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      1. FTT – A premeditated disaster

        On February 14, 2013, the European Commission proposed a council directive implementing enhanced cooperation in the area of Financial Transaction Tax (FTT). The aim of the Commission is to cover the costs of the financial crisis and impose similar taxation on the financial sector rather than on other industries. Anouk Agnes, Director of Strategy and Communications at the Association of the Luxembourg Fund Industry (ALFI) speaks about the misconceptions of the FTT.

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      2. LuxFLAG launches the first European ESG Label

        The ESG Label will be granted to investment funds which meet specific criteria related to their respect of Environment, Social and Governance objectives. The Label is available to UCITS and AIFMD funds domiciled throughout Europe or in equivalent jurisdictions. Three asset management companies have already committed to apply for the new ESG label: OFI Asset Management, Nordea  and Sparinvest.

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