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Date
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July 27, 2023
Supervision

EU divergence on fund fines poses challenge for Esma

Financial supervision in the European Union has encountered a pressing challenge - a notable disparity in the approaches taken by national financial supervisors when it comes to sanctioning investment funds.  As the watchdog of the EU's financial markets, …
July 26, 2023
Supervision,Institutional,Wealth Managers

OneLife fined €580,000 after CAA finds AML-CFT failures

Luxembourg life assurance and wealth management company OneLife has been fined 580,000 euro by the country’s insurance supervisor Commissariat aux Assurances (CAA) after “certain failures” were detected in the firm’s anti-money laundering and …
July 26, 2023
Asset Managers,News,Investing

Natixis survey shows ‘we aren’t through the woods yet’

In the wake of a sturdy first half characterised by ebbing inflation, stellar tech-driven stock market performance, and soaring bond yields, economists and investment strategists predict a reduced recession risk for the latter half of 2023, a survey by …
July 25, 2023
Investing

A September rate hike is not a foregone conclusion

The European Central Bank is set to make headlines again on Thursday as it is widely expected to raise its benchmark interest rates by another 25 basis points. The financial world is keenly watching to gauge the ECB's plans for September and beyond. While …
July 25, 2023

Falling dollar puts spotlight on ‘underinvested’ currencies

Declining inflation in the United States is pushing down the dollar. Analysts expect a more prominent role for currencies from emerging markets. There are 'strong indications' that the decreasing US inflation figures, resulting in a lower interest rate …
July 25, 2023
Opinion

No future for undue costs

The European Securities and Markets Authority (Esma) recently focused its attention to undue costs of Ucits and AIFs and issued an opinion thereon in May 2023. In January 2021, Esma started a Common Supervisory Action (CSA) with the national supervisors …
July 24, 2023
Asset Servicing

Apex Group expands in Japan by acquiring Axess

Apex Group, a global financial services provider with a significant presence in Luxembourg, on Monday said it agreed to acquire Axess Accounting Office, a provider of corporate tax services for real estate and private equity firms in Japan. Financial …
July 24, 2023
Asset Managers,Asset Allocation,Investing

Navigating private equity, Baillie Gifford advocates prudence

As pressure mounts on investors to allocate larger portions of their portfolios to alternatives, Stuart Dunbar, a partner and director at Edinburgh-based investment manager Baillie Gifford, stresses the need for careful consideration. He highlights the …
July 23, 2023
Opinion

Chart of the Week: An exodus of doves?

I had to double-check my Bloomberg screen. But it was there indeed, Dutch central bank chief Knot indicated in a recent Bloomberg interview that further monetary tightening after the ECB meeting in July is anything but guaranteed. And that, coming from …
July 20, 2023
Sector,Supervision,Laws and Regulations

AIFMD deal clarifies leverage rules for loan funds

Negotiators from the European Council and European Parliament have reached a provisional agreement on new rules aimed at enhancing European capital markets and bolstering investor protection within the EU. The deal, reached during the early hours on …