European banks more profitable than ever
The European banking sector has witnessed a remarkable resurgence, chalking up its best performance since the 2007 financial crisis, according to a recent Deutsche Bank research report. Notably, European banks have narrowed the long-standing performance gap with their US peers.
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.
‘Luxembourg finance sector supports fossil fuel funding’
Key players in the Luxembourg financial industry’s effort to prioritise green goals are simultaneously ensuring that oil & gas companies can continue to warm the planet, in some cases until late this century, according to a news investigation by the Luxembourger Wort daily.
In my burnout experience, no fault lay with my employer
Urban Angehrn, the former chief executive of the Swiss financial regulator, FINMA, recently stepped down, citing the toll on his health from «permanent stress levels,» months after orchestrating the rescue of Credit Suisse by UBS. However, it is not only people in high-profile jobs who experience burnout.
A few years ago, a younger version of myself also experienced burnout.
Confusion over ‘retail’ casts cloud over Eltif’s prospects
Panel discussions at Alfi’s Global Distribution Conference on Wednesday exposed differing viewpoints on the definition of a retail investor, casting a shadow over prospects for success for the next generation of European Long-Term Investment Funds, or Eltifs.
FX specialist Monex aspires bigger presence in PE and funds
Monex Europe S.A., a commercial foreign exchange specialist, has relocated to a larger office in downtown Luxembourg to accommodate its growth and future expansion plans and ambitions to expand its services in private equity and investment funds.
"Le paradigme TINA est derrière nous"
Nous sommes légèrement sous-pondérés en ce qui concerne les actions et les écarts de crédit. C’est pourquoi nous optons pour les obligations d’État aux États-Unis et en Europe, les rendements sont suffisamment attrayants pour ne pas avoir à prendre de risque supplémentaire», a déclaré Dimitri Christiaens, responsable des investissements et des solutions clients pour la Belgique chez Puilaetco.
« Le partenariat avec BlackRock change la donne »
« Nous sommes en train de concrétiser ce partenariat. De plus, nous continuons à conclure des collaborations et des partenariats, ce qui nous permet de développer l’offre la plus large possible », déclare Ludivine Pilate, CEO de Puilaetco.
Quintet, la société mère de Puilaetco, a annoncé cet été la signature d’un protocole d’accord avec le groupe américain BlackRock, premier gestionnaire d’actifs au monde. La nouvelle de ce partenariat a donc suscité un vif intérêt dans le secteur.
Brussels mulls overhaul of SFDR classifications, report says
The European Commission is considering a revamp of the way sustainable investment products are classified and is about to launch a three-month consultation soon. The current system, governed by the Sustainable Finance Disclosure Regulation (SFDR), categorizes these products under Article 8 and Article 9, but this could be subject to change.
Gender parity in fund management hits a wall
Dans un coup dur pour la promotion de l’égalité des sexes au sein du secteur de la gestion d’actifs, le rapport Alpha Female de Citywire pour 2023 montre quasiment aucune progression dans la représentation des femmes gestionnaires de fonds au cours de la dernière année.