Gilles Dusemon

The Luxembourg Private Equity Association hosted its Insights conference on fundraising and investor relations on Thursday. It became clear that, in order to remain competitive, Luxembourg needs to lower its minimum entry threshold for investors in private equity without waiting for new European Union AIFMD rules to emerge.

Despite there being a deal now, Brexit will never be done. Even if the end of the transition period can be navigated with minimal disruption, the lack of an institutional underpinning to the UK-EU relationship points towards decades of negotiation over dozens of policy areas, including financial services. Welcome to long Brexit.