EY Client Portal Library About us Newsroom Connect with us Luxembourg (English) Home Insights Industries Services Careers EY Valuation and Business Modelling Low oil prices to drive Eurozone recovery Open-ended investment fund managers - December 2014 wall chart News FSO alert - EMIR – Implementation schedule of margin requirements for non-centrally cleared derivatives postponed to 1 September 2016 On 23 March 2015, the Basel Committee on Banking Supervision and the International Organization of Securities Commission (IOSCO) released a revision to the implementation schedule for margin requirements for non-centrally cleared derivatives. A delay of 9 months has been agreed, which will push the start of the phase-in period for posting and collecting margin back from 1 December 2015 to 1 September 2016. IPO markets slow down, for now 2014 was a record year for IPOs, but 2015 looks sluggish. Jackie Kelley, EY’s IPO leader, talks to CNBC about the first quarter IPO market. US lull slows global IPO activity Global IPO activity got off to a slow start this year compared with 2014, according to the quarterly EY Global IPO Trends report. Low oil prices and supportive policy to drive recovery in Eurozone After a year of tentative recovery in 2014, the Eurozone has moved into 2015 aided by two important growth drivers – sharply lower oil prices and QE according to the March 2015 issue of the EY Eurozone Forecast (EEF). These two factors will support a domestic recovery that began in 2014, helping GDP growth accelerate from 0.9% in 2014 to 1.5% this year and then 1.8% in 2016. European middle market companies optimistic about prospects in 2015 Europe’s medium-sized companies are overwhelmingly positive about the current state of business. Many plan to invest for growth in the coming six months, but sentiment varies strongly across the continent, according to the EY’s first European Mid-Market Barometer 2015, a study of 6,000 European companies with annual revenues between €10m and €500m, which includes Luxembourg. Views "Rapidité, stabilité, prévisibilité" Alain Kinsch, Managing Partner d'EY Luxembourg, fait un tour d'horizon, lors d'une interview avec Letzebuerger Journal, sur la transformation de la place financière de Luxembourg et ses atouts. Vers un démantèlement des modèles économiques traditionnels Olivier Maréchal, à la tête du département Advisory pour le secteur financier chez EY Luxembourg, donne son point de vue, lors d'une interview avec Letzebuerger Gemengen, sur la révolution numérique et la mutation qu'elle implique dans le monde de l'entreprise. BEPS: de nouveaux risques? Les fonds d'investissement luxembourgeois vers une double imposition Le marché des fonds d’investissement représente aujourd’hui un pilier essentiel de l’économie du Grand-Duché. L’Administration des contributions directes a émis le mois passé deux circulaires administratives traitant de l’accès des fonds d’investissement luxembourgeois aux traités de non double imposition signés par le Grand-Duché avec ses pays conventionnés. L’administration y rappelle certains fondamentaux de l’imposition des fonds d’investissement luxembourgeois, mais souligne, par la même occasion, les limites auxquelles les fonds se heurtent aujourd’hui. Follow us on Twitter Contact us Have questions about a specific EY service? Whatever your inquiry, we’ll help direct you to the right place. Our locations EY Careers Whenever you join, however long you stay, the EY experience lasts a lifetime. Find out more about our opportunities. 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