VP Bank shows how tokenisation can be applied
Inheritance planning is one area where tokenisation can provide benefits, the experience of VP Bank in the Alpine state shows. The bank’s specialists recent spoke in Luxembourg to explain how tokenisation can be applied once the EU MiCA regulation enters into force.
A Luxembourg Raif helps finance Bill Gates’ Rome hotel
A reserved alternative investment fund registered in Luxembourg turns out to have played a central role in the 165 million euro financing of the Palazzo Marini, Bill Gates’ new six-star hotel in the centre of Rome, close to the Trevi fountain. The team that supported the deal from Luxembourg was at law firm Dentons, with European Capital Partners SA as AIFM.
CSSF imposed €4.3 mln in fines, biggest for BLI's parent
Luxembourg’s financial regulator CSSF imposed a total of 4.3 million euro in fines on financial services companies in the Grand Duchy last year, less than the 6 million euro in fines issued in 2020. Most fines were imposed under laws preventing money-laundering and terrorism finance, according to CSSF’s 2021 annual report.
Chart of the week: A few rate hikes, but then what?
In retrospect, we can say that central banks used the annual Jackson Hole symposium to revive their credibility as inflation fighters. This also applies to the ECB.
After yet another higher-than-expected inflation rate - we are now at 9.1 percent - and core inflation at a new record of 4.3 per cent, the ECB Governing Council on Thursday has adopted a record interest rate hike of 75 basis points.
Nearly half of complaints to CSSF come from Germany, UK
The number of complaints received about financial services in Luxembourg last year rose by 25 percent, with clients in Germany and the U.K. accounting for almost half of them, according to the latest CSSF annual report.
PGIM Investments: A Dynamic Liquid Alternative to Navigating Uncertainty
A global macro strategy may be beneficial in uncertain times due to its ability to embrace diverse and less correlated return sources while maintaining the flexibility to take long and short positions.
Morgan Stanley IM: Markets Are Down, but Earnings Are Not…Yet
After the worst start to a year in more than 50 years, the market’s earnings look distinctly vulnerable, given their current elevated level and the probable economic slowdown. In this uncertain macroenvironment, the International Equity Team discusses how to keep a portfolio robust.
Aude de Roquancourt joins EY as partner
Aude de Roquancourt has joined EY Luxembourg as a new partner in the accounting compliance and reporting department, the firm said on Thursday.
De Roquancourt previously served as head of fund reporting at EQT Luxembourg and as head of accounting at Societe Generale. She holds a master’s degree in business and management from the EM Lyon Business School, France. She is a certified Six Sigma Black Belt Project Manager and qualified as chartered accountant.
‘ECB puts its credibility on the line’ with record rate hike
The European Central Bank announced its biggest ever interest rate hike on Thursday. Its three key interest rates will be raised by 75 basis points in an attempt to control rapidly rising inflation in the eurozone. “The ECB has put its credibility on the line today.”
Top 5: Eurozone value little to cheer about
Eurozone value stocks are performing this year in a way not seen since 2016. Over the first eight months of the year, they actually achieved better returns than the broad market. Yet investors in funds that invest in such equities will have few reasons to celebrate.