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Date
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January 31, 2023
Investing

‘ECB should raise the deposit rate to 4, 5 or even 6 percent’

Eurozone interest rates will rise further in the near future as evidence grows that inflation has become entrenched, leaving the European Central Bank no option but to continue to hike its policy rates. At Ethenea, ECB watchers believe official deposit …
January 30, 2023
Private Banks,Wealth Managers

EDB to support Arab Bank’s real estate ambitions in Emea

European Depositary Bank, a Luxembourg-based provider of banking, depositary and custody solutions that is part of the Apex Group, on Monday said it has been appointed by Arab Bank to support its real-estate ambitions in the European, Middle East and …
January 30, 2023
Opinion

Graph of the week: a major mismatch

The chart showing market expectations of what the Federal Reserve will do and what the central bank wants to do is fascinating at the moment. Take a moment and sit back. As Powell highlighted in his latest FOMC press conference, the Fed is aiming for a …
January 27, 2023
Opinion

The ECB should learn from the Fed

Forget about all those bars of gold that are heavily guarded because they are incredibly valuable. Credibility is the most valuable asset for a central bank. It is the monetary version of what goodwill is to a company. In this respect, the ECB could learn …
January 27, 2023
Products

Top 5: UBS leads in high-yield bond funds

After a dramatic first half of the year where global high-yield bond funds lost 7.3 per cent of their value, the second half of last year saw a small gain of 1.4 per cent, in euro terms. The consensus among fund managers remains that despite recession …
January 27, 2023
Asset Managers,Laws and Regulations

‘ESG reporting requires clear, consistent EU framework’

The EU’s top financial markets authority on Thursday invited the European Commission to clarify new sustainability reporting requirements for European companies and to make its legislation for non-financial reporting standards more consistent with other …
January 26, 2023
Asset Managers

Mike Gitlin to replace Tim Armour as Capital Group CEO

Los Angeles-based Capital Group, a major global investment manager also present in Luxembourg, on Thursday said that Mike Gitlin from October will assume the management responsibilities of Tim Armour, chairman and chief executive officer. Armour and vice …
January 26, 2023
Supervision

CSSF asks firms to use EBA’s threshold monitoring tools

Luxembourg’s financial supervisor CSSF on Thursday published an update to its  Reporting Handbook for investment firms. The update integrates the latest version of the reporting framework designed in recent years by the European Banking Authority and …
January 26, 2023

AIFM directors concerned over greenwashing risks

Boards of AIFMs, Alternative Investment Fund Managers, in Luxembourg are “heavily concerned” over potential greenwashing, a survey conducted by PWC Luxembourg on behalf of the Luxembourg corporate governance institute ILA said.  The survey pointed to …
January 25, 2023
Asset Managers,Supervision

CSSF fines Pemberton for ‘failures’ under AIFM law

Luxembourg’s financial supervisor CSSF has levied a 22,100 euro fine against alternative investment fund manager Pemberton Asset Management SA after a 2020 inspection found  “failures” in risk management, organisational requirements and supervising …