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Luxembourg holds 54.6% share in cross-border funds

Luxembourg continues to dominate the global cross-border fund registration landscape, holding a 54.6 percent market share despite a slight 0.4 percent drop in 2023, according to PwC Luxembourg’s latest Global Fund Distribution Poster. The 24th edition of this annual posted provides an in-depth analysis of the fund distribution trends across over 40 countries.

Forget about bubble spotters!

Over the past year, Nvidia’s stock has soared by more than 200%, igniting talks of a “bubble” among the self-proclaimed financial seers. But what precisely do we mean by a “bubble”? This term, often thrown around loosely, lacks a consistent definition among its most vocal proponents.

CSSF fines Intertrust €162,500 for not sticking to custodian duties

The Commission de Surveillance du Secteur Financier (CSSF) has imposed a fine of 162,500 euro on Intertrust (Luxembourg) S.à r.l., a specialist in the professional financial sector, for not adhering to its custodial duties as outlined in Luxembourg’s financial sector legislation, particularly concerning the management of non-financial assets.

Esma fines Scope Ratings €2.2 mln euro for regulatory breaches

The European Securities and Markets Authority (Esma), the EU’s financial markets regulator, has fined the European rating agency Scope 2.2 million euro for breaches of the Credit Rating Agencies (CRA) Regulation. The penalty is for Scope’s failure to manage conflicts of interest adequately, involving both structural and specific non-compliance issues.

Swissquote seeks to democratise securities lending

When investors buy a company’s share, conventionally, they hope for the stock value to climb and maybe pay dividends. But there’s another way to make money on your shares – lend them to other investors to use for their own purposes, for a fee. This hasn’t been previously possible for most investors in Luxembourg. With help of a fintech, one bank has committed to make it happen.