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Date
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July 3, 2023
Opinion

ECB shows no signs of considering a rate pause

The European Central Bank (ECB) may not openly acknowledge it, but behind the scenes, goodwill is slipping away. Goodwill represents the intangible, invisible value of a company. When applied to a central bank, it refers to the willingness to make …
July 3, 2023

ShareAction challenges complacency on ESG investments

ShareAction, a UK-based international charity advocating for responsible investment, on Monday launched a new definition of "responsible investment" with the aim of raising standards across the financial sector while combating greenwashing and misleading …
July 3, 2023
Asset Managers

Global managed assets witness first decline in 15 years

Global managed assets decreased by four percent to $255 trillion in 2022, marking the first decline in fifteen years, according to the new Global Wealth report by Boston Consulting Group (BCG). However, global savings increased by over 6 percent during …
July 3, 2023
Asset Managers

Tax experts anxiously await clarity on ATAD-3 text

Luxembourg’s financial sector has faced a wave of tax avoidance legislation in recent years. But the impact of the earlier measures is likely to pale in comparison to the EU’s latest – the third Anti-Tax Avoidance Directive, known as the “Unshell …
June 30, 2023
Asset Managers,Private Banks,News,Laws and Regulations

ABBL claims success in lobbying effort on third-country branches

The association representing Luxembourg’s banking industry has claimed success in its lobbying effort to persuade the EU to amend the rules governing the prudential requirements and the supervision of third-country branches to its satisfaction. The …
June 30, 2023
News

Small investors don’t understand interest rates, but returns are ‘excellent’

Private investors do not know what rising interest rates do to their investments. Despite this, they said they achieved solid returns even when blood ran through the streets. The Dunning-Kruger effect, a psychological phenomenon in which people who are …
June 29, 2023
Asset Managers,Products,Wealth Managers

Eltif 2.0 is powering a wholesale private equity transformation

Through various legislative acts over the past 10-15 years, the EU's push to democratise private markets has transformed how private equity does business, with a heavy helping of technology and fund management tools allowing for what could be a massive …
June 28, 2023
Asset Managers,Private Banks,Wealth Managers,Family Offices

Greenwashing: lessons for investment managers

The road to hell is paved with good intentions. This applies also for well-intended regulations on environmental, social and governance. Because of the growth of ESG-focused investments in recent years, a new problem pops up: the risk of greenwashing.  …
June 28, 2023
Opinion

Can Luxembourg avoid fee cuts?

One of my first lessons in finance was that you cannot consistently outperform the market. When it does occur, it is the result of luck rather than skill. You are better off investing in passively managed funds than those actively run by gurus and …
June 27, 2023
News

Family offices plan biggest asset allocation change in ages

Family offices are looking to allocate more assets to fixed income in the coming years, as well as illiquid alternatives such as private equity (secondaries). About a third of wealthy families already invest in digital assets, even if it is usually a very …