News
Financial centre action for sustainability accelerates
Today, international financial centre leaders gathered in Paris to make progress on climate change and sustainable development, and outline practical ways to strengthen their collaboration. On the occasion of the One Planet Summit in Paris, LFF participated at a conference “Financial centres: mobilising capital to accelerate climate action”.
Luxembourg climate finance initiatives showcased at COP23
The Luxembourg government and the European Investment Bank were present at the COP23 in Bonn with a joint pavilion, hosting various workshops and seminars over the two weeks of the COP on climate finance and climate projects by the EIB as well as by the Luxembourg government and financial services industry representatives.
Italy: a key market for Luxembourg’s financial services industry
Italy is a key market for the Luxembourg financial centre, whether in the investment fund industry, corporate banking, wealth management, capital markets or insurance - a fact that was amply confirmed by the record attendance at the seminar that Luxembourg for Finance, in cooperation with the Italian-Luxembourg Chamber of Commerce, organized in Milan, in the presence of TRH Crown Prince Guillaume and Princess Stéphanie as well as Minister of Finance Pierre Gramegna.
Sompo becomes third Japanese insurer to set up EU base in Luxembourg
Japanese insurer, Sompo International, has today become the latest leading Japanese financial institution to announce plans to establish its new European insurance headquarters in Luxembourg following the UK's decision to leave the European Union.
New partnership agreement with Seoul Metropolitan Government and Financial Hub Korea
Luxembourg for Finance and its Korean counterparts aim to work together to develop exchanges in the area of financial services between the two countries. LFF’s CEO, Nicolas Mackel, stated that Luxembourg is looking forward to working with Korea to bolster Seoul’s role as a leading Asian financial center and Luxembourg’s role as a platform for Korean fund managers in Europe.
Luxembourg domiciled funds reach all-time high record
This new record for the Luxembourg fund industry represents a 7.9% increase since the beginning of this year and is mainly due to net sales.
Leading Japanese insurer moves its EU base to Luxembourg
Japanese insurer, Aioi Nissay Dowa Insurance (ADI), has today become the latest leading global financial institution to announce plans to establish its European subsidiary in Luxembourg following the UK's decision to leave the European Union.
The Luxembourg financial centre: committed to help develop sustainable finance at European and global level
On 28 September, Luxembourg for Finance (LFF) and the Luxembourg Stock Exchange participated at the 1st international meeting of sustainable financial centres, organized by Casablanca Finance City together with the United Nations Environment Programme Inquiry (UNEP Inquiry).
Luxembourg and China strengthen collaboration and commit to working closer together in climate finance
Luxembourg’s Minister of Finance, Pierre Gramegna, was in China for high-level bilateral meetings this week, including with Minister of Finance Xiao Jie and Governor Zhou Xiaochuan of the PBOC. The Minister headed a delegation of more than 70 key decision-makers from Luxembourg’s financial services industry.
Luxembourg in top 3 EU financial centres, climbs in global rank
Luxembourg is one of the leading financial centres in the EU, together with London and Frankfurt. This was confirmed once again by the latest Global Financial Centres Index (GFCI 22). Climbing by four places, Luxembourg now ranks #14 out of 92 global financial centres overall.
