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Date
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December 2, 2022
Laws and Regulations

CSSF says SFDR thresholds imply ‘binding commitments’

Luxembourg’s financial supervisor CSSF has made clear that it expects investment funds that commit to sustainability objectives will stick to these commitments. If a fund defines thresholds for specific ESG or sustainability investments, then it should …
December 2, 2022

Amundi reclassifies ‘almost all’ Article 9 funds to Article 8

Referring to a regulatory environment that is “still evolving”, Amundi, Europe’s largest asset management company, said it has taken a “conservative” step and reclassified almost all of its most sustainable investment funds, worth around 45 billion euro, …
December 2, 2022

Morningstar Top 5: Robeco leads China A-shares funds

This week’s Top 5 by Morningstar looks at the performance of funds that invest in Chinese A-shares in the year to date. A-shares are shares of mainland China-based companies that trade on the two Chinese stock exchanges in Shanghai and Shenzhen. Since …
December 1, 2022
Laws and Regulations,Wealth Managers

CSSF hits Bank of Singapore unit with €210,000 AML fine

BOS Wealth Management SA, the Luxembourg-based European wealth management arm of Bank of Singapore, has been handed a 210,000 euro fine by Luxembourg’s financial regulator CSSF for non-compliance with laws designed to fight money laundering and terrorist …
December 1, 2022
Asset Managers,Asset Servicing

EIB issues blockchain-backed bond under Luxembourg law

Developments in Luxembourg legislation have enabled the European Investment Bank, the EIB, to issue for the first time a digital bond under Luxembourg law. In a project codenamed Project Venus, the EIB this week raised 100 million euro by issuing a …
December 1, 2022
Laws and Regulations

Without clear game rules, funds will never get it right

Europe’s asset management industry finds itself under a public magnifying glass after a team of international investigative journalists discovered that the most sustainable funds are still investing in polluting companies. Earlier warnings on possible …
November 30, 2022

‘Impact investing won’t remain a niche market’

Colruyt scion Piet Colruyt (photo) is firmly convinced that impact investing will take off in the coming years. “By 2030, impact investing should reach a 10 per cent market share. It will not remain a niche market,” said Colruyt. Today - 30 November - …
November 30, 2022
Asset Managers,Investing

‘There won’t be a recession in Europe,’ says DWS

The most predicted recession ever is not coming at all. At least, not in Europe. According to DWS, the record-negative figures do not correspond to the actual state of the economy. “We expect growth, not contraction.” In Germany, the difference between …
November 30, 2022

Project Everest: EY set to split audit, consultancy services

EY Luxembourg, one of the Big Four accounting and consulting firms, has moved a step closer to splitting its business into separate entities for audit services and for management consultancy. The firm announced on Tuesday that its 65 partners in the grand …
November 30, 2022
Asset Managers,Investing

Infrastructure funds adapt to changing circumstances

Infrastructure investing has looked like a very good business in recent years. Initially, interest in infrastructure was due to its role as a long-term, inflation-resistant vehicle for institutional investors. But the crying need for building, repairing …