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Date
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June 8, 2022
Laws and Regulations

Luxembourg freezes 4.3 billion euro in Russian assets

Luxembourg has frozen some 4.3 billion euro in Russian assets, mostly held in shares, bonds and bank accounts, as part of the international sanctions against Russia, the finance ministry said. The Luxembourg Business Register, at the request of the …
June 8, 2022
Laws and Regulations

In Amsterdam, ECB council faces eurozone conundrum 

European central bank policy makers will meet in Amsterdam on Thursday for their annual out-of-Frankfurt meeting at the invitation of Klaas Knot, the Dutch central bank governor who is known for his hawkish approach to interest rates and his support of a …
June 8, 2022
Laws and Regulations

EU regulators add details to sustainable finance rules

As the financial industry continues to call for more clarity and guidance to handle what even supervisors see as the "astonishing" complexity of the emerging EU framework for sustainable finance, impact investments and ESG, European regulators have added …
June 8, 2022
Sector

BlackRock’s clients ask for portfolios in line with SDGs

The Sustainable Development Investments Asset Owner Platform, known as SDI AOP, offers the opportunity to standardise SDG impact measurement and develop a broad benchmark for the Sustainable Development Goals (SDGs). “The platform can become a global …
June 8, 2022
News,Investing

World Bank warns of 1970s-style stagflation

The World Bank on Tuesday warned that the global economy is facing a 1970s-style stagflation with a protracted period of feeble growth and elevated inflation. “For many countries, recession will be hard to avoid,” World Bank President David Malpass said …
June 7, 2022
Laws and Regulations

Yuriko Backes: EU & Brexit translator

Luxembourg Finance Minister Yuriko Backes is visiting London this week, at a time when advocates of maintaining strong UK-EU financial services relationships are struggling to have their voices heard. The Luxembourg government has sought to take the heat …
June 7, 2022
Technology

Tokenisation can bridge funding gap for infrastructure

Financing expensive new infrastructure projects is a challenge for countries around the world. An American early-stage fintech named Pontoro recently pitched in Luxembourg its development of an innovative new digital assets platform that makes these …
June 7, 2022
Investing,Opinion

Chart of the week: this valuation gets in the way

When it comes to equity valuations, most investors are concerned with the price/earnings ratio. And while that P/E ratio has fallen to just below the average of the past decade, the picture painted by another valuation measure is much less attractive. The …
June 3, 2022

Esma reminds funds of duties on stranded Russia assets

European financial market regulator Esma has reminded fund managers of their fiduciary duties to correctly account for the impact of Russia's invasion of Ukraine on investment funds. Esma recently published a note to in which it “recognises first and …
June 3, 2022
Opinion

In Flux: Fifty shades of green

Sustainable finance poses a compliance risk you can no longer afford to ignore, no matter whether you are green or brown. Offering green investment products without actually doing so can get you into serious trouble. Asoka Woehrmann, the chief executive …