Biodiversity credit markets needed to finance $824 bln gap
Current efforts to address global biodiversity loss are inadequate and face a financing gap of between 598 billion and 824 billion dollars per year, a new study has concluded. To address this gap, governments and businesses need to support the introduction of ‘biodiversity credit markets’, to be modelled in a manner similar to the carbon credit markets that already exist.
Luxembourg’s financial sector set for wider adoption of AI
Although usage of artificial intelligence in the Luxembourg financial sector is currently fairly limited and still at an early stage, the grand duchy is set for wider adoption of artificial intelligence in the near future, according to a survey carried out by BCL, the central bank, and financial supervisor CSSF.
CSSF adopts flexible deadline for SFDR data collection
Luxembourg financial supervisor CSSF on Thursday announced a more flexible deadline for filing reports on marketing materials in relation to the EU’s Sustainable Finance Disclosure Regulation, or SFDR.
ECB seen hiking 25 bp as policy impact becomes clear
A fresh flash estimate for inflation in the 20 eurozone countries and the latest ECB bank lending data shows that higher interest rates are slowing down economic growth in Europe, fuelling expectations among fixed income analysts and economists of a smaller rate increase of 25 basis points - following six consecutive hikes of 50 basis points - when the ECB›s monetary policy decides is next step on Thursday.
Chez Delen Private Bank, le banquier cède de plus en plus de place à l'informaticien.
Un quart des collaborateurs de la Banque privée Delen sont des professionnels de l’informatique. Outre la passion pour la technologie qui coule dans le sang de la famille Delen, la réglementation a accru l’importance de l’informatique. Tout comme le plus grand défi actuel pour Alexandre Delen, membre du conseil d’administration : la cybercriminalité.
Luxembourg banks brace for economic downturn
Grand Duchy banks are taking action to prepare for an economic downturn, according to bank sector association ABBL.
At its annual general meeting on Thursday, the organisation noted that rising interest rates and geopolitical uncertainty have caused households and companies to become reluctant investors. Banks began setting aside more provisions last year in order to cover increased risk of credit defaults - a move already reflected in 2022 figures with an increase of over 400%.
IO Weekly : Les banques belges à l'épreuve de la biodiversité
Les banques belges, comme celles des Pays-Bas, peinent à appliquer la biodiversité dans les fonds.
Luxembourg aspires leadership in Europe’s crypto markets
Luxembourg is leading the way in Europe when it comes to crypto and blockchain technology. With MiCA, a new set of regulations from the European Parliament, Luxembourg’s early bet on cryptocurrency has been validated! We with Nasir Zubairi, CEO of The LHoFT - Luxembourg House of Financial Technology who sees this as an opportunity for cryptocurrencies and crypto assets to enter mainstream markets within EU countries, and heard from banking assocation ABBL.
European issuers account for 17% of all credit ratings
The 30 countries in the European economic area account for less than one out of every five credit ratings issued by credit rating agencies across the world, according to a new report published on Tuesday by the European Securities and Markets Authority, Esma.
« Nous utilisons une approche très personnalisée de la banque privée »
« En tant qu’acteur de niche, nous nous distinguons par des services poussés et une architecture totalement ouverte. Tout commence par une écoute attentive du client », déclare Xavier Rubbens, directeur chez Intesa Sanpaolo Wealth Management Belgique.