CSSF fines BNP Paribas €3 mln for laundering lapses
The CSSF has fined BGL BNP Paribas three million euro for significant lapses in its anti-money laundering and counter-terrorist financing compliance. It’s the second-largest fine ever imposed for AML failings in Luxembourg.
Biggest wealth transfer ever set to begin
The next decade will witness the largest wealth transfer in history.
Private market challenges raise vigilance
Recent issues in the private credit market have heightened the vigilance of Dutch asset managers regarding deals financed by private debt providers.
Ferrytales
It is high time for asset managers to reassess their private equity allocations, argues Jeroen Blokland.
Fund Radar: Global equity funds shine
This week’s Morningstar Fund Radar shines a spotlight on global equity funds, revealing a stellar performance led by US tech giants and highlighting the political twists shaping investor sentiment worldwide.
Supply chain disruptions weigh on solar and wind
Renewable energy stocks have shown underperformance relative to the broader markets for years, even though the long-term outlook remains favourable.
BlackRock sees Eltif2 wrapper as vehicle of choice
Six months after the rollout of Eltif 2.0, the BlackRock private markets team believes this updated wrapper has the potential to become the vehicle of choice for private market investment.
Wealth starts with an income of at least €365,000
If you want to be considered wealthy in Luxembourg, you’ll need to earn an annual gross income of at least 365,000 euro.
Transfer Thursday: Generali, Uni.lu, LPEA, DLA Piper
This week’s overview of transfers includes updates from LPEA, Generali, the University of Luxembourg, Esma, Euroclear, La Française and DLA Piper.
Becoming Dora compliant still is a challenge
Pinsent Masons sheds its light on the changing legal context for managing, registering and reporting significant cyber threats and serious ICT incidents, as per the EU’s Dora regulation that will take effect in 2025.