ABBL News

Growth: Handle with care  Published the 09.02.2018
In a press release issued on 8 February 2018, Statec expects that the Luxembourg economy will grow by around 4.5% in 2018 and 2019. According to Statec, growth will benefit from...
ABBL
Who is next? Published the 09.02.2018
That European banks’ legislative and regulatory environment is vastly determined in Brussels is no news. Every banker who comes in touch with it, knows that perfectly well. It doesn’t come...
ABBL
Reform of Article 41 of the Law on the Financial Sector: Professional secrecy and outsourcing arrangements Published the 09.02.2018
On 6 February 2018, the Chamber of Deputies voted the law amending, among others, Article 41 of the Law of 5 April 1993 on the financial sector, dealing with professional...
ABBL
It is sustainable finance o’clock in Brussels Published the 02.02.2018
The European Commission ambitions to make the EU the world most sustainable finance system. In order to reach this goal the European Commission set up last year a High Level...
ABBL
Luxembourg ranks third in the Inclusive Development Index Published the 26.01.2018
According to the “Inclusive Development Index 2017” (IDI), a global index published by the World Economic Forum (WEF) last week, Luxembourg ranks third. The ranking analyses the world’s advanced and...
ABBL
EU Commission approach on cryptocurrencies Published the 26.01.2018
On 23 January, the EU Commission outlined its approach on cryptocurrencies. The extract of Vice-President Dombrovskis’ speech held at the ECOFIN press conference and regarding cryptocurrencies: “In terms of financial services...
ABBL
Starting the review of the ESAs and of their (increased) powers Published the 26.01.2018
To say that the Commission’s legislative proposal on the review of the European Supervisory Authorities (ESAs) raised some eyebrows might be an understatement. When ECOFIN Ministers discussed the text in...
ABBL
Benchmarking the financial sector Published the 26.01.2018
Following a number of cases of benchmark manipulations across the globe, governments and regulatory bodies have put their focus on how benchmarks are set and administered. At European Union level,...
ABBL
EIB: 60 years of investing in Europe and beyond Published the 19.01.2018
The EIB is the lending arm of the European Union owned by its 28 Member States and is the world’s biggest multilateral lender. Founded in Brussels in 1958 as the...
ABBL
Luxembourg: first country in the world to introduce a law on green covered bonds Published the 19.01.2018
On 5 January 2018, the Luxembourg State Council (“Conseil d’Etat”) endorsed the draft bill on banks issuing covered bonds (banques d’émission de lettres de gage) amending the law of 5...
ABBL