2804 results for ""
Date
|
March 16, 2023
Sector,Supervision

Credit Suisse wants to become ‘smaller, more focused bank’

Negative global market sentiment against Swiss bank Credit Suisse meant Europe's banking sector was under fire again on Wednesday, leading up to a evening statement by Swiss supervisors saying that they will commit liquidity to the bank.  The bank then …
March 15, 2023
Asset Managers

Luxembourg Ucits now dominant in Belgium

Luxembourg-domiciled Ucits investment funds for retail investors have become the most widely used funds in the Belgian market, the head of Belgian asset management association Beama said on Wednesday. Presenting an overview of the state of the Belgian …
March 15, 2023
Supervision

Bank supervisor Claude Wampach: ‘The market is always right’

Now that the initial dust on SVB’s collapse has settled, one of Europe’s top bank supervisors has a clear message for investors, bankers and financial market participants: banks in Luxembourg and elsewhere in Europe are safe and sound thanks to stringent …
March 14, 2023
Sector,Investing

Amundi on US bank crisis: ‘This is not a systemic risk’

Europe’s biggest asset manager Amundi on Tuesday said it does not believe that the collapse of Silicon Valley Bank and the ensuing US banking crisis is an event that poses a systemic threat. In a note to investors, Amundi’s top investment team, including …
March 14, 2023
Private Banks,Investing

Laurent Cooreman takes the helm at BIL’s Belair House

Laurent Cooreman on Monday was appointed as chief executive officer at Belair House, the real-estate focused family office unit of Banque Internationale à Luxembourg, also known as BIL. Cooreman joins from CBRE Luxembourg, where he held the position of …
March 14, 2023
Sector

Moody’s: solid balance sheets limit contagion for EU banks

A solid balance sheet structure will help European banks buffer stressed market conditions following the collapse of their US peers Silicon Valley Bank, Signature Bank and Silvergate Bank, credit agency Moody’s said.  Bank failures typically point to …
March 14, 2023
News,Investing

Pace of rate hikes seen slowing after SVB collapse

Financial markets on Monday appeared to position themselves for a slower pace of rate hikes in the US, or even a pause, amid talk and expectations that the Federal Reserve may adopt a more cautious monetary policy following the collapse of Silicon Valley …
March 14, 2023
Laws and Regulations,Asset Servicing

Cross-border distribution of funds: ManCos fear gold plating

Luxembourg management companies, also known as “ManCos”, are drawing attention to the increasing reporting burden that often lands on their shoulders when European level regulation, such as the cross-border fund distribution directive, is passed. These …
March 13, 2023

PwC Luxembourg announces new country leadership team

Consulting and accounting firm PwC Luxembourg has announced its new “country leadership team” after a vote by the firm’s partners on 10 February 2023. The team which, according to the PwC press release, collectively possesses “a wealth of local and …
March 13, 2023
Investing,Opinion

Chart of the Week: Are equities complacent?

Powell opens the door to a 50-basis-point rate hike, interest rates shoot up and equities crash. And yet, at the time of writing, the VIX index is below 20, raising the question of whether equities are not a bit complacent. You can probably already hear a …