CSSF ready to conditionally approve Eltif 2.0 applications
Luxembourg’s financial supervisor CSSF is ready to conditionally give its green light for new applications of Eltif 2.0 funds, even as the market still awaits a final adoption of the regulatory and technical standards, known as the RTS, by the European Commission.
Lancement Eltif 2.0 : Tension monte au Luxembourg
À l’aube du lancement très attendu du nouveau régime de l’UE pour les Fonds Européens d’Investissement à Long Terme (Eltifs), le monde des marchés privés est en effervescence, marqué par une pointe d’incertitude.
Luxembourg remains among most-expensive fund domiciles
Luxembourg last year remained among the most expensive domiciles for investment funds in Europe in all three investment categories, according to a research report released on Monday by the European Securities and Markets Authority, Esma.
Pressions politiques sur la règlementation ESG de la SEC
La pression politique exercée sur la Securities and Exchange Commission (SEC) américaine s’intensifie, alors qu’elle multiplie les efforts pour imposer des rapports climatiques et une règlementation ESG. Le récent report de la publication des règles définitives suggère que la SEC cèderait finalement à cette pression.
L‘Irlande aussi s‘efforce d‘améliorer l‘évaluation des fonds
L‘Irlande se joint au Luxembourg pour inciter le secteur financier à améliorer ses processus d‘évaluation des actifs des fonds d‘investissement.
ESG burnout looms for SEC due to political backlash
Political pressure is mounting on the Securities and Exchange Commission (SEC) over its efforts on climate reporting and Environmental, Social, and Governance (ESG). With the recent delay in final regulations, the question arises: Is the SEC bowing to pressure from critics?
Marco Zwick on valuations: ‘We noted room for improvement’
Luxembourg’s financial markets authority CSSF has given fund management companies until the end of this year to review the way they determine the value of their investment funds. Investment Officer recently spoke to Marco Zwick, the CSSF director in charge of supervising investment funds. “We noted some room for improvement,” he said.
La BoE alerte sur les risques du crédit privé
La Banque d’Angleterre (BoE) a récemment mis en garde sur les risques que représentent le crédit privé et les prêts à effet de levier pour la stabilité financière, surtout dans un contexte de hausse des taux d’intérêt. La dette privée, où les structures luxembourgeoises jouent un rôle majeur à l’international, semble « particulièrement vulnérable », a souligné la BoE dans son dernier rapport sur la stabilité financière.
Luxembourg’s FIU tries to boost its financial investigation capacity
Luxembourg’s Financial Intelligence Unit is key to fulfilling Luxembourg’s international anti-money laundering/terrorist financing prevention obligations, reducing the perception that this country’s financial sector is somehow “above the rules”. Investment Officer recently had an opportunity to speak with FIU director Max Braun.
Esma warns on CLO ratings, sees conflict-of-interest risks
The European Securities and Markets Authority, Esma, on Thursday issued a warning about practices surrounding Collateralised Loan Obligations (CLOs) in the EU. The supervisory body has found potential conflicts of interest and undue influence in the CLO rating process during the 2017-2021 period.
The Big Three credit rating agencies - Fitch Ratings, Moody’s and S&P - are at the centre of this review.