Pierre Gramegna, finance minister of Luxembourg, talks to Stefanie Linhardt about what effect international tax reforms will have on his country, and the importance of maintaining links with London even after the UK’s departure from the EU.
Hugues Delcourt, CEO of Banque Internationale à Luxembourg, the country's oldest private banking group, talks to Danielle Myles about the opportunities posed by the country’s fintech boom and what the arrival of Chinese banks means for the domestic market.
The state-owned Banque et Caisse d'Epargne de l'Etat may be performing well, but Luxembourg operations of Fortis and Dexia have encountered problems as the knock-on effect of the recession in powerful neighbouring economies takes its toll on one of the world's smallest countries. Writer Nick Kochan
Facing competition from other centres, Luxembourg has found ways to innovate, writes Jan F Wagner. Despite the perceptions of many in western Europe, Luxembourg’s success as a financial centre is not down to its private banking industry alone. In fact, it has more to do with a financial activity that is a lot more mundane: the domiciling and administering of investment funds.
Jan F Wagner examines Luxembourg’s options for maintaining a competitive edge as the end of its tax-free status looms.In Germany, Luxembourg is known for one thing only: it’s where rich Germans put their savings to shelter them from tax. This may sound overly simplistic, but it’s easy to see why the tiny country has gained that reputation.