The conference, which this year zoomed in on innovation, brought together around 90 representatives from the local, Italian-speaking business community to a noteworthy evening at Mudam. H.E. Stefano Maria Cacciaguerra Ranghieri, the Italian Ambassador to Luxembourg, gave the opening address.

Innovation and regulations

“In the current environment of changing regulatory and business challenges, Luxembourg continues to offer opportunities to diversify and grow the financial sector, and represents a fertile field for Italian business players,” comments Marco Crosetto, Audit Partner at Deloitte Luxembourg and a leading figure in the firm’s Italian Business Community.

The keynote speakers of this year’s conference included Marco Gay (Vice President of Confindustria and President of the Young Italian Entrepreneurs Association) and Roberto Minetti (Member of the Board of Directors of the Young Italian Entrepreneurs Association), who both highlighted innovation and the importance of open-innovation and start-ups in the current economic environment.

True to tradition, the conference also offered the participants a thorough fiscal update from an Italian, Luxemburg and international perspectives. The main changes in the context of the IV AML Directive, the responsibilities for the depositary bank under UCITS V and the features of the unregulated investment fund expected to be introduced into Luxembourg laws shortly, were amongst the main topics covered.

The conference represented once again a great opportunity for the Italian business community in Luxembourg to share their experiences, best practices and discuss the current and future business challenges.

The Italian Business Community at Deloitte

The Deloitte Italian business community was created to respond to the particular needs and requirements of the growing Italian business activity in Luxembourg and is closely following the Luxembourg and Italian market trends and regulatory landscape to help its members navigate and grow in both markets.

More information about the activities and expertise of the Deloitte Italian business community is available on the Deloitte website: http://www.deloitte.com/lu/italian-business-community