pour que dialogue il y ait, les partenaires sociaux doivent se réunir autour d’une table, dresser le constat objectif des choses et faire des propositions qui permettent de maintenir à terme la protection sociale.
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FATCA: Turning US persons into toxic liabilities
13 December 2011 – Invited as guest speaker by Democrats Abroad, Jean-Jacques Rommes, CEO of the Luxembourg Bankers’ Association, provided an insight into FATCA and its consequences for the benefit of those most directly concerned by the legislation: US citizens living abroad.
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The future of Luxembourg private banking: adapting to changing client profiles
Luc Rodesch, Head of the ABBL's Private Banking Group, on changing client profiles, "Rubik", and future challenges and opportunities for the Luxembourg private banking industry.
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Private Banking in 2020
Over 160 people attended the conference "Private Banking 2020" organized by the ABBL’s Private Banking Group, Luxembourg (PBGL) on 8 December 2011. Luc Frieden, Minister of Finance, was the keynote speaker of the evening. Minister Frieden drew up a "portrait" of the financial crisis and its consequences for our financial centre.
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Promoting Luxembourg in the Middle East: What’s on the MENA?
In January 2012, a delegation of the Luxembourg financial centre will accompany Minister of Finance Luc Frieden on a fianncial mission to the Middle East. An interview with Fernand Grulms, CEO of Luxembourg for Finance, the agency for the development of the financial centre.
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Shouting things loudly does not make them true
Today, it has become pretty much an accepted truth that banks are guilty and that they should pay. Yet very few people actually lose much sleep thinking about what it is that banks are supposed to be guilty of and why they should pay. These days, simply saying that it is the fault of banks is more often than not enough to convince people of the truth of one’s argument. The extent to which personal opinion, loudly expressed, trumps over truth is easily illustrated by the ongoing Euro crisis.
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ICTluxembourg: nouveau challenge pour la place financière luxembourgeoise
Promouvoir le secteur des technologies de l'information et de la communication (TICs) à Luxembourg: une priorité pour assurer la pérennité du secteur économique dans son ensemble.
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The Return of MiFID
On 21 November 2011, the ABBL held a special information session on the review of the Markets in Financial Instruments Directive (MiFID), following the recent adoption by the European Commission of two proposals: a Directive (MiFID II) and a Regulation (MiFIR).
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