Banking Publications

Global Spotlight:


 
Opportunities and competitive re-positioning of Luxembourg Private Banking by 2012-2015

The goal of this report is to provide a sense of purpose shared by all the Luxembourgish stakeholders of the private banking sector and guidance for the development of coherent capacities to sustain the cluster in the long-term.

 

 

Die vorliegende 25. Auswertung der Jahresabschlüsse der deutschen Eurobanken in Luxemburg haben wir anhand der veröffentlichten Jahresabschlüsse erstellt.
Unsere Auswertung soll – in Kenntnis der zum Teil nur noch bedingt vergleichbaren Geschäftsmodelle der Banken – eine vergleichende Übersicht über die Entwicklung der Bilanz- und GuV-Strukturen der deutschen Banken in Luxemburg im Jahr 2007 ermöglichen.




This guide is designed to provide a basic insight into the structure of the Professionals of the Financial Sector (“PFS”) industry in Luxembourg together with the legal, regulatory, accounting and tax framework. Also summarised are the requirements for setting up a new business operation and the various audit requirements. This guide has been prepared by auditors, tax and business advisors, which are members of the banking group of PricewaterhouseCoopers in Luxembourg.

 

This report is based on face-to-face interviews with CEOs and other leading decision-makers within Luxembourg’s banks.
It examines the challenges and opportunities they face in the current international banking environment and looks into how they see their business develop both locally and as subsidiaries within a group.

 

This brochure is designed to provide the foreign banker with a basic insight into the structure of the banking industry in Luxembourg together with the legal, regulatory, accounting and tax framework

 

This publication provides a means by which credit institutions established in Luxembourg can quickly identify key similarities and differences between IFRS and the Luxembourg regulatory and accounting framework for credit institutions, based on the Law of 17 June 1992 as amended relating to the annual and consolidated accounts of credit institutions, the "Recueil des Instructions aux Banques" and Circulars issued by the Commission de Surveillance du Secteur Financier.

 

This brochure examines the above law, providing general provisions of the law and subsequentlyfocusing on special provisions with regard to annual accounts, profit/loss accounts, as well as consolidated accounts.

 

The aim of this brochure is to analyse the accounting regulations for credit institutions and their latest amendments in order to help ensure a better “comparability of annual accounts and increased understandability”.


Contacts
Philippe Sergiel
Banking Leader
Audit Services
Tel: +352 49 48 48 2531
 
Emmanuelle Henniaux
Regulatory & Compliance Advisory
Tel: +352 49 48 48 2549
 
Michel Guilluy
Tax Services
Tel: +352 49 48 48 2502
 
Gian-Marco Magrini
Advisory Services
Tel: +352 49 48 48 2509