Open finance: an ambitious but tortuous journey
New technologies have the potential to support the integration of capital markets, improve the provision of financial services and make them more efficient for the benefit of companies and citizens. Integrating them into existing business models also requires a cultural change among those who use them.
Luxembourg to publish new Eltifs monthly
Luxembourg’s financial regulator CSSF plans to make public an online register of European long-term investment funds (Eltifs) later in in July. The register will be updated every month with new registrations.
Luxembourg banks struggling with compliance, AML
Luxembourg’s banking sector, once heralded for its stability and strong governance, is now grappling with substantial hurdles in adhering to anti-money laundering (AML) regulations, a new consultancy report reveals.
Van Lanschot Kempen eyes bigger market share in Belgium
Amsterdam-based investment firm Van Lanschot Kempen is keen to expand its market share in Belgium.
Sport is the new eye candy for family offices and private equity
Ultra-rich families are increasingly casting their eye on sports as an asset class. According to Goldman Sachs, interest is fuelled by rising valuations and lucrative media contracts.
J.P. Morgan Private Bank open to acquisitions in Benelux
Ambitious growth plans for J.P. Morgan Private Bank in the Benelux mirror the broader trend of consolidation in private banking, highlighting industry-wide expansions and strategic transformations in the low countries.
J.P. Morgan Private Bank open to acquisitions in Benelux
Ambitious growth plans for J.P. Morgan Private Bank in the Benelux mirror the broader trend of consolidation in private banking, highlighting industry-wide expansions and strategic transformations in the low countries.
Quintet’s Dutch subsidiary is upbeat on Europe’s prospects
While economic growth and growth expectations for the US are leveling off slightly, the European economy appears to be strengthening. A unique moment lies ahead: the European Central Bank (ECB) may pre-empt the Federal Reserve (Fed) with rate cuts.
ING ejects Luxembourg retail clients in private banking push
ING Luxembourg has decided to eject thousands of mass retail clients in the grand duchy as part of a strategic transformation in which it plans to boost its focus on more profitable private banking services.
Private bank Hauck Aufhäuser goes Dutch in €672 mln deal
Dutch bank ABN Amro on Tuesday said it agreed to pay 672 million euro for German private bank Hauck Aufhäuser Lampe, also known as HAL, from debt-laden Chinese investment company Fosun International. HAL’s asset services activities in Luxembourg and Ireland are excluded from the transaction.