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Luxembourg’s financial industry saw significant growth in 2019 and is becoming the European jurisdiction of choice for the alternative investments industry, as well as payment and e-money institutions.
Additional banking activities were registered, including Banking Circle’s global headquarters. The number of MiFID licences granted signals a trend of Luxembourg embracing new functions within asset management. Green bond listing volumes reach $216bn, highlighting leadership in sustainable finance. The Grand Duchy has also been selected by more than 60 financial institutions for their Brexit related relocations.
Luxembourg’s two financial services regulators have issued 119 new licences in 2019. The Commission de Surveillance du Secteur Financier (CSSF)...
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