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September 14, 2023

Lagarde’s ‘heavy words’ hint at long plateau for rates

The European Central Bank is most likely done hiking interest rates, analysts said following the decision in Frankfurt to raise its three benchmark eurozone interest rates by 25 basis points. Euro bond markets rallied while the euro fell against the …
September 14, 2023
Asset Managers

Faster, smarter, greener: AI can rebuild ETFs from scratch

Artificial intelligence could change the way ETFs are assembled. Why would an investor opt for traditional index trackers when they can be customized? Newcomers see opportunities, but the establishment remains skeptical. What trends are emerging within a …
September 14, 2023
Sector

Gender parity in fund management hits a wall

In a significant blow to the push for gender equality within the asset management sector, Citywire's Alpha Female Report for 2023 shows almost no progress in the representation of female fund managers over the past year.  The percentage of female managers …
September 13, 2023

Europe braces for high-stake interest rate showdown

The upcoming meeting of the European Central Bank (ECB) promises to be one of the most consequential in recent times, underlining the difficult trade-offs the institution must consider amidst an environment of high inflation and stalling economic growth. …
September 13, 2023
Transfers

Arendt’s Pierre Wauthier returns to PwC Luxembourg

PwC Luxembourg is enhancing its real estate capabilities with the addition of new partner Pierre Wauthier, a veteran with over two decades of experience in Luxembourg's real estate and deal markets. Wauthier joins the firm after three years at law firm …
September 13, 2023
Supervision

Swiss financial supervisor chief quits amid bank turmoil

Urban Angehrn, CEO of the Swiss Financial Market Supervisory Authority (Finma), is stepping down at the end of September, citing health issues linked to job-related stress. Deputy Director Birgit Rutishauser will become the interim director starting Oct. …
September 13, 2023

Is climate change really a financial risk?

In May 2022, Stuart Kirk, head of responsible investment at HSBC, assured investors that they need not worry about climate risk. "Climate change is a not a financial risk we need to worry about," he argued. He also expressed his dissatisfaction with the …
September 13, 2023
Laws and Regulations

Efama slams EU cyber standards as disproportional

European fund and asset management association Efama has raised significant concerns over the proposed regulatory technical standards and implementing technical standards for the Digital Operational Resilience Act, the cybersecurity plan known as Dora, …
September 12, 2023
Sector,Technology

Esma’s Ross wants action on digitalisation, greenwashing

Verena Ross, the chair of the European Securities and Markets Authority, Esma, has laid out a robust European framework for improving financial markets, boosting trust and transparency. But in a speech in Germany on Monday, she also identified the …
September 12, 2023

UK-Luxembourg tax treaty to streamline investments

Luxembourg-based investment funds looking to invest in the UK have good news: a new Luxembourg-UK double tax treaty will take effect in 2024. The treaty grants Luxembourg corporate collective investment vehicles access to treaty benefits, either as a …