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Two European directives are on the way which will have a deep impact on the finance industry. Broadly, the objectives of these two directives are to improve protection for bank account holders and retail investors and to meet the need for new legislative frameworks for alternative investment funds. What impact will the directives have on the Luxembourg financial centre? LFF spoke to Antoine Kremer, the lobbyist who represents the Luxembourg financial centre in Brussels. Negotiations are underway concerning the AIFM Directive. Are you confident an agreement will be reached during the Belgian Presidency in time for the September vote in the European Parliament? Negotiations between the European Parliament, the Council and the Commission have been difficult since...
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