Events

Russia’s attack on Ukraine on 24 February this year is a “turning point and a milestone in European history. Its impact is enormous. No policy area remains unaffected.” So said Steven Van Hecke, professor of international relations at the KU Leuven university on Thursday at Investment Officer’s Portfolio Day in Brussels. 

It’s been nearly a decade since the European Commission set out its ambitious plans for a Capital Markets Union (CMU), diversifying sources of funding in Europe’s economy. Progress so far has been slow and Brussels now has conceded it needs help to persuade member states and its citizens of its merits before it can make another push

The collapse in the value of two cryptocurrencies linked to South Korea’s Terra blockchain has sent the crypto world aflutter. The resultant crash wiped out over USD 15 billion in cryptocurrency value, raising questions about the level of stability offered by “stablecoins” and attracting the attention of politicians and regulators worldwide. Jake Lee, chief strategy officer of Gopax, a South Korean cryptocurrency exchange, who knows the players involved,  shared his insights at the recent Finverse Forum conference in Luxembourg. 

It may be only 8 years away, but many representatives of Luxembourg’s financial centre have clear visions of a 2030 of higher technology but also a commitment to ESG values, but which may be a challenge to bring about.