Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
Funds Avenue, Trustmoore assert no major weaknesses after €700k CSSF fine
The latest in a series of hefty fines levied by financial regulator the CSSF has fallen on a fund manager with strong links to the Fuchs & Associés saga, featuring millions in fines for financial malfeasance.
EU’s big talk on investments union still raises many questions
The European Commission has set out yet another grand vision for Europe’s capital markets. Behind the lofty rhetoric, the plan leaves a familiar set of unresolved questions.
NRF: The first SFDR compliance related CSSF administrative sanction
Luxembourg’s CSSF has issued its first SFDR compliance sanction, marking a shift to enforcement. Asset managers, take note—ESG disclosures must be accurate, clear, and aligned with investment policies, write Claire Guilbert and Cyril Clugnac at Norton Rose Fulbright.
Are regulations stifling investor appetite?
Are EU regulations making investing bland? Gregory Kennedy explores the balance between safety and innovation, and why investors crave flavourful returns.
Première amende SFDR pour « non-conformité en matière de durabilité »
Les experts juridiques alertent sur l’intensification des efforts des régulateurs pour lutter contre l’écoblanchiment. À la fin de l’année dernière, la première amende a été infligée pour non-respect du règlement européen sur la publication d’informations en matière de durabilité (SFDR).
Aviva fine marks start of SFDR enforcement era in Europe
As Europe’s watchdogs tighten scrutiny on Article 8 funds, managers must now defend their classifications or risk being challenged across EU markets.
Luxembourg pressed to tighten controls on terrorist financing
Luxembourg’s financial watchdogs are stepping up their scrutiny of terrorist financing amid concerns that the Grand Duchy’s status as an international financial hub makes it vulnerable to abuse by illicit actors.
CSSF aims to set benchmark for AI-based supervision in EU
Luxembourg’s financial supervisor, the CSSF, is charting new territory with its ambitious adoption of sovereign cloud infrastructure and artificial intelligence.
La procureure générale alerte sur l’arriéré des affaires de criminalité financière
Martine Solovieff, procureure générale du Luxembourg, exprime ses inquiétudes face aux difficultés persistantes du pays dans la lutte contre la criminalité financière, pointant comme obstacles majeurs la surcharge de dossiers et le manque de personnel.