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Date
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July 21, 2022
News

ECB commits to more assertive defence of eurozone cohesion

While closing the door on a seven-year era of negative interest rates with a larger than anticipated rate hike, the European Central Bank on Thursday committed itself to a more assertive defence of cohesion between the 19 economies that use the euro. …
July 21, 2022
Asset Servicing,Investing

UK debt collector Arrow opens Luxembourg office 

Manchester-based distressed debt trader Arrow Global Limited has announced it is opening an office in Luxembourg in order to benefit from the Grand Duchy’s position as a global investment fund hub and to put in place “the optimum infrastructure” to …
July 21, 2022
Asset Managers

Altis survey: ESG integration is more than a paper tiger

When it comes to ESG, those who confine themselves to the paper reality may believe that asset managers are becoming increasingly similar. Those who look deeper however see a different picture: European asset managers not only remain in the lead, but are …
July 21, 2022
Asset Allocation,Investing

High yield promising, if you believe in a snappy recession

As US companies revise their earnings forecasts en masse and fears of recession-induced defaults increase, some investors feel it’s a good moment to get into high yield corporate debt. The key question: what will be the nature of the upcoming recession? …
July 21, 2022
Technology

Luxembourg banks reluctant to embrace cloud services

Luxembourg’s banking association ABBL is encouraging its members to overcome their reluctance and embrace the cloud computing revolution in order to remain “agile and innovative”, especially now that the CSSF has improved its regulatory framework for …
July 20, 2022
Laws and Regulations,Technology

Apex: EU crypto crack-down ‘not a threat’ to Luxembourg

A recent European Union agreement to crack down on the “wild west” in international crypto markets is “not a threat for the Luxembourg crypto market,” according to a senior official at international fund services firm Apex Group. Representatives of the …
July 20, 2022
Investing

ECB seen doubling up with 50bp rate hike on Thursday

Pressed by persistently high inflation in the eurozone, the European Central Bank on Thursday may opt to double up on the 25 basis point rate hike that it has flagged already. Financial markets are increasingly bracing themselves for such a major …
July 19, 2022
News

‘Analysts overly upbeat on corporate profits’

Barely seven of the first 35 companies in the US S&P 500 index to release their second-quarter results subsequently have raised their earnings per share forecast for the third quarter. Are earnings expectations and analysts still too optimistic? Some 77 …
July 19, 2022
News,Wealth Managers

Modern pension funds embrace ESG as ‘good ancestors’

“ So are we going to be good ancestors? Or not?” Social responsibility, sustainability, ESG and SRI are more than buzzwords for the world’s leading pension funds. While some still question the current classifications, taxonomies and regulatory timelines, …
July 19, 2022
Asset Managers

‘Steward’ Nest seeks high standards in UK pensions

In the United Kingdom, the National Employment Savings Trust, known as Nest, is the country’s leading  defined contribution workplace pension scheme. It was set up to facilitate automatic enrolment as part of the government's workplace pension reforms …