Investment Officer Luxembourg

This week’s overview of transfers, appointments and promotions includes updates from Advanzia Bank, Arcida, La Francaise, Scope and Alp Financial.

The current approach to the EU’s retail investment strategy may not adequately address broader issues such as the retirement savings gap, reflecting a need for a more holistic approach to financial education and pension policies, a leading European industry representative argues.

The suggestion that the Federal Reserve will maintain elevated interest rates is wavering after Tuesday’s unexpected declines in U.S. inflation figures, much to the delight of stock and bond markets.

Banks are making some progress when it comes to KYC processes by bridging  regulatory expectations and client cooperation challenges.

Adler Group SA,  a Luxembourg-based real estate company active in Germany with a listing on the Frankfurt Stock Exchange, has been fined 30,000 euro by Luxembourg’s financial supervisor CSSF because it has not deposited an audited annual financial report for 2022.

Adler, as a Luxembourg firm, is subject to the country’s transparency law, CSSF said in a statement issued on Monday. Adler did not respond to a request for comment.

Luxembourg’s financial supervisor CSSF has stopped using X, formerly known as Twitter, as one of its communications channels on social media, referring to the increasing circulation of false information on the platform.

European regulators, especially those in Paris and Luxembourg, are at odds over the regulatory and technical standards for the updated European Long Term Investment Funds scheme, known as Eltif 2.0, according to people familiar with the discussions.