2451 results for ""
Date
|
March 22, 2023
Wealth Managers,Asset Servicing,Investing

EU clears final hurdle for ‘Eltif 2.0’ private equity funds

The European Union on Monday published the text of its updated regulation on long-term private investment funds, known as Eltif 2.0, in its Official Journal, clearing the final hurdle before its implementation from January next year. The publication was …
March 22, 2023

Corporate tax for funds: ‘like building a plane while flying’

Alfi’s European asset management conference on Tuesday caught up on the global debate about corporate taxation, something that will also affect large Luxembourg investment funds. At the heart of the complex discussion: BEPS Pillar Two and Transfer Pricing …
March 21, 2023
Asset Managers,Technology

Appeal of digital raises doubts on implementation

Discussing blockchain and digital assets has become a staple at financial conferences, despite their mainly technical nature. Part of this reflects the growing interest in what is promised for these technologies, but increasingly companies are already …
March 21, 2023
Asset Managers,Private Banks,Wealth Managers

Esma chief tells funds to consider interest rate risks 

The head of the European Securities and Markets Authority, which oversees and coordinates the work of European supervisors in asset management, on Tuesday called on the industry to pay more attention to the management of increasing interest rate risks and …
March 21, 2023
Sector

Viral bank runs increase liquidity risks

Apps and online investment services have led to a new type of consumer behaviour. Bank runs go viral, introducing a new type of liquidity risk for banks and investment services. The ECB warns the threat may not be ignored. Joe Vezzani is CEO and founder …
March 21, 2023
Asset Managers,Asset Servicing

Investment professionals face critics over inducements

As the European Union considers banning inducements (aka kickbacks) for investment advice as part of its forthcoming retail investment strategy, those who support inducements, like Luxembourg’s ALFI and the worldwide CFA Institute, but also strong critics …
March 20, 2023
Asset Servicing

Financial sector staff face increased stress - union

Luxembourg’s banks, one of the biggest employers in Luxembourg’s financial sector, are engaging in staff management practices that leave many of their staff dissatisfied, especially in the area of pay, according to a representative of a union representing …
March 20, 2023
Sector

AT1 bank bonds in focus as Swiss force CS write-off

So-called AT1 bonds, also known as CoCos, were in focus on Monday as shares of European banks showed significant declines in the wake of the rescue of Credit Suisse engineered by Swiss authorities by merging it with UBS.  The merger package announced late …
March 20, 2023
Transfers,Asset Servicing

Apex appoints BDO’s Alfonso as global head of valuation

Financial services provider Apex Group on Monday said it has appointed Tony Alfonso as global head of valuation, a newly created role that will be in charge of valuation advisory services. Alfonso joined Apex in January after more than 14 years at …
March 20, 2023
Private Banks,Sector

UBS, Credit Suisse merge into Europe’s largest G-SIB

UBS is acquiring industry peer Credit Suisse for 3 billion Swiss francs. They will pay 0.76 Swiss francs in UBS shares. The opening offer was initially 0.25 Swiss francs per share. As recently as Friday, Credit Suisse closed at a closing price of 1.86 …