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“A ‘no’ uttered from deepest conviction is better and greater than a ‘yes’ merely uttered to please, or what is worse, to avoid trouble.” – Mahatma Gandhi

  • Writer's pictureTracey McDermott

European watchdog questions four fund managers' Brexit plans in Luxembourg

ESMA committee requests more information from CSSF on Brexit moves

Europe's top financial watchdog has raised questions about a handful of asset managers' plans to set up bases in Luxembourg as a result of Britain's vote to leave the European Union, the Luxembourg Times has learned.

Four cases, where fund managers have already been granted licenses in Luxembourg, have been met with push back at a European level, according to sources. (Source: Luxembourg Times)


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