ArticleAttention 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 AuditKPMG Luxembourg
ArticleBank CDOs: How To Make Your Data Governance Initiatives BankableNew 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 BankingKPMG Luxembourg
ArticleHow 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 BankingKPMG Luxembourg
ArticleThe New User-FriendlinessThe 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,LuxembourgTechnologyKPMG Luxembourg
ArticleFighting Cybercriminals With The Updated SWIFT CSPIn 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 LawKPMG Luxembourg
ArticleWe Analysed The First IFRS 9 Disclosures By BanksIFRS 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 BankingKPMG Luxembourg
ArticleClarification Of The UCITS v Independence Rules, Priips Impacts And The Application Of ESMA's Opinion On Share Classes Of UCITSOn 6 July 2017 the CSSF published the updated versions of its Frequently Asked Questions (FAQ) documents on the UCI Law.LuxembourgFinance and BankingKPMG Luxembourg
ArticleFive Myths About The 183-Day RuleAs 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. LuxembourgTaxKPMG Luxembourg
ArticleBill 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 ...LuxembourgTechnologyELVINGER HOSS PRUSSEN, société anonyme
ArticleNew, Ethical Luxembourg–Senegal Double Tax Treaty Means OpportunityOn 10 February 2016, Luxembourg and Senegal reinforced their co-operation on an international level by signing a double tax treaty. LuxembourgTaxKPMG Luxembourg
ArticleHow To Assess Suitability And Appropriateness Under The IDDThe Insurance Distribution Directive (IDD), which applies from 1 October 2018, introduces a regime for the selling of insurance-based investment products (IBIPs). LuxembourgFinance and BankingKPMG Luxembourg
ArticleNew Guidelines Ask Banks To Rethink Internal GovernanceThe 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 BankingKPMG Luxembourg
ArticleThe Subtle, Long-Term GDPR Goals—And How To Meet ThemWith 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".LuxembourgPrivacyKPMG Luxembourg
ArticleWould 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.LuxembourgTaxKPMG Luxembourg
ArticleRegulators Have A Message For Your AI StrategyWith two recent publications, regulatory bodies on both Luxembourg and EU levels give AI developers and AI users ample material to digest—and act upon.LuxembourgTechnologyKPMG Luxembourg
ArticleMiFID II: More Investor Protection Means New Communications SolutionsEven more investor protection… you might be wondering if there isn't enough protection already for all the investors out there? LuxembourgFinance and BankingKPMG Luxembourg
ArticleSolvency II Update For Asset ManagersAfter a few quiet months Solvency II is back in the spotlight, following regulatory and industry developments. LuxembourgInsuranceKPMG Luxembourg
ArticleESG Disclosures – A Top Priority For InvestorsClimate change is the topic du jour and, along with other ESG issues, is not high up on global governments' agendas only…European UnionFinance and BankingKPMG Luxembourg
ArticleFATCA And CRS Alert Issue 2016-05 / Qualified Intermediary News Issue 2016-02The 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.LuxembourgTaxKPMG Luxembourg
ArticleTowards 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. LuxembourgTaxKPMG Luxembourg