Finance

The before-tax result of Luxembourg’s banking sector amounts to €6.205bn for the year 2022, according to the CSSF (Commission de Surveillance du Secteur Financier), the grand duchy’s financial regulator. Photo: Romain Gamba / Maison Moderne
BANKS

Earnings of banking sector before taxes, provisions up to €6.205bn

The CSSF, Luxembourg’s financial regulator, announced on 24 March key figures in the banking sector for 2022--interest margins, net banking income, and earnings before provisions and taxes have all increased.

Lydia Linna • 24.03.2023
According to finance minister Yuriko Backes, because the financial world is still adapting to a regulatory framework that is still in flux, the reduced rate introduced in 2021 is still struggling to become more widespread. Photos: Romain Gamba, Shutterstock/Montage: Maison Moderne
FUNDS

Reduced rate for funds struggles to catch up

Maëlle Hamma • 24.03.2023
Jürgen Bösken,  Head of Strategic Development Manager and  Oliver Benner,  Head of Strategic Development at  BIL Asset Services.  Marie Russilo Maison Moderne 
BRAND VOICE - MARKETS

Bespoke and personalised asset servicing

BIL ASSET SERVICES • 24.03.2023
Silicon Valley Bank, a US-based bank focused on the venture capital and startup sectors, collapsed on 10 March 2023. (Photo: Shutterstock)
BANKS

Rethink regulatory structure and ask difficult questions after SVB, say economists

Lydia Linna • 24.03.2023
The Aca has renewed its board of directors. Christian Strasser takes over as Aca president. Photo: Matic Zorman/Maison Moderne/archives
INSURANCE

Christian Strasser takes over Aca presidency

Mathilde Obert • 24.03.2023
François Tesch will soon step down as chairman of the board of directors of Luxempart due to the age limit. He will be replaced by François Gillet. Photo: Guy Wolff/Maison Moderne/Archives
PRIVATE EQUITY

Luxempart’s net asset valuation up, François Tesch to depart

Thierry Labro • 24.03.2023
Laurent Hengesch (pictured) founded Ilavska Vuillermoz Capital together with Alain Wildanger in 2019. Photo: Eric Devillet
FUNDS

Meet the VC: Ilavska Vuillermoz Capital

Jeff Palms • 24.03.2023
Geoffroy Marcassoli is audit partner and ESG audit leader at PwC Luxembourg. Photo: PwC Luxembourg
FUNDS

Most mancos planning to upgrade funds from article 6 to 8, finds PwC analysis

Lydia Linna • 24.03.2023
Stephanie Schmidt; Mathias Pagh, Sparinvest; and Alexandra Siebmanns, Sparinvest. Photo: Matic Zorman