In Getting the Deal Through — Banking Regulation 2013, Michel Molitor and Martina Huppertz from MOLITOR take an in-depth look at the banking sector in Luxembourg, including regulatory framework, supervision, resolution, capital requirements, ownership restrictions and implications, and changes in control.
For decades, the financial markets have occupied a fundamental position within Luxembourg’s economy, having an enormous effect on the public budget and employment market. With respect to the banking sector, Luxembourg’s government pursues a continuous policy of diversification of activities, in particular in the field of banks issuing mortgage bonds, securitisation and venture capital. Furthermore, the government sets a high value on international competitiveness by helping to develop the local financial market into a centre of excellence in the following areas: classical banking activities, insurance, investment funds, family offices, pension funds and the stock exchange.
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