In its position as the leading professional services
firm in the Luxembourg financial sector, PricewaterhouseCoopers
has unique experience of the flexibility and the constraints
of that industry and has developed a breadth of knowledge
and expertise aimed at helping its clients meet the
challenges and exploit the opportunities Luxembourg
offers. Recognising that today's environment imposes
on players new and exceedingly complicated regulatory
requirements, PricewaterhouseCoopers Luxembourg has
pooled expert resources into a department (the Regulatory
Compliance Advisory Services Group or "RCAS")
dedicated to providing services helping its clients
to meet these requirements.
Composed of a mix of auditors, consultants and lawyers,
the RCAS team, by leveraging on the accumulated knowledge
of our dominant audit practice, is able to provide
timely, cost effective and practical assistance to
clients facing regulatory compliance issues. In addition
to Luxembourg specific issues, the globalisation of
the world economy, issuance of new financial regulation
by the European Union and increasing cross-border
activities by financial players have generated an
"internationalisation" of issues, where
it is important to understand how different regulators
will treat them: with more than 125 000 people in
offices throughout the world and teams dedicated to
the financial industry, PricewaterhouseCoopers is
uniquely positioned to assist clients in dealing with
those issues.
The quality of the PricewaterhouseCoopers network
further allows our Luxembourg team to leverage, when
Luxembourg-specific regulation or guidance on certain
topics is missing (e.g. compliance function, corporate
governance etc…), on the practical experience
and best practice developed in other countries on
those topics and to propose efficient ways of dealing
with them. The ever-increasing complexity of regulation
at a global, regional and national level remains a
key challenge for the financial sector.
PricewaterhouseCoopers offers industry-focused solutions and strong implementation capability, providing a globally co-ordinated approach and tailored solutions to the investment fund industry, e.g. UcitsEuroFile™, a unique pan-European tax and regulatory fund reporting service.
