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CSSF modernises regime for fund administrators

Submitted by raymond.frenke… on Wed, 25 May 2022 - 06:00
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Fund administrators active in Luxembourg will be required to produce an annual report on their governance and internal organisation from next year onwards as part of a long-awaited effort by financial supervisor CSSF to modernise a 30-year old supervisory framework in this field.

16bn VLK mandate goes to BNP Paribas custodian

Submitted by mike.gordon@in… on Wed, 20 Oct 2021 - 08:27
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The Dutch private bank Van Lanschot Kempen has engaged BNP Paribas Securities Services as custodian for, among other things, custody, investment administration of the funds branch and custody and clearing activities for the bank. It concerns a mandate of EUR 16 billion in total.

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