The event Luxembourg meets São Paulo, held recently in São Paulo, brought together government officials and representatives of the financial sector to discuss cooperation opportunities between Brazil and Luxembourg in the development of capital markets.

“Fostering dialogue with those who encourage cooperation for the development of capital markets is essential for ANBIMA,” said our CEO José Carlos Doherty, who represented the Brazilian Financial and Capital Markets Association at the opening of the event alongside Luxembourg Finance Minister Gilles Roth and Tom Théobald, CEO of Luxembourg for Finance (LFF), the event’s organizer.

The event’s agenda underscored the points of convergence between the two countries, such as their shared commitment to strengthening regulatory and self-regulatory frameworks, modernizing the fund industry, and encouraging the internationalization of investments. Doherty highlighted Luxembourg’s global leadership in the structuring and distribution of investment funds, which has even served as an inspiration for Brazil’s new regulatory framework for private equity funds (FIPs), set to open these products to retail investors based on the experience of European ELTIFs.

Other topics of shared interest were also discussed, including the development of the ETF market, the democratization of access to international investments, and sustainable finance.

“Even at a time when some countries are reevaluating the ESG agenda, we remain committed to this issue because it is the right thing to do. It is a relief to know that such an important partner as Luxembourg shares this vision,” Doherty said.

ANBIMA and Luxembourg for Finance reaffirm their commitment to continue promoting meetings that help integrate global capital markets.