Luxembourg to Ease Bank Secrecy, Meet EU Rules From 2015

Faced with growing pressure over tax evasion, Luxembourg confirmed Wednesday it would implement rules on the automatic exchange of bank account information with its EU partners from 2015.

"We can introduce the automatic exchange of (bank account) information without any danger from January 2015," Prime Minister Jean-Claude Juncker said, adding that the country's important financial services sector was ready for the change.