Webinar: The Luxembourg Stock Exchange and the Luxembourg Green Exchange: market trends and regulatory developments

Last Monday 26th October, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized a webinar on ‘The Luxembourg Stock Exchange and the Luxembourg Green Exchange: market trends and regulatory developments’ in collaboration with Luxembourg Stock Exchange (LuxSE), and with the participation of its Head of Regulatory Affairs, Paula Redondo Pereira. The webinar was organised within the framework of the Spanish Financial Forum, a committee of the Chamber focused on the financial services industry.

Marta González Benguria, General Secretary of the Chamber, introduced the speaker and acted as a moderator of the event.

Then, Paula Redondo took the floor and thanked the Chamber for their invitation, as well as to all the attendees for their interest in the event. The speaker began by explaining the activity and functioning of the LuxSE, an institution with more than 90 years of history. Paula explained that the LuxSE is owned by market participants (banks, financial institutions, etc.) as well as by the government of the Grand Duchy of Luxembourg. The different activities developed within the LuxSE were presented, with special emphasis on listing, which is the main activity. The position of Spanish issuers, which currently stands at 43, was then outlined. This number is expected to grow in the near future due to the significant benefits of the LuxSE for issuers and investors.

The second part of the webinar focused on the Luxembourg Green Exchange (LGX), the first and so far only platform dedicated exclusively to sustainable financial instruments, created in 2016. The LGX is contributing to the regulation that is taking place in this field on the initiative of the European Commission, as it is part of the ‘EU Commission’s High Level Expert Group (HLEG) on sustainable finance’ and the ‘EU Commission’s Technical Expert Group (HLEG) on sustainable finance’. Currently, the possibility of creating standardized Green Bonds at the European level is being considered, an initiative in which LuxSE takes part.

Following the presentation, a question time was opened during which the attendees could ask all the doubts that arose during the event.

From the Official Chamber of Commerce of Spain in Belgium and Luxembourg we would like to thank Paula Redondo Pereira for accepting the invitation and all participants for their attendance.

11/12 Webinar: Substance requirements and future application of the MLI to Spanish infrastructure and real estate structures

On November 12th from 10.00 a.m to 11.15 a.m., the Official Spanish Chamber of Commerce in Belgium and Luxembourg, in collaboration with Deloitte Luxembourg, will organize a live webinar where you will have the opportunity to discuss the potential impact of the multilateral instrument (MLI) and its principle purpose test (PPT) provision on the Luxembourg entities holding Spanish infrastructure and real estate assets. Moreover, our guest speakers will also analyse the recent developments with respect to substance requirements and the cases applying the Beneficial Owner concept.

The webinar will be hosted by three Deloitte experts in this field: Franciso Da Cunha (partner), Samara Brey (Senior Manager) and Victor Sanlorien (Senior).

You can sign up for this breakfast through this reply  form

The event will be held in English.

 

In collaboration with:

Deloitte Accountancy - Credit Expo België

Online Breakfast-Debate with Clara Martínez Alberola, Deputy head of the ‘Task Force for Relations with the United Kingdom’ (UKTF)

Last Friday, October 23rd, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized a new session of its online Breakfast-Debate in the framework of its Business Circle platform. This event featured Clara Martínez Alberola, Deputy Head of the United Kingdom Task Force (UKTF) of the European Commission. The topic of the debate was Brexit: where are we heading in the future commercial relationship between the EU and the United Kingdom?. 

Pablo López Álvarez, vice-president of the Chamber and event moderator, welcomed and thanked the speaker and all the attendees for their participation.

Then, on behalf of the partner and sponsor of the event, Van Bael & Bellis, Pablo Muñiz, partner of the Brussels office, took the floor and thanked the guest speaker for her participation in the Breakfast-Debate despite her busy schedule. Mr. Muñiz highlighted the growing importance regarding many customs law issues, that were thought to be forgotten, because of Brexit but will surely affect the future relationship between the United Kingdom and the European Union.

Clara Martínez Alberola began by thanking the invitation as an ideal opportunity to continue learning first-hand about the concerns of Member States and the various economic sectors in the Brexit negotiations. The speaker admitted that the negotiating teams are at a critical stage to achieve an agreement given that the transition period after the formal withdrawal of the United Kingdom from the European Union ends on 31 December 2020, with the aggravation of the Covid-19 crisis as a background. Despite the tight deadlines, the EU negotiating team is working tirelessly to reach a fair agreement for both parties based in coherent rules and effective mechanisms for dispute resolution. Martínez outlined the various issues that present more difficulties to reach an agreement as well as the issues where there is greater consensus such as British participation in research programs funded by the EU or police cooperation. Finally, the deputy head of the UKTF stressed that the no-deal scenario would not imply the impossibility of reaching such an agreement in the future in different areas, although it is certainly a much worse scenario than reaching a full agreement on time.

During the question time, the attendees were able to present their doubts and comments on many issues of interest such as the controversy surrounding the internal market protocol for Northern Ireland, the rules of origin in the post-Brexit era, the uncertainty regarding standardization and public procurement, financial supervision or the complexity of customs controls in the future relationship between the United Kingdom and the EU.

