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The ten years of LFF’s existence happen to coincide with a particularly eventful decade for the Luxembourg financial centre and the global financial industry as a whole, marked by several important developments: the global financial crisis and the ensuing wave of regulations, the international move towards tax transparency, the rapid digitalisation of financial services, and a marked global shift towards sustainable investments.
It has moreover been a decade of acronyms for the financial industry: CRD4, MiFID, PSD (1 and 2), CRS, FATCA, BEPS, PRIPS and KIID, AIFMD, SSM and ESAs … and the list goes on. For the Luxembourg financial centre it has also been a decade of increasing internationalisation: Luxembourg’s fund industry has grown from EUR 1.6 trillion to 4 trillion...
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