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Date
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July 22, 2022
News,Laws and Regulations

Esma sees room to improve prospectus approvals

A European screening exercise of prospectus approvals that involved Luxembourg’s financial supervisor CSSF has concluded that EU regulators need to be more efficient in their assessments and that more clarity needs to be provided on the use …
July 22, 2022
News

Markets see ‘considerable risks’ in ECB's new TPI tool

Financial markets expect a further increase of 140 basis points in European Central Bank interest rates by the end of the year, suggesting a steady path of increases of half a percent per six-weekly meeting. Worsening economic conditions in the coming …
July 22, 2022
Opinion

ECB Watch: Not good, not bad but dangerous!

Time and again I look for it. And every time I do not find it. What is it about? I look for the word “money growth” in interviews and speeches by board members of the European Central Bank. That is strange and revealing at the same time.  Strange, because …
July 22, 2022
Asset Servicing

Crestbridge appoints Grave as country head Luxembourg

Jersey-based management company Crestbridge said it has appointed Anne Catherine Grave as country head of Luxembourg. The firm has been active in the Grand Duchy since 2010. Grave will be responsible for leading the business in the region and will provide …
July 22, 2022
Asset Allocation,Products

Top 5 EMD in local currency: top spot for NNIP

With a first-half loss of 7 percent when measured in euro, the GBI-EM Global Diversified Index, the benchmark for emerging market bonds, was by no means the worst student in its class. The past six months have been one of the toughest for bonds ever. …
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 …