PRESS RELEASE Luxembourg, 25 November 2021 Banque Internationale à Luxembourg Signs the UN Principles for Responsible Banking Banque Internationale à Luxembourg (BIL) has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry
2021 The event was really a last minute arrangement due to the health crisis in Luxembourg and around the world and the fact that Amcham had cancelled last year’s event due to this! Paul Schonenberg, Chairman of Amcham, in his address, thanked the invited guest for the evening, notably, Luxembourg’s Minister of Finance, Pierre Gramegna, acting
Updated CSSF FAQs on UCI Law and MMF Regulation: Change of regulatory practice concerning the holding of ancillary liquid assets by UCITS On 3 November 2021, the CSSF has announced in its Press Release 21/26 that it has published updated versions of (i) its FAQs on the Luxembourg law of 17 December 2010 relating
Distributions of dividends (ordinary and interim), share premium and account 115 11 November 2021 | By Céline Pignon Want to know more on distributions of dividends, share premium and account 115 in Luxembourg? Our latest article will help you understand these concepts and the distribution conditions. Dividend What is a dividend, at which conditions can
Luxembourg Business Register: Upcoming requirements for individuals – get ready! 4 November 2021 | By Xavier Guzman, Ambroise Foerster and Gertjan Dewilde According to a notice issued by the Luxembourg Business Register (LBR), with effect as of the end of March 2022 (exact date to be confirmed), individuals and entities registered with the
PRESS RELEASE Luxembourg, 4 November 2021 Seated, from left to right : Tom Lessel, Head of Corporate Banking, BIL, and Stéphanie Damgé, director of Jonk Entrepreneuren Luxembourg asbl Standing, from left to right : Philippe Weisen, Corporate Relationship Manager, BIL and Alessandra Simonelli, Head of Sustainable Development (BIL) Banque Internationale
General Members News Banque Internationale à Luxembourg is pleased to announce that four of the funds in its BIL Invest range (BIL Invest Patrimonial Defensive, BIL Invest Patrimonial Low, BIL Invest Patrimonial Medium and BIL Invest Patrimonial High) have obtained the LuxFLAG ESG label for a period of one year. The four BIL Invest Patrimonial funds, which
Press release – 27 October 2021 IQ-EQ hires Group Chief Information Officer as part of long-term technology push Rashmi Rao is appointed a new Group CIO at IQ-EQ, reaffirming the investor service firm’s commitment to its technology transformation journey. Rashmi brings 20+ years of experience to her new role and has a proven track record
Sustainable Finance update (asset management): Final Report on SFDR RTS regarding taxonomy-related disclosures On 22 October 2021, the European Supervisory Authorities or ESAs (EBA, EIOPA and ESMA) presented the European Commission with their Final Report on the draft Regulatory Technical Standards (RTS) regarding taxonomy-related pre-contractual and periodic disclosures under SFDR, as amended by the Taxonomy
IT and cloud outsourcing: new notification regime On 14 October 2021, the CSSF published its new CSSF Circular 21/785 with regard to replacing the prior authorisation obligation with a prior notification obligation in the case of material IT outsourcing (the “Circular”), which results in a simplification of the current regulatory requirements. The Circular became effective from 15 October
General Members News The European Commission has adopted on 18 May 2021 a Communication on Business Taxation for the 21st century to promote a robust, efficient and fair business tax system in the European Union. It sets out both a long-term and short- term vision to support Europe’s recovery from the COVID-19 pandemic and to ensure adequate public
SCOTTSDALE, ARIZONA, October 12th, 2021 – Paul Binsfeld, Arizona entrepreneur and founder of Company Nurse, has been named the Honorary Consul of Luxembourg to Arizona and New Mexico. In this role, Binsfeld will promote business, cultural, educational, and tourism exchange between Luxembourg, Arizona, and New Mexico. This announcement coincides with the Consul General of the Grand Duchy
