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December 14, 2022

Economic impact of ESG finance hard to measure

To some spectators, many ESG funds engage in greenwashing, making little serious attempt to boost sustainability. To others, this movement is part of a woke agenda that unfairly bashes the energy industry. Yet, “not yet proven” is the conclusion of a new …
December 14, 2022
Sector

As Europe gazes, the future is built elsewhere

While Europe is survival-mode as a result of a war and an energy crisis, the rest of the world is working diligently and purposefully for the future. A notable news item in this context received limited attention: Chinese President Xi Jinping’s visit to …
December 14, 2022

Markets ‘vulnerable to hawkish surprises’ as Fed, ECB meet

The European Central Bank on Thursday is poised to increase interest rates again. Economists and fixed income specialists expect a hike of 50 basis points - following two consecutive 75 point hikes - with markets watching for official signals that point …
December 13, 2022
Asset Servicing,Investing

Apex to support American Cancer Society impact fund

Apex Group on Tuesday said it has been appointed by BrightEdge LLC, the impact investment and venture capital arm of the American Cancer Society, to support the ACS Impact Venture Fund with fund administration services. The fund has a net asset value of …
December 13, 2022
Laws and Regulations

UBO public access ruling reflects morality debate

The EU court ruling ending public access to European ultimate beneficial owner registries lays bare a long-standing political-legal dispute in society over what sorts of interests should be paramount: jurisprudence or morality. As Luxembourg awaits a …
December 12, 2022
Supervision

ABBL, CSSF agree modernisation of banking supervision

After completing a similar transition last year for the supervision of investment fund managers, Luxembourg’s financial supervisors, in close cooperation with bank sector representatives, now have adopted a major modernisation of its banking supervision …
December 12, 2022
Transfers

Mousel to succeed Parkhouse at PwC Luxembourg

Francois Mousel has been elected as managing partner at PwC Luxembourg to succeed John Parkhouse from next July, the firm announced on Monday. Parkhouse’s second four-year mandate will come to an end next year. During his tenure, the firm’s turnover rose …
December 12, 2022
Asset Managers

Cube Infrastructure invests €50 mln in Italian fiber 

An investment fund owned by Luxembourg-based Cube Infrastructure Managers has recently announced a first-phase investment of 50 million euros into a wholesale fiber-to-the-home/ fiber-to-the-office project in southern Italy. When completed, this network …
December 9, 2022
News,Supervision

Esma: Post-Brexit supervision CSSF, AFM ‘insufficient’

Supervisory practices in Ireland, Luxembourg and the Netherlands “appeared insufficient” during the years that Brexit pushed financial services away from the United Kingdom to EU member states, a peer review among European financial supervisors has found. …
December 9, 2022
News,Investing

German court paves the road for more debt in Europe

German judges handed down an important verdict this week: EU treaties are no obstacle to shared debt in the union. The ruling comes shortly after the European Commission called for new joint injections into the economy. “As an investor I would carefully …