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Date
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May 19, 2023
Asset Managers,News,Laws and Regulations

‘Value for money’ replaces full kickback ban in EU retail plan

Fund firms face the prospect of EU rules setting standards of “value for money” for their investment products under the Retail Investment Strategy due to be unveiled on 24 May. This could include disincentives, for example, to charging active management …
May 17, 2023
Asset Managers,Supervision,Laws and Regulations

Esma wants EU law to stop ‘undue costs’ in funds 

Europe’s top regulator for securities and financial markets on Wednesday said it believes there is a need for EU-level legislation to make sure investors do not bear costs that are considered excessive, unnecessary, or unreasonable when they put their …
May 16, 2023
Investing

Private assets: the global 2022 results are in. Finally!

It’s the middle of May and the full-year results are in. For publicly listed companies it would be yesterday’s news. Tax filings have been made and many firms even reported their first quarter. But in private equity, with its long-term perspectives, the …
May 16, 2023
Sector,Opinion

Attracting talent is getting harder!

In 1908, there were 16,000 Luxembourgish immigrants living in Chicago. They were extremely poor and needed to emigrate to survive. Today, people emigrate to Luxembourg for different reasons. It’s more about thriving rather than surviving. Without …
May 16, 2023

‘Reputation risks may lead to fewer ESG products’

Fears in the financial sector that the reputation of institutions - banks as well as fund managers - might suffer as an indirect consequence of stringent sustainable finance regulations might deter firms from developing new ESG products or could make them …
May 16, 2023
News,Sector

City of London aims for fresh ties with Luxembourg 

The top representative of the City of London Corporation on Tuesday began a two-day visit to Luxembourg that includes meetings with Luxembourg for Finance, financial regulator CSSF, the finance ministry and representatives of the grand duchy’s banking …
May 16, 2023
Asset Managers

SFDR clarity welcomed but greenwashing fears linger

Some long awaited regulatory clarity on ESG and sustainability requirements for fund and asset managers appears to have reduced the state of confusion that had led to a downgrade of approximately 270 billion euro in assets under management last year. Yet, …
May 15, 2023
Asset Servicing

‘efa’ new name for European Fund Administration

European Fund Administration, the Luxembourg-based asset services unit of Frankfurt-headquartered management company Universal Investment, on Monday said it is rebranding to "efa", as part of its integration journey into Universal Investment. Since its …
May 15, 2023
News

EU Court of Auditors notes ECB failings in bank supervision

The European Court of Auditors, the EU’s top body designed to improve financial management in the European Union, has criticised the European Central Bank for failing to properly supervise the 110 largest financial institutions in the Eurozone. The ECA, …
May 15, 2023
Asset Managers,Products

Role for Luxembourg in Franklin Templeton’s ambitions

Franklin Templeton on Monday said that all 21 Ucits ETFs from its Icav range have become available to Luxembourg investors in response to growing client demand for ETF solutions. Registering its ETF range in Luxembourg is “an important step” in terms of …