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Date
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May 9, 2022
Laws and Regulations

EU, UK KIDs diverge as Brexit becomes Priips factor

A case study of how EU and UK financial sector regulations will diverge is in the shifting rules around the Key Investor Document (KID), part of the Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation. There will be no big-bang …
May 6, 2022

LuxSE, UN Women join forces to advance gender finance 

The Luxembourg Stock Exchange on Friday said it has stepped up its efforts to advance gender equality in finance by cooperating with UN Women, the United Nations entity for gender equality and the empowerment of women. The cooperation was announced during …
May 6, 2022
Transfers

Sabine Caudron to succeed Colmant at Degroof Petercam

The management board of Belgian private bank Degroof Petercam has put forward Sabine Caudron as head of private banking and member of its executive committee. She is due to replace former CEO Bruno Colmant, whose mandate expires after seven years. …
May 6, 2022
Private Banks,Wealth Managers

After solid 2021, Degroof sees Russia 'undermine markets' 

Belgian private bank Degroof Petercam, which has a significant presence in Luxembourg, has warned of ongoing uncertainty in financial markets as a result of Russia’s war against Ukraine, which it said “undermines financial markets”. The bank has announced …
May 6, 2022
Opinion

In Flux: Europe’s own SEC

Luxembourg loves the new new thing, especially when it comes to financial legislation. The big question is: what should be next? The Grand Duchy may have found the answer already. In the late 1980s, the Grand Duchy successfully tapped into global …
May 6, 2022
Asset Allocation,Products

Top-5 defence sector: leaders exposed to moral risk

Investing in weapons and the military industry is controversial for many investors. For example, since 2011, investing in companies that produce, sell or distribute cluster munitions or crucial components thereof has been prohibited by law in 110 …
May 5, 2022
News

Savers to lose ‘hundreds of billions’, Betterfinance warns

A Brussels-based group standing up for European users of financial services has warned that European savers and investors in long-term savings and pension products face a particularly sharp erosion of purchasing power as a result of rising prices. …
May 5, 2022
News

Fed in biggest rate hike in 22 years, switches from QE to QT

The Federal Reserve on Wednesday raised its main policy rate by 50 basis points, the largest increase since 2000. The steep hike reflects the current state of the US economy, where inflation surged to 8.5 percent in March with unemployment relatively low …
May 5, 2022

Luxembourg faces stiff competition in green finance

Luxembourg’s green finance offering placed 7th in an international index of such activities within worldwide financial centres published on 22 April. The financial centre placed third within the EU. It fell two spots in the index since last year’s …
May 5, 2022
Transfers

Clifford Chance beefs up team, Alfi hires from PWC

In Luxembourg, international law firm Clifford Chance this week announced the promotion of two of its counsel and the appointment of nine senior associates, while industry group Alfi has hired a new head of communications from PWC Luxembourg. Eimear …