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| LAURENT VANDERWEYEN JOINS ALTER DOMUS AS CEO OF LUXEMBOURG OFFICE | Alter Domus, a leading independent provider of professional administration services for multinational corporations and alternative investment funds, announced that Laurent Vanderweyen has joined the firm as CEO of its Luxembourg office. Mr. Vanderweyen will also serve as Global Head of Fund Services.
| | Published in 16-01-2012 by Alter Domus |
| LUXEMBOURG STOCK EXCHANGE DONATES TO FOCAL | [ On 2 January 2012, on the occasion of its start of year reception for 2012, the Luxembourg Stock Exchange presented a donation of 10,000 euros to Raymond Schadeck, president of the Open Foundation for the Building of the Future of Luxembourg (“Fondation Ouverte pour la Construction de l’Avenir du Luxembourg”, FOCAL, www. focal.lu).
| | Published in 02-01-2012 by Bourse de Luxembourg |
| 25IÈME ANNIVERSAIRE DE UCITS | Today is the birthday of a European success story: the first UCITS Directive dates from 20 December 1985, exactly 25 years ago. With over €5 trillion in assets under management, UCITS have proven to be one of the great success stories of the Single Market. UCITS are also widely sold to investors outside the EU because their high level of investor protection is popular with international regulatory authorities. Today, more than 75% of the UCITS funds distributed internationally are based in Lxembourg | | Published in 20-12-2010 by lff.lu |
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| UN-MUDDYING THE MUDDY WATERS OF PREPAID CARDS | Many articles on prepaid cards are often misinformed and over-generalized, sometimes with the message that prepaid cards are horrific for their fees and lack of consumer protections. This article differentiates the various types of prepaid cards and describes how those products along with what protections are provided. For those interested in prepaid cards, this is important information so that when media articles come along, readers can be better equipped to decide the validity of information tey are presented | | Published in 30-09-2009 by chrislamela |
| MOVING BANKING BEYOND HISPANIC OUTREACH: HISPANIC INCLUSION | US banks must reassess their approaches to the Hispanic market, especially in efforts to reach out to the unbanked Hispanic consumer. This article illustrates approaches by two banks to move beyond "outreach" to create a more welcoming approach. | | Published in 06-06-2007 by Chris Llamela |
| MOVING BANKING BEYOND HISPANIC OUTREACH: HISPANIC INCLUSION | US banks must reassess their approaches to the Hispanic market, especially in efforts to reach out to the unbanked Hispanic consumer. The Hispanic market, especially the unbanked or under-banked Hispanic consumer, have been a very difficult market for banks to reach. This article illustrates approaches by two banks to move beyond "outreach" to create a more welcoming approach. | | Published in 06-06-2007 by Chris Lamela |
| TOWARDS A PRAGMATIC COMPLIANCE AND ETHICS | When one analyses the laws and regulations relating to compliance that professionals must abide by, either from international sources (FATF, European Union...) or national sources (circulars from the body responsible for the prudential supervision), these are both costly and/or do not reach the expected goal: the result may be a Potemkine Village: apparent laws, regulations, training, compliance function, audits... but a pragmatic effect i.e. a limited effect in practice. Anyway, compliance is mch more a question of "touch" than a question of knowledge | | Published in 18-03-2007 by Jérôme Turquey |
| BANKING ON CALL | Market volatility demands unrestricted, up to the minute availabil-ity of all kinds of finance and transaction information. The cus-tomers of modern financial institutions are becoming increasingly mobile and expect to be able to do their financial business from any [mobile] telephone, regardless of location. | | Published in 25-01-2005 by Steve Glangé |
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| STRONG GROWTH IN 2011 FOR FINESTI | Successful launch of UCITS IV services
Growth in the number of funds covered
Expansion of client base
Finesti, the Luxembourg agency for European funds information, reported strong growth in new clients and in its overall fund coverage in 2011.
During the year, the firm pursued a strategy of launching and offering new services that enable the European fund industry to comply with certain requirements of the UCITS IV Directive.
| | Published in 13-01-2012 by finesti.com |
| 2011 AT THE LUXEMBOURG STOCK EXCHANGE | [2011 was marked by a revitalization of trading activity on the Luxembourg Stock Exchange as a result of the addition of new members, including those from abroad, thus broadening and stimulating market activity.
Despite difficult economic conditions, the Luxembourg Stock Exchange maintained its leading position in the field of listing. [
| | Published in 30-12-2011 by Bourse de Luxembourg |
| ANNUAL REVISION OF THE LUXX INDEX ON 2 JANUARY 2012 | In accordance with the regulations governing the LuxX index, the executive committee of the Luxembourg Stock Exchange has decided to remove the company Dexia (ISIN BE0003796134) from the composition of the basket of shares that is used to calculate the LuxX index (base 1,000 as at 04/01/1999).
| | Published in 28-12-2011 by Bourse de Luxembourg |
| THE EUROPEAN COMMISSION APPROVES THE TRIPARTITE GUARANTEE AGREEMENT GRANTED TO THE DEXIA GROUP |
The European Commission has approved the temporary guarantee agreement granted by the Belgian, French and Luxembourg States to Dexia SA and Dexia Crédit Local and validated by Dexia SA’s Board of Directors. The agreement is effective as of 22 December 2011 and will enable the Dexia Group to raise guaranteed funding on the market from that date.
| | Published in 21-12-2011 by dexia.com |
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