2804 results for ""
Date
|
March 23, 2023
News

Swiss supervisor defends AT1 write-offs at Credit Suisse

Switzerland’s financial markets supervisor is defending its decision to force a 16 billion Swiss franc (16 billion euro) write-off in Credit Suisse debt securities that were designed to function as a shock absorber in case of a major financial event. …
March 23, 2023
Asset Servicing,Investing

IO Talks: Kavitha Ramachandran at Apex on private markets

  Raymond Frenken, managing editor at InvestmentOfficer.lu, speaks with Apex's Kavitha Ramachandran, Regional Head of CRM - Northern Europe, during the 2023 ALFI European Asset Management Conference in Luxembourg.    This Luxembourg edition of IO Talks …
March 22, 2023
Sector,Supervision

CSSF fund supervisor Zwick: ‘Embrace regulatory change’ 

Luxembourg’s top supervisor for investment funds on Wednesday reassured the country’s fund management community, describing the sector as “very robust” and speaking about “quite normal” levels of volatility, even though it is not fully immune to the …
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 …