Return of CSV could reshape Luxembourg’s financial course

With the collapse of the Green vote ending the country’s so-called “Gambia” (blue, green, red) coalition, Luxembourg’s financial sector is seen to stand to benefit from the near-certain return of the exiled Christian Socialists to governing. There’s an emerging consensus that a prime minister Luc Frieden would be good news for the financial sector and would also make finding solutions to problems besetting the country more likely.

SFDR 9 : la grande course au reclassement se fait attendre

https://www.investmentofficer.be/fr/actualites/larticle-6-bas-fonds-du-non-durableAprès la grande vague de reclassement de la fin de l’année dernière, rares sont les acteurs qui osent encore associer le label le plus durable à leurs fonds. Le reporting selon l’article 9 du SFDR ne leur apporte aucun avantage commercial.

Esma plans review on investors’ sustainability preferences

The European Securities and Markets Authority (Esma), the EU’s financial markets regulator and supervisor, on Tuesday said it plans a comprehensive review next year of industry efforts to integrate sustainability in investment firms’ suitability assessment and product governance processes and procedures.

The review will be shaped as a Common Supervisory Action, or CSA, in which it closely involves national supervisors such as the CSSF in Luxembourg.

Esma emphasises digital and green in 2024 work programme

The European Securities and Markets Authority, Esma, on Thursday posted its 2024 work programme, emphasising digital and green transitions against a backdrop of economic challenges including inflation and geopolitical strains.

Esma said it plans to reinforce its market and risk monitoring efforts and support the European regulatory framework’s implementation, particularly in digital and sustainability sectors. This is in line with the regulator’s aim to address challenges for the European Union and its citizens, including investors.

FATF: Luxembourg needs to bolster non-financial supervision

Luxembourg needs to make a bigger effort to supervise the non-financial sector and better scrutinize real estate firms, trust companies, notaries and services firms, the world’s top body to fight money laundering and the financing of terrorism said on Wednesday. Both the Luxembourg government and financial sector supervisor CSSF issued statements underlining the FATF report’s “overall good result” for Luxembourg.

L'Efama critique la proposition de l'UE sur la cybersécurité : trop large

L’association européenne de gestion de fonds et d’actifs, l’Efama, a exprimé sa profonde inquiétude quant aux normes de mise en œuvre réglementaire et technique proposées pour le Digital Operational Resilience Act, le plan de cybersécurité connu sous le nom de Dora, critiquant les mesures comme étant excessivement larges et disproportionnées.