Newsletter Nummer 6, 2010

New figurehead leading the Luxembourg Bankers’ Association
Ernst Wilhelm Contzen talks about Luxembourg’s competitiveness and the image of the financial centre.

Are “Newcits” a threat to the global UCITS brand?
Some 200 UCITS hedge funds, known as “Newcits”, already exist in Europe. There is anxiety that these funds may tarnish the international “gold standard” image built up around the UCITS brand over the last 20 years. Are retail investors at risk?

The mood changes
Sustainability in finance is vital because the global market cannot function without a financial system. LFF reports on an aspect of sustainability that is hard to define … and even harder to implement.

A timely focus on women
Banque de Luxembourg has launched a retirement planning service designed for women: Femmes & Patrimoine.

Luxembourg makes its mark at the IFSB summit
Luxembourg Central Bank Governor, Yves Mersch, took his seat at the IFSB summit, providing Luxembourg with a chance to meet central bankers, scholars and senior bankers from the international Islamic finance community.

Interview with a taxman
Luxembourg Tax Director, Guy Heintz, answers questions arising from his January 2010 Circular on the taxation of Islamic finance products.

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