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  • Article

    Attention Audit Committees! Are You Set For 2017? (Step 6)

    Welcome to the final part of our 6-part series of articles about how audit committees ("ACs") can prepare and deal with new legislation.
    LuxembourgAccounting and Audit
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Bank CDOs: How To Make Your Data Governance Initiatives Bankable

    New technology trends are buzzing in (and even fading out) fast these days, as firms wrap their heads around the likes of artificial intelligence and machine learning and blockchain.
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    How To Get On Your Way To IFRS 16 (Leases)

    Since the arrival of IFRS 16, the new standard on lease accounting, debates have arisen over how accounting for leases will change and how organisations will be affected.
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    The New User-Friendliness

    The term user-friendly seems to have first emerged in the 1970s, with some sources crediting a 1976 paper on something called the "G-EXEC system" and others saying that Harlan Crowder,
    LuxembourgTechnology
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Fighting Cybercriminals With The Updated SWIFT CSP

    In recent years, sophisticated cybercriminals have managed to compromise several banks' computer networks, learn their payment processes, and gain access to the relevant IT credentials...
    LuxembourgCriminal Law
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    We Analysed The First IFRS 9 Disclosures By Banks

    IFRS 9 has been effective since 1 January. With some of the world's major listed banks now issuing their financial reports, we are interested in how they have implemented the new requirements.
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Clarification Of The UCITS v Independence Rules, Priips Impacts And The Application Of ESMA's Opinion On Share Classes Of UCITS

    On 6 July 2017 the CSSF published the updated versions of its Frequently Asked Questions (FAQ) documents on the UCI Law.
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Five Myths About The 183-Day Rule

    As a global mobility tax advisor I often hear comments like I am not taxable in country A as long as I stay for fewer than 183 days. Another common one is I am being paid from Country A, so I am not taxable in Country B.
    LuxembourgTax
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Bill Of Law 7363 Was Approved On 14 February 2019 – Luxembourg's Confirmation That Securities Can Be Held Through DLT-Like Technologies, Including Blockchains!

    Digital ledger technologies ("DLT") and blockchains in particular could disintermediate some of the main financial markets post-trade processes ...
    LuxembourgTechnology
    ELVINGER HOSS PRUSSEN, société anonyme
    ELVINGER HOSS PRUSSEN, société anonyme
  • Article

    New, Ethical Luxembourg–Senegal Double Tax Treaty Means Opportunity

    On 10 February 2016, Luxembourg and Senegal reinforced their co-operation on an international level by signing a double tax treaty.
    LuxembourgTax
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    How To Assess Suitability And Appropriateness Under The IDD

    The Insurance Distribution Directive (IDD), which applies from 1 October 2018, introduces a regime for the selling of insurance-based investment products (IBIPs).
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    New Guidelines Ask Banks To Rethink Internal Governance

    The financial crisis was a wakeup call for the whole financial industry. Among other things, it highlighted weaknesses in banks' internal governance frameworks that hugely affected...
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    The Subtle, Long-Term GDPR Goals—And How To Meet Them

    With a little bit of hindsight on GDPR's enforcement date of 25 May 2018, we can now see a real pattern: most organisations developed their compliance programs in two phases, one before and one after the "go-live".
    LuxembourgPrivacy
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Would The Digital Services Tax Do More Harm Than Good?

    On 21 March 2018, the EU Commission presented two Proposals for Council Directives specifically targeting the digital economy.
    LuxembourgTax
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Regulators Have A Message For Your AI Strategy

    With two recent publications, regulatory bodies on both Luxembourg and EU levels give AI developers and AI users ample material to digest—and act upon.
    LuxembourgTechnology
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    MiFID II: More Investor Protection Means New Communications Solutions

    Even more investor protection… you might be wondering if there isn't enough protection already for all the investors out there?
    LuxembourgFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Solvency II Update For Asset Managers

    After a few quiet months Solvency II is back in the spotlight, following regulatory and industry developments.
    LuxembourgInsurance
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    ESG Disclosures – A Top Priority For Investors

    Climate change is the topic du jour and, along with other ESG issues, is not high up on global governments' agendas only…
    European UnionFinance and Banking
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    FATCA And CRS Alert Issue 2016-05 / Qualified Intermediary News Issue 2016-02

    The IRS has posted revised Form W-8BEN-E, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities) to its website.
    LuxembourgTax
    KPMG Luxembourg
    KPMG Luxembourg
  • Article

    Towards A Circular Economy: VAT And The "Resell Model"

    The present article focuses specifically on the VAT impacts of the resell model, and also discusses what VAT incentives can be used to encourage circular business models.
    LuxembourgTax
    KPMG Luxembourg
    KPMG Luxembourg

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