LUXEMBOURG - Designs for a more sustainable financial centre

www.lff.lu - Thanks to its expertise and longstanding experience in financial services, the Luxembourg financial centre doesn’t need to hide behind Singapore or London. This was the principal message of Ernst Wilhelm Contzen and Carlo Thill, re-elected President and Vice President of the Luxembourg Bankers’ Association (ABBL)

Over the last 30 years, the Luxembourg financial centre has constantly adapted to new regulatory measures and legislation, and it will continue to do so in the future. That applies not only for private banking, the sector Luxembourg is most known and respected for, but also for the fund industry. Despite the obstacles in the way to a sustainable financial centre, like Fatca for instance, Thill is confident that Luxembourg can benefit from its past experience. “I am sure that we can face the future optimistically”, he said at the press conference on the occasion of the ABBLs’ general meeting 2012.  (source)

LUXEMBOURG - How to further strengthen Luxembourg in the field of Islamic finance

For the third year running and within the framework of its AIF Club aiming at supporting and helping to develop the alternative sectors market infrastructure in Luxembourg, Ernst & Young Luxembourg hosted an event on Islamic finance on 23 September at its premises in Munsbach.

Following on from 2010’s successful event, when the annual Ernst & Young Islamic Funds and Investment Report (IFIR) was presented, this year’s workshop was designed to highlight how to further strengthen Luxembourg in the field of Islamic finance. However this year the results of the IFIR 2011 will not be released until after the event, when it will be made available for all at http://www.ey.com/LU/aif-club/IFIR_2011 on 29 September 2011. (source)