Bank of Singapore, the dedicated private banking subsidiary of OCBC Bank, which is the second largest financial services group in Southeast Asia by assets, has received a license to operate a wealth management subsidiary in Luxembourg. It is the first time a Singaporean bank sets up shop in the country.
The law, which entered into force on July 1st, establishes the legal framework for a new type of covered bond to finance the generation of renewable energies. This is the first law globally to establish a Green Covered Bond and underlines Luxembourg’s commitment to help drive global innovation in sustainable finance.
Nicolas Mackel, CEO, Luxembourg for Finance discusses why Luxembourg is continuing to win Brexit business on Sky News with business presenter Ian King.
Over the course of the last decades, Luxembourg has built a financial services industry that is specialised in cross-border activities. Well known for its funds, wealth management, insurance and capital markets activity, Luxembourg is maybe less known for its corporate finance services.
The Luxembourg Stock Exchange (LuxSE) has launched a Green Bond Channel in partnership with the Shanghai Stock Exchange (SSE).
One of the most striking characteristics of Luxembourg’s financial industry is the international make-up of its work force. Although the diverse background of so many people means they do not all have English as their mother tongue, it has become the common business language.
Ripple launches University Blockchain Research Initiative (UBRI), a collaboration with top universities around the world, including Luxembourg.
The House of Startups (HoST) has officially opened its doors today.
Policymakers and industry leaders from the European sustainable finance community gathered in Luxembourg on 30 May for the 1st edition of the Sustainable Finance Forum to discuss the key role of the financial industry in the transition towards a sustainable, low-carbon economy. With around 600 registered participants, the success of this first edition is indeed testimony to the growing importance of sustainable finance.
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