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Luxembourg has once again ranked among the top three EU financial centres in 2018 , having consolidated and strengthened its role as the go-to hub for financial institutions operating on a cross-border basis in the European market. Last year, Luxembourg’s regulators granted 80 new licences for banks, management companies, alternative asset managers, insurers and investment firms. This number includes several financial institutions to have publicly announced their decision to relocate some activities because of Brexit.
To date, the Brexit relocation plans of 47 financial institutions involving Luxembourg have been made public. Half of these are asset managers and the other half are a mix of banks, insurers and payment service providers. Meanwhile, a number of firms have...
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