PRESS RELEASE [17.02.2022] Luxembourg takes over the chair of the European Cybersecurity Competence Centre Pascal Steichen, CEO SECURITYMADEIN.LU, has just been elected Chairman of the newly established European Cybersecurity Competence Centre, following the second Governing Board meeting held yesterday. Yesterday, the Governing Board of the European Cybersecurity Competence Centre officially met for
News release 14 February 2022 HSBC is launching Real-Time Payments in Luxembourg HSBC is among the first international cash management banks to go live with Real-Time Payments (RTP) in Luxembourg. RTP accelerates cross-border payments by enabling clients to send and receive up to EUR100,000 per transaction between reachable accounts in any of the
Luxembourg, 14 February 2022 IM-MOBILITY pushes the boundaries Banque Internationale à Luxembourg unveils the latest part of its multidisciplinary IM-MOBILITY exhibitions. Launched in 2021, IM-MOBILITY brings together artists and innovative businesses who, through their work, question our relationship with space, and lay the foundations of our future means of transport. The new display includes works of
Press Release Mayor Tonino and U.S. Ambassador Barrett Commemorate the 77th Anniversary of the Liberation of Vianden On February 12, the Mayor of Vianden, Claude Tonino and the U.S. Ambassador to Luxembourg, Thomas Barrett, laid a wreath at the U.S. Memorial
Luxembourg Business Register: additional filing formalities for natural persons take effect from 31 March 2022 You will recall our previous note on the Luxembourg national identification number (LNIN) needed to update your records with the Luxembourg Register of Trade and Companies (Registre de commerce et des sociétés) (RCS). It is now official: as of
IQ-EQ appoints Matt Okolita as Global Head of Outsourced Business Services Okolita’s role will see him lead the firm’s global outsourced business services arm as part of IQ-EQ’s growth strategy IQ-EQ, the most complete service provider to the global community of alternative asset managers today announced that it has named Matt Okolita
General Members News New distribution services from BIL: laying the foundations for the bank of tomorrow More accessible, more connected, and more specialised, Banque Internationale à Luxembourg (BIL) places clients at the heart of its new range of services in Luxembourg. It strives to better meet client expectations in a rapidly changing sector. This new
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IQ-EQ appoints new Global Head of Transformation for strategic growth Frédérik Benoit is named as the Global Head of Transformation, a new role which highlights the Group’s continued commitment to setting strategic goals in a complex business landscape. Frédérik has 32 years operations and technology securities services experience, spanning senior leadership roles in Luxembourg,
Transaction reporting errors expose huge gaps for market abuse and systemic risk monitoring ACA Group research has detected more than 6 million transaction reporting errors across a sample of 30 review projects, averaging 200,000 errors per review 97% of reports under MiFIR/EMIR contain inaccuracies Despite this, 87% of firms are confident in the quality
31 January 2022 New promotions at BSP for 2022 Following the promotion of four new partners, BSP is pleased to announce the promotions of thirteen lawyers and two supporting staff. The promotions have been made across several departments of the firm including tax, corporate and M&A, investment management, private equity, litigation, and within the
Data, cloud, cybersecurity: one tapestry, not three silos Over the last fifty years, Luxembourg has gone from strength to strength in the industries of investing, private banking, insurance and corporate lending. The end result is that the Grand Duchy has gained itself an important role in the financial sector in Europe. Firms based out
