British barristers back in business
UK law firms are seizing new opportunities in Luxembourg following a lift of post-Brexit restrictions. With the recent parliamentary approval of a provision from the 2020 UK-EU Trade and Cooperation Agreement in June, British barristers are returning to the Grand Duchy. Mindful of the substantial revenue potential in the region, these firms are showing vigorous interest in expanding their operations, marking a revival of British legal practice in Luxembourg.
Transfers: Liam Healy named CEO at FE fundinfo
This week’s overview of transfers in the fund and asset management sector includes appointments at FE fundinfo, Allianz Global Investors and Capex.com.
Liam Healy
Liam Healy (photo) has been appointed as chief executive officer at FE fundinfo, a specialist in investment fund data and technology, effective 4 September 2023. FE fundinfo is the parent company of Fundsquare, a Luxembourg provider of fund distribution services.
CSSF orders broad assessment of fund valuation frameworks
Luxembourg’s financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), has set a deadline of December 31, 2023, for investment funds and their managers to conduct comprehensive assessments of their valuation frameworks and to update these where necessary.
European ESG debt issuance down 23.9% in Q2
The latest quarterly report from the Association for Financial Markets in Europe (Afme) highlighted diverging trends in the European Environment, Social, and Governance (ESG) finance landscape during the second quarter of 2023.
European ESG bond and loan issuance dropped by 23.9 percent year-on-year to 151 billion euro in the second quarter. The quarter also saw an 11.1 percent decrease compared to the first quarter.
ECB: Tone of central bank words affects asset prices
The tone of a central bank’s communication matters for asset prices, according to a new European Central Bank study demonstrating the impact of words used to describe the context for monetary policy. The ECB has developed a specific indicator to measure the tone of its policy messages compared to the Federal Reserve.
Schroders : the prospects for equities vs bonds
Schroders : the prospects for equities vs bonds
Luxembourg view of AI risks: manipulation & fraud
In Luxembourg as in the wider world of finance, the marvels of artificial intelligence are being celebrated, but there’s a growing focus on the potential downsides. The risk of fraudulent behaviour and manipulation in financial markets is looming large, and both local and international cybersecurity experts are warning that today’s hackers may enhance their abilities through AI. This advancement is happening while numerous organisations are neglecting basic cybersecurity measures.
Are all investors overconfident crybabies?
Investing seems like a simple cyclical process: gathering information, making purchase decisions, selecting investments, holding and selling. But everything must happen at the right moments, and many investors seem confident in this. What is it that causes emotions to still obstruct rational considerations even among experienced investors? Are all investors overconfident crybabies?
Golergant joins Biondi to co-direct Monex Luxembourg
Monex Europe S.A., a Luxembourg-based specialist in commercial foreign exchange, announced the appointment of Percy Golergant as executive director for Luxembourg. He will work alongside Carlo Biondi, who has held the role of executive director since March 2021.
Golergant and Biondi will co-direct the Luxembourg office’s operations. This includes streamlining its IT solutions, enhancing risk management services, and driving sales in the market.
Next-gen ETFs: Luxembourg, Ireland tell tale of two Europes
Ciaran Fitzpatrick of State Street Institutional Services paints a vibrant picture of the evolving landscape for Exchange-Traded Funds (ETFs). Across the investment world, the move from active to passive is not just a trend but a shift that is being felt across retail and institutional investments, largely due to persistent pressure on costs. Ireland and Luxembourg present different appeals to new issuers.