The fund industry is permanently evolving, but incremental changes are hardly noticed. Sometimes however, industries undergo radical changes, where the process of evolution is significantly disrupted by outside technological, demographic, regulatory, and economic forces. This article discusses...

Currently, there is a dynamic and ongoing improvement in life expectancies that is not accounted for in pension systems designed to provide financial security in retirement.All over Europe, there are currently employment-based (2nd pillar) pension funds and first pillar pay-as-you-go (PAYG)...

Post-Brexit, third-country firms are increasingly interested to provide banking services/activities and investment services/activities in Luxembourg. The provision of both investment and banking services/activities by third-country firms is largely subject to national law. Directive 2014/65/EU,...

On the 14th of March 2018, the European Commission released an EU legislative package that aims to address the issue of non-performing loans (“NPLs”) held by European banks. The European Commission’s package of measures contains two legislative proposals, being: (i) a proposal for a...