Read more about the article Guidance Notes for Board Members l Introduction

Guidance Notes for Board Members l Introduction

Our Best Practice Guidance Note - Introduction on receivables is accessible to all #LuxCMA followers. The paper has been published by LuxCMA Best Practice Working Group - Management & Corporate Governance and touches some interesting points regarding the securitisation of receivables and the relevant common reporting. The note is a good tool to navigate the structure of one of the most common type of underlying asset in securitisation transactions and includes the general common scheme of set-up, indications about the servicer and its role, the trustee, the common reporting such as the servicer report and the investors report.

Continue ReadingGuidance Notes for Board Members l Introduction
Read more about the article EU Securitisation Regulation l LuxCMA technical position paper

EU Securitisation Regulation l LuxCMA technical position paper

Since the enactment of the Securitisation Law, Luxembourg has proven to be one of the prime locations for securitisation transactions in Europe and has become a hub for the setup of securitisation structures. For the purpose of exchanging views regarding the Luxembourg securitisation business, LuxCMA has set-up a specific task force dealing only with securitisation questions. The first output of this group is the "EU Securitisation Regulation Position Paper". It analyses certain recurrent questions raised in the context of the Securitisation Regulation and shares the views of the task force on these topics.

Continue ReadingEU Securitisation Regulation l LuxCMA technical position paper
Read more about the article Infrastructure l Luxembourg Capital Markets Landscape for Debt Instruments

Infrastructure l Luxembourg Capital Markets Landscape for Debt Instruments

Luxembourg is widely recognised as a major player in the international debt capital markets, with a strong market infrastructure, a responsive regulator and unparalleled economic stability. However, navigating this ecosystem is not always easy. To assess and understand the different components of the Luxembourg primary market value chain with a comprehensive review of each of the related main activities and key, have a look to our Luxembourg Capital Markets Landscape for Debt Instruments.

Continue ReadingInfrastructure l Luxembourg Capital Markets Landscape for Debt Instruments
Read more about the article Infrastructure l Recommendations for a smooth transition to risk-free rates

Infrastructure l Recommendations for a smooth transition to risk-free rates

With the announced discontinuation date for London Inter-bank Offered Rates (LIBOR) at the end of 2021, LuxCMA - Luxembourg Capital Markets Association invites the different stakeholders across the securities value chain, from issuers to investors, to consider taking the necessary actions in order to ensure, where appropriate, a smooth transition to Alternative Reference Rates (ARR) / Risk-Free Rates (RFR) in replacement of Interbank Offered Rates (IBOR), in both their existing and future securities issuance legal documentation.

Continue ReadingInfrastructure l Recommendations for a smooth transition to risk-free rates
Read more about the article LuxCMA held its second General Assembly

LuxCMA held its second General Assembly

Our second Annual General Assembly was held on 15 June 2021. As last year, it was conducted by videoconference, given the reinforcement of health protocols and the intensification of measures in the days leading up to this event. Even though the year 2020 has shaken the global economy and the world of work to an unprecedented degree, it is clear that LuxCMA has nevertheless managed to navigate through the crisis and give the association a great deal of momentum.

Continue ReadingLuxCMA held its second General Assembly
Read more about the article Supervisory convergence and the single rulebook l LuxCMA responses to EU Commission Consultation

Supervisory convergence and the single rulebook l LuxCMA responses to EU Commission Consultation

On 21 May 2021, LuxCMA - Luxembourg Capital Markets Association responded to the European Consultation on supervisory convergence and the single rule book, which was published by the European Commission on March 2021. This consultation aimed to gather targeted views on certain aspects related to the 2019 ESAs review and will contribute to a wider debate on supervisory convergence and the single rulebook.

Continue ReadingSupervisory convergence and the single rulebook l LuxCMA responses to EU Commission Consultation
Read more about the article AIFMD review l LuxCMA responses to securitisation-related questions in European Commission Consultation

AIFMD review l LuxCMA responses to securitisation-related questions in European Commission Consultation

On 29 January 2021, LuxCMA responded to the consultation on the review of the Alternative Investment Fund Manager Directive (AIFMD), which was published by the European Commission in October last year.

Continue ReadingAIFMD review l LuxCMA responses to securitisation-related questions in European Commission Consultation
Read more about the article FAQ Sustainable Finance

FAQ Sustainable Finance

As announced end October during our first webinar dedicated to sustainable finance (video recording available on section Past events of our website), congratulations to our task force Sustainable Finance for the release today of the FAQ dedicated to this topic. The FAQ will be updated on a regular basis, with additional questions, notably those that members may have asked to LuxCMA on this topic.

Continue ReadingFAQ Sustainable Finance