Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
Tuerlinckx Tax Lawyers: arrange timely access to MyMinFin to file Belgian CIV tax return
The Belgian tax administration has further digitalized the procedure for filing the tax on collective investment institutions (CIV tax). In principle, the tax return must now be submitted electronically through the MyMinFin portal.
Russia’s ‘hybrid warfare’ in Europe is a concern for financial supervisors
Digital, operational and cyber resilience are key priorities for the year to come, says CSSF director-general Claude Marx, who points out that Europe is already being targeted by hybrid warfare attacks and expects to see more in the future.
The rise of sales-as-a-service
Financial services firms increasingly test new markets through sales-as-a-service models, relying on experienced industry connectors instead of building costly local teams. Luxembourg’s global ecosystem makes this approach particularly relevant.
Playing with the optimal investment mix
An unprecedented wealth transfer is underway. Over the next two decades, an estimated 124,000 billion dollar in assets will shift globally from the baby boomer generation to younger generations.
Shake-out in active management not over says M&G
The shake-out in active asset management is far from finished, even as some firms regain momentum in the battle for investor flows, according to Joseph Pinto, chief executive of M&G Investments.
Chart of the week: the hidden cost of Trump’s war
The price of a barrel of crude oil surged past the $100 mark as the situation in the Middle East escalated further. A small price to pay, according to the president of the United States. Yet I suspect Trump is taking too narrow a view of the true cost of this new military intervention – if he is even considering those costs at all.
Morningstar: HSBC vs Schroders in Asian bond funds
The Asian bond market continues to deepen, supported by local and international interest.
‘Phantom liquidity’ spooks evergreen investors
Investors in evergreen funds apparently did not fully grasp what they were getting into when they entrusted their capital to these “semi-liquid” vehicles investing in private markets. After Blue Owl, two large private credit funds managed by Blackstone and Blackrock were hit last week with a surge in redemption requests.
Mourant anchors EU fund structuring work in Luxembourg
In a fund market that is becoming increasingly fragmented between European requirements, rising regulatory pressure, and the growth of private markets, large offshore firms can no longer ignore Luxembourg. For Mourant, historically established in Jersey, Guernsey, and the Cayman Islands, opening an office in the Grand Duchy two years ago was not merely a geographic expansion. It was a strategic repositioning.