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Date
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March 17, 2022
Laws and Regulations

Esma warns consumers on risks of crypto-assets

The EU's financial supervisory authorities on Thursday warned consumers that many crypto-assets are highly risky and speculative. The authorities - including the bodies that supervise securities markets and the banking sector, set out key steps consumers …
March 17, 2022
Sector

Federal Reserve plans six more rate hikes in 2022

In what observers labelled as “dovish tightening”, the Federal Reserve on Wednesday evening raised interest rates for the first time since 2018 and flagged that six more rate hikes are coming later this year. Equity markets rallied but with an inverting …
March 17, 2022
Investing

Ukraine war reverberates across the globe, says IMF 

Beyond the suffering and humanitarian crisis from Russia’s invasion of Ukraine, the entire global economy will feel the effects of slower growth and faster inflation, the International Monetary Fund said on Wednesday. “We live in a more shock-prone …
March 17, 2022
Investing

Chinese stock market hit by manic depression

Financial markets do not always react in the same way to news. There are times when the stock market seems immune to both bad news and good news. Investors keep calm and make investment decisions based on fundamentals. The market works. At such times, it …
March 16, 2022
Asset Managers,Private Banks,Wealth Managers

Pictet chief strategist Donay: systemic crisis risks ‘well on’

It almost sounds like a call to run for the hills. Get rid of your risky assets, go defensive, and play volatility as an asset class. Sell European equities and buy Swiss. Now that the Russia-Ukraine war shows no signs of abating, Christophe Donay, Chief …
March 15, 2022
Asset Managers

Investors bracing for FOMC rate hike, Russia default 

There are a number of important events expected this week that will affect investors. The most important is undoubtedly the decision of the Federal Open Market Committee (FOMC) on US interest rates on Wednesday. The Federal Reserve will have to decide how …
March 15, 2022
Transfers

People: JPM AM and BLI boost their sustainability teams

In the Luxembourg transfer market, Banque de Luxembourg Investments and JP Morgan Asset Management both announced that they have strengthened their sustainable investing teams. Consultancy EY meanwhile said it has created a new Luxembourg team dedicated …
March 15, 2022
Laws and Regulations,Asset Servicing

After false start, review sets up Eltifs for success

A comprehensive review by the European Commission has the potential to put the European long-term investment funds (Eltif) regime back on track and set it up for the kind of success Ucits funds have experienced. Eltifs can become competitive with AIFs by …
March 15, 2022
Asset Allocation,Investing

Fitch sees 'limited contagion risk' from bond funds

European emerging-market bond funds pose limited contagion risk to the broader financial system in light of the conflict in Ukraine, rating agency Fitch said on Monday. The funds have low exposure to Russia, Ukraine and Belarus, which should limit the …
March 14, 2022
Supervision

Supervisors step up efforts to maintain financial stability

Financial supervisors in Luxembourg and elsewhere in Europe on Monday stepped up their efforts to maintain financial stability, protect investors and ensure the orderly functioning of markets as part of the European Union’s overall response to the “tragic …