The complex and ever changing regulatory environment is, most of the time, an additional challenge for financial players, especially when operating at an international level.
The recently voted law of 27 February 2018, which introduces requirements on Outsourcing could be a reason to revisit your organisation’s internal processes and IT landscape, as it brings forward additional flexibility for outsourcing models and related treatment of client confidential data.
For the second year running, we have asked several business leaders of the financial services industry to see what kind of outsourcing strategies they have or are planning to put in place
We’ve put together a concise survey of 30 questions structured in five different sections. We’ve sent the survey to CEOs and COOs of leading financial institutions and service providers in Luxembourg and received well over 50 responses. After a thorough evaluation of the responses, we are sharing with you the most significant findings on sourcing strategies in Luxembourg.
Regulated entities in Luxembourg that are already outsourcing or consider doing it for some of their activities.
The law of 27 February 2018, which has been commented on by many stakeholders of the financial services industry as well as modified several times since the initial publication of the draft version in 2016, is predominantly considered as an opportunity by the industry.
The extent of delegated activities is already today considerable, notably related to Information Technology.
Banking Leader, PwC Luxembourg
Tel: +352 49 48 48 4174
Partner, PwC Luxembourg
Tel: +352 49 48 48 3533
Director, PwC Luxembourg
Tel: +352 49 49 48 4169
Regulatory & Compliance Advisory Services Partner, PwC Luxembourg
Tel: +352 49 48 48 2111