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Date
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May 5, 2023
Asset Managers

Bruno Colmant sees end of ‘so-called neo-liberalism’

Bruno Colmant, former CEO at Degroof Petercam, spoke in Luxembourg this week as a member of Belgium’s Royal Academy. Addressing an audience of bankers and real estate professionals he laid out his views on the impact of increased public spending linked to …
May 4, 2023
Sector,Technology

Luxembourg’s financial sector set for wider adoption of AI

Although usage of artificial intelligence in the Luxembourg financial sector is currently fairly limited and still at an early stage, the grand duchy is set for wider adoption of artificial intelligence in the near future, according to a survey carried …
May 4, 2023
Sector,Supervision

CSSF adopts flexible deadline for SFDR data reporting

Luxembourg financial supervisor CSSF on Thursday announced a more flexible deadline for filing reports on marketing materials in relation to the EU’s Sustainable Finance Disclosure Regulation, or SFDR.  Instead of a firm 15 June deadline, CSSF said it …
May 4, 2023
News

‘Inflation outlook continues to be too high for too long’

The European Central Bank on Thursday began to slow down its pace of rate hikes, announcing an increase of 25 basis points following seven back-to-back increases of 50 basis points. The ECB said that underlying price pressures in the 20 Eurozone countries …
May 4, 2023
Asset Managers,Wealth Managers,Investing

Selling Eltifs to the masses requires distribution adjustments

The launch of the amended Eltif regulation – version 2.0 – fits a narrative in some quarters that the version of Eltif already on the books is some kind of failure. Data nevertheless shows that investment in even the “limited” version of the investment …
May 3, 2023
Asset Managers,Private Banks,Wealth Managers

Owners of Degroof Petercam want to sell their shares

Belgium's largest independent private bank, Degroof Petercam, is considering a major reshuffle of its ownership structure that could potentially lead to a new majority shareholder. Some of the existing owners, mainly Belgian noble families but also …
May 3, 2023
Opinion

Mastering Luxembourg’s toolbox for alternative investment funds

Once upon a time in 2013, Luxembourg launched the conversion of the EU directive on alternative investment fund managers (AIFMD) into its national law. It ultimately culminates, alongside the conversion of other European countries of the AIFMD, into the …
May 2, 2023
Sector

ECB seen hiking 25 bp as policy impact becomes clear

A fresh flash estimate for inflation in the 20 eurozone countries and the latest ECB bank lending data shows that higher interest rates are slowing down economic growth in Europe, fuelling expectations among fixed income analysts and economists of a …
May 2, 2023
Private Banks

Banque Havilland sells custody unit in private banking refocus

Banque Havilland, a Luxembourg private bank owned by British property developer David John Rowland, has sold its depository and custody business for an undisclosed amount to Spain’s Banco Inversis as part of a new strategy in which it fully focuses on …
May 2, 2023
Asset Managers,Investing

Blackstone fund accepts less than one third of redemptions

The Blackstone Real Estate Income Trust, one of the world’s largest property investment funds, in April accepted 29 per cent of 4.5 billion dollars worth in redemption requests. The fund told investors on Monday that it decided to fulfil 1.3 billion, less …