Asset Owner

Data-dependent, that was perhaps the word we heard most often from the president of the European Central Bank (ECB) in recent months.

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.

China’s rapid emergence as a market leader in electric vehicles (EVs) has sparked significant concerns throughout the European Union. Are the expansions of Chinese automakers into Europe a modern-day Trojan horse?

With the United States facing another daunting budget deficit of seven percent of GDP this year, such alarming depictions of debt are proliferating.

The spread on French government bonds has peaked again, showing that financial markets are on edge ahead of Sunday’s elections. Until they conclude later in July, many investors are favouring other European government bonds. “Any reminder of the European debt crisis is a red flag for international investors,” one analyst remarked.

Despite the rightward tilt of the recent European parliamentary elections, Quintet Private Bank’s chief investment officer is talking up what seems like unexpected good news for Europe.

This week’s overview of transfers, appointments, promotions and other career news includes updates from PwC Luxembourg, EY Luxembourg, the European Securities and Markets Authority (ESMA), the European Stability Mechanism. DLA Piper, CMS. Fundcraft and CAIA Luxembourg

Luxembourg financial regulator CSSF has confirmed that the 34.49 percent holding in Nvidia by an Amundi fund does not constitute a breach of the 2010 law on undertakings for collective investment, which caps Ucits investments in most individual stocks at 10 percent.

Fondsen met allocaties aan Nvidia, de Amerikaanse producent van kunstmatige intelligentiechips, zaten aan hun concentratielimieten voordat het aandeel tijdens recente handelssessies wat van zijn spectaculaire winsten begon in te leveren.

Esma’s new guidelnies on using ESG or sustainability related terms in fund names may have massive implications for fund managers, writes Sebatiaan Hooghiemstra.