An industry of transformation - Ernst & Young - Luxembourg

Banking & Capital Markets: an industry in transformation

Amid significant global, regulatory reform, banks and securities firms are faced with numerous challenges and sweeping changes. How should banks' operating models evolve? Where are the greatest opportunities for growth? What is the most effective way to raise and manage capital? These are some of the questions banks are wrestling with as they seek to comply with new regulations while meeting the reasonable expectations of customers and shareholders.

Our global reach
Our worldwide team of industry-focused assurance, tax, transaction and advisory professionals -with deep sector knowledge and technical experience -can help you address these myriad changes and compete effectively in this dynamic environment.

Our commitment
Whether managing risk, improving transparency, replacing and developing systems or enhancing data quality, we're committed to helping your organization reach its full potential.

Performance improvement

Get insights on core management and business processes, and how to set the stage for future growth.

Luxembourg contact: Etienne Hirsch / Bernd Henninger / Eric Dessambre

• The Master CFO Series: A tale of two markets
• 2011 Bank Governance Leadership Summit - Viewpoints: Global banking adapts to adverse economic and restrictive regulations
• Seismic changes are causing waves of opportunity - Views from the European retail banking industry
• Redenomination contingency planning – Impacts and considerations for banking, capital markets and asset management organizations if a country were to leave the Eurozone
• Insights on IT risk: Business continuity management
• The UK Independent Commission on Banking Report
• Globalization 3.0. - Competing for growth

Assurance & Finance

Heightened levels of professional skepticism and executive involvement are needed in today’s environment. Utilize our open and honest perspective.
Luxembourg contact: Bernard Lhoest / Jean-Michel Pacaud / Sylvie Testa / Christoph Haas / Christian Bruene / Aida Jerbi

• To the point: Impairment — a major step toward convergence
• To the Point: Offsetting of financial instruments — new disclosures
• Reporting magazine
• Master CFO series: what lies beneath?
• Effective CFOs are economic advisors and business partners
• Preparing for IFRS accounting changes - Crucial developments for banks
• The IASB's new impairment model
• What to do next - IFRS 9 mandatory effective date tentatively deferred to 2015

Tax

Heightened levels of professional skepticism and executive involvement are needed in today’s environment. Utilize our open and honest perspective.
Luxembourg contact: Christian Daws / Sylvie Testa / Yannick Zeippen / John Hames

• The facts on FATCA: Prioritize, plan and prepare (Oct 2011)
• 2011–12 Tax risk and controversy survey
• Luxembourg Tax alert: Central Bank of Luxembourg implements new statistical reporting requirements for Luxembourg financial companies
• 2010 Global Transfer Pricing Survey

• View a list of our Luxembourg Banking and Capital Market thought leadership

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