From the Official Chamber of Commerce of Spain in Belgium and Luxembourg we would like to thank Clara Martínez Alberola for her conference, our partner company Van Bael & Bellis for sponsoring this Breakfast-Debate and all those present for their attendance.

Event sponsored by:

11/26 Webinar: Insurtech report: Discovering Future of Insurance

On November 26th from 11:00 to 12:00 the Official Spanish Chamber of Commerce in Belgium and Luxembourg organises a webinar in collaboration with its member company everis. The event is organised within the framework of the Spanish Financial Forum, a committee of the Chamber focused on the financial services industry.

everis, together with NTT Data, published the third edition of InsurTech Outlook, where the technological landscape within the insurance market and its evolution during the last years is analyzed. Furthermore, this report shows the rol from insurers, investors and technological companies in the industry, illustrating the trends that are redefining the insurance market.

The webinar will be presented by a team of everis professionals specialized in this field: Dirk Croenen, Head of Everis BeNeLux Insurance sector, Marc Durante, Director Insurance everis Luxembourg, Carlos Ordonez, Global Head of Digital Insurance and Richard Calvo, Insurtech Procjet Leader.

During the webinar, the speakers will go through an executive summary of the reports and then focus on Health insurance domain specificities and Liquid Ecosystems putting the customer at the center.

If you are interested, don’t hesitate to sign up for this webinar through this reply form.

The webinar will be held in English

More information on the report HERE.

In collaboration with:

Virtual Breakfast-Debate with María Teresa Fábregas, Director Recovery and Resilience Task Force at the European Commission

On Thursday 1st October, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organised a new virtual breakfast debate in the framework of its “Business Circle” platform. The breakfast focused on “Recovery plans: sustainable growth” and María Teresa Fábregas, Director Recovery and Resilience Task Force at the European Commission was the guest speaker.

Pablo López Álvarez, Vicepresident of the Chamber,  welcomed and thanked the speakers as well as all the attendees.

Afterwards, on behalf of the member company and sponsor of the event, Iberdrola, its Director of European Public Affairs, Eva Chamizo, took the floor and thanked the spekaer and the entire team of the European Commission’s Working Group for Recovery and Resilience, for their great work in contributing from the European institutions to economic recovery. Chamizo stressed the need to commit to a green and sustainable recovery linked to the objectives of the Green Deal and allows private investment in clean energy. She also highlighted Iberdrola’s long career in prioritising investment in green energy, which made Iberdrola stand out among the leading companies in the sector.

María Teresa Fábregas began by outlining the key points of the future Recovery and Resilience Mechanism, which forms part of the Recovery Plan for Europe proposed by the European Commission. The intention of this mechanism is to contribute to the repair of the economic and social damage caused by the coronavirus pandemic without forgetting the great strategic challenges facing Europe.

This plan is aimed first and firstly at the ecological transition of the European Union towards a climate-neutral Europe by 2050 in line with the Green Deal. The speaker also highlighted as the second key of the economic recovery, the digital transition to adapt our economies and societies to new technologies. Fábregas went on explaining that it will be up to the Member States to present their national recovery plans to the European Commission from 15 October, which will ensure that they are properly implemented through the auditing and control mechanisms that are being applied to all European funds. The Director of the Working Group for Recovery and Resilience explained that the management of the mechanism’s funds will have to be done in accordance with the constitutional order of each country and in accordance with the distribution of competences in the case of decentralised Member States. However, national governments will have a certain margin to determine how they will manage them, either through transfers to sub-national entities (federated states, autonomous communities, etc.) or through central agencies.

During the round of questions, the participants were able to express their doubts and comments on many areas of interest. Thus, topics such as eligibility criteria and the mechanism for allocating funds for recovery, the social economy or more specific measures for the cultural and audio-visual sector were discussed.

From the Official Spanish Chamber of Commerce in Belgium and Luxembourg we would like to thank María Teresa Fábregas, our member company Iberdrola for sponsoring this event and all attendees for joining this event.

 

Sponsored by:

12/9-10 Webinar “WordPress: The story of your first website”

On December 9th and 10th from 9:00 am to 12:00 am, the Official Spanish Chamber of Commerce in Belgium and Luxembourg will organize a webinar on “Wordpress: The story of your first website”, held by Manuel Pueyo, Founder and Director of BigKids.

During the webinar, participants will develop their digital skills and will obtain the freedom to create, design, manage and develop their web presence exactly the way they want.

Attendees will learn the basic concepts behind web development, the first steps with WordPress, style and customization of the elements and the main content and multimedia implementation.

After this course participants can start growing web hosting and design with confidence and self-sufficiency. This will open up a whole new world of connection opportunities.

This webinar will be divided in two days, with a duration of 3 hours each.

Registration is open to members and non-members of the Chamber.  If you are interested, don’t hesitate to sign up through this reply form.

You can check the full program of the course here.

The webinar will be held in English.