This training is offered in the form of face-to-face training.
Catalog

National and International Agreements Regulating the Financial Sector in Luxembourg

Banking

Description

Objectives

By the end of this course, you will have a good general knowledge of the regulations, laws and directives to which financial institutions in Luxembourg are subject and will understand their impact on the products and activities of the banking sector. To achieve this, you will have reviewed

  • The legal framework of the fund industry in Luxembourg, the UCITS directives, which aim to achieve greater harmonisation of European investment funds and management companies and to improve investor information, the products covered by these directives and their impact on products and banks.
  • The automatic exchange of information, its purpose, its issues, its triggering events, the products concerned and the consequences for products, banks and clients of the Directive on administrative cooperation in fiscal matters.
  • The Markets in Financial Instruments Directive (MiFID), which aims to improve investor protection and increase the transparency of services offered.
  • A brief overview of MiFID 2.
  • Directives on bank solvency (Basel II), in particular background, credit risk management principles, approaches, implications for the banking sector.
  • Basel III, CRD IV and their implications for banks
  • IAS/IFRS standards, in particular their objective, background, theoretical impact on consolidated accounts and their practical impact on the organisation of groups of companies.
  • Specialised investment funds (SIF) for sophisticated investors: Law of 26/03/2012
  • Family asset management company (SPF): Law of 11/05/2007
  • Venture capital investment company (SICAR) for sophisticated investors: Law of 
  • 15.06.2004
  • Brief overview of the objectives and implications of the Alternative Investment Fund Managers Directive (AIFMD) 
Programme
  • Basel II and III
    • The Basel Committee and the general context
    • Credit risk treatment principles 
    • Default, IRS and pricing
  • IAS - IFRS
    • General background
    • Major theoretical impact
    • Practical implications
    • Reporting
    • Details on various IAS
  • MiFID
    • Context of directive 2004/39/EC
    • Key aspects
    • Introduction to MiFID 2 / MiFIR
  • UCITS AND THE LUXEMBOURG FUND INDUSTRY 
    • Background and regulatory  framework
    • Law of 17th December 2010 (UCITS IV)
    • Introduction to UCITS V
    • SICAR, SIF, SPF
    • AIFMD Directive
  • Automatic Exchange of Information
    • The European Savings directive, its review and amendments  
    • The Directives 2011/16/EU and 2014/107/EU on administrative cooperation in the field of taxation
    • OECD – Common Reporting Standards
    • Introduction to UCITS V

Conditions

Course Material

Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.

Location
Chambre de Commerce Luxembourg
7, rue Alcide de Gasperi
L-1615 Luxembourg
Luxembourg
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Sessions and schedules

Duration 1H

Location Chambre de Commerce Luxembourg

  • Tue 30.04.2024 08:45 to 11:45
  • Tue 07.05.2024 08:45 to 11:45
  • Tue 14.05.2024 08:45 to 11:45
  • Tue 21.05.2024 08:45 to 11:45
  • Thu 23.05.2024 08:45 to 11:45
  • Tue 04.06.2024 08:45 to 11:45
  • Tue 11.06.2024 08:45 to 11:45
  • Tue 25.06.2024 08:45 to 11:45
  • Thu 27.06.2024 08:45 to 11:45
  • Tue 02.07.2024 08:45 to 11:45
  • Tue 09.07.2024 08:45 to 11:45
  • Tue 17.09.2024 08:45 to 11:45
  • Tue 24.09.2024 08:45 to 11:45
  • Thu 26.09.2024 08:45 to 11:45
  • Tue 01.10.2024 08:45 to 11:45
  • Tue 08.10.2024 08:45 to 11:45
  • Tue 15.10.2024 08:45 to 11:45
  • Tue 22.10.2024 08:45 to 11:45
  • Thu 24.10.2024 08:45 to 11:45
  • Tue 05.11.2024 08:45 to 11:45
  • Tue 12.11.2024 08:45 to 11:45
  • Tue 19.11.2024 08:45 to 11:45
  • Tue 26.11.2024 08:45 to 11:45
  • Thu 28.11.2024 08:45 to 11:45
  • Tue 03.12.2024 08:45 to 11:45
  • Tue 10.12.2024 08:45 to 11:45
  • Tue 17.12.2024 08:45 to 11:45
  • Thu 19.12.2024 08:45 to 11:45