regulations

Luxembourg has decided to raise charges for supervising financial institutions by approximately 10 to 15 percent this year, according to an analysis of the Grand Duchy’s recent government decision. The increase was roughly 15 percent for banks, while investment firms were informed of increases of around 10 percent for 2022.

Confidence in Chinese investments has taken a knock following the recent tightening of Chinese regulations. However, fund manager Fidelity International believes the Chinese growth story is intact and there are opportunities for long-term investors as the underlying trends have remained intact despite increased state intervention.

The CSSF was pleased with how Luxembourg’s fund sector withstood the acute phase of the Covid crisis, declaring itself positive about the sector’s performance on risk and liquidity, but drawing attention to some potential weak spots, in its recently published 2020 annual report.