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Date
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October 3, 2022
Private Banks

CSSF penalises Safra Sarasin for AML shortcomings

Luxembourg financial regulator the CSSF announced late last Friday a “reprimand” on a Swiss private bank named Banque  J. Safra Sarasin (Luxembourg) S.A. for failing to comply with Luxembourg law on the fight against money laundering and terrorist …
October 3, 2022
Asset Managers,Products,Investing

Swiss VC Serpentine sees ‘gold standard’ in Lux Raifs

For Zurich-based Serpentine Ventures, a venture asset manager , Luxembourg is a key gateway to reaching international investors. The firm is leveraging the grand duchy’s regime for alternative investment funds for four of its venture capital funds that …
September 30, 2022
News

Tough days ahead for BEPS 2.0 as Ecofin meets

The OECD’s latest global tax plan is in trouble. Dubbed “BEPS 2.0”, the Inclusive Framework Pillar One and Two proposals – which has the political backing of 137 countries – is facing political difficulties, including within the EU and the US. The …
September 30, 2022
Investing

Analysis: no end in sight to euro weakness

Panic appears to rule the world's most liquid financial market, the foreign exchange market. The Bank of England had to announce emergency measures on Wednesday to stop the pound's dump. Behind the panic is a systemic crisis: a dramatic fall in European …
September 29, 2022
Asset Managers,Investing

Nuveen raises €250 mln with energy transition credit Raif

Nuveen Infrastructure’s Glennmont Partners, a major clean energy infrastructure manager, on Thursday said it has raised 250 million euro through its energy transition enhanced credit II strategy, or ETEC II, based on a Luxembourg alternative fund. The …
September 29, 2022
Sector

For LSFI’s Centofanti, awareness comes first

Raising awareness on a complex topic like sustainable finance goes far beyond talking to the general public. All actors, including the finance sector, need to develop a suitable level of understanding before policies and investment strategies can …
September 29, 2022
Asset Servicing

Strong growth for Q Securities as banks cut depositaries

Marking its first anniversary in Luxembourg, Warsaw-headquartered depositary services firm Q Securities on Wednesday said that it is aiming for 30 alternative funds as clients by this end of the year and 50 funds next year, up from the 20 it has onboarded …
September 29, 2022
Asset Managers,Asset Servicing

Fragmented European market stymies fund distribution

Ambitions to build on Luxembourg’s global hub status for investment funds to make this country a global fund distribution centre are being held back by differing national approaches on regulations as well as prudential rules, despite efforts to harmonise …
September 28, 2022
News,Institutional

Insurers seek resilience in private equity, survey shows

Global insurers are innovating their investment approaches amidst rapidly changing market conditions this year, focusing on resilient portfolio construction, liquidity management, and integrated technology, according to Blackrock’s latest Global Insurance …
September 27, 2022
News,Sector

Fondsevent: Europe risks losing out in ‘the big game’

“Europe does not use its single market enough as a political lever and militarily the continent does not amount to much. Our democracy and free market will be besieged on all sides. Meanwhile, the West's willingness to protect our way of life is extremely …