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Date
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February 19, 2024
Opinion

Powell’s Predicament

The recent inflation bombshell must have rattled Powell and his cohorts, throwing a wrench into their plans for imminent rate cuts in pursuit of a smooth economic descent. Equities, too, find themselves on shakier ground. ‘High’ is an understatement …
February 16, 2024
Private Banks,Wealth Managers

Private banks grapple with sustainability preferences

Private banks are navigating challenges in discerning customers' sustainability preferences, hindered by a lack of common definitions and necessary data. The struggle persists as new legislation under Mifid 2, effective since August 2022, mandates …
February 15, 2024
Asset Managers,Private Banks,Wealth Managers

Eltif2 discussions cause slowdowns in new launches

Protracted discussions over supervisory standards relating to the liquidity requirements in the EU’s new regime for European Long Term Investment Funds, known as Eltifs, are delaying the launch of new funds for these private asset investments. The delays …
February 15, 2024
Transfers

Transfer Thursday: MFS, Candriam, TMF, Eiopa

This week’s overview of transfers, appointments, promotions and other people news includes updates from MFS, Candriam, TMF and Eiopa. Michael Derwael  Michael Derwael (photo) has been appointed as head of office at MFS Luxembourg, a key hub that …
February 14, 2024
Sector

Mackel reportedly set to become Luxembourg’s EU ambassador

Nicolas Mackel, currently serving as the ceo of Luxembourg for Finance, is preparing to assume a new role as Luxembourg's permanent representative to the European Union in Brussels.  According to Luxemburger Wort and RTL, Mackel's transition from the …
February 14, 2024
Sector,Laws and Regulations,Technology

‘Tokenisation is the next step for asset management’

Tokenisation is the next step for the asset management industry. So says not only Larry Fink, Blackrock's CEO, but also Jeroen van Oerle, manager of Lombard Odier's fintech strategy. He sees the potential impact mainly in private markets. In January, …
February 14, 2024
Opinion

Regulators watch too many sci-fi movies

Expecting firms covered by DORA to possess the skills, time, and capacity to function as ICT experts is yet another regulatory demand that offers little in terms of investor protection. The added layers of control imposed on investment firms are poised to …
February 13, 2024
Asset Managers,Sector

Switzerland set to compete with Luxembourg Raifs 

Switzerland is preparing to step up competition with Luxembourg as a fund domicile for alternative investment funds. The industry, however, is not convinced that the Swiss alternative can fully match the international success of Luxembourg Raifs. From …
February 13, 2024
Opinion

Eurozone and the US are out of sync

The economies of the Euro area and the US often move in tandem due to their similar structures and deep economic connections. However, divergences occur, notably during asymmetric shocks like the Euro crisis of 2011-2013. When one of the two economies is …
February 12, 2024

UN tax convention seeks inclusive and more effective rules

A global effort to strengthen the international tax process to make it more fully inclusive and more effective is garnering worldwide support. The OECD? No. Many advocates of this tax reform project are less than impressed by the OECD’s accomplishments to …