NRF: Dora readiness – how to be bound by the impossible
Two months remain before the Digital Operational Resilience Act (Dora) comes fully into force in January 2025. A CSSF survey launched this summer has revealed that the compliance process for most entities is ongoing, but challenges remain regarding resources, dependencies, delays, and contractual negotiations.
PGIM taps SOFR futures to navigate election uncertainty
As investors grapple with the potential market impact of the upcoming U.S. presidential election and simmering geopolitical tensions, Greg Peters, co-chief investment officer of PGIM Fixed Income, is closely monitoring a unique set of derivatives to gauge the Federal Reserve’s future policy path.
CSSF approves first fully tokenised Ucits fund
Franklin Templeton has secured approval from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), to launch the first fully tokenised UCITS fund in the country.
ECB: Everything will be fine with inflation in 20XX
The governing council of the European Central Bank (ECB) lowered interest rates again in October. The bank expects annual inflation in 2026 to reach 1.9 percent, which would align with the ECB’s target of 2 percent annual price increases.
Double whammy: Decarbonisation and de-risking in developing economies
Equity and the principle of “common but differentiated responsibilities.., in the light of different national circumstances” for developing economies was fundamental to the signing of the Paris Agreement.
LuxFlag chair: ‘We’re entering a new era of labelling’
LuxFlag’s Sustainability Investment Week (LSIW24) kicked off on Tuesday, with several speakers sharing their relative optimism around commitments to ESG and impact investing.
Chart of the week: The Way We Were
US inflation has fallen back to 2.4 per cent, not far from the Federal Reserve’s target. In Europe, the inflation levels of the largest economies are already well below the 2 per cent target of the Bank of England and the ECB, just as we saw in the years before Covid.
Marketlink: Private equity needs to innovate in competitive market
Private equity is under increasing pressure to innovate in response to growing competition, according to Hylke Hertoghs and Bastiaan van Slobbe, managing partners at Marktlink Capital.
Morningstar: a good year for high-yield bonds
Spreads on high-yield bonds are tight, and the fundamentals of high-yield look strong. Taking (credit) risks has clearly paid off this year.
MeDirect may fall into the hands of Czech billionaire
Czech Banka Creditas has made a binding takeover bid for the Maltese group over online bank MeDirect. Behind Banka Creditas is relatively unknown billionaire Pavel Hubáček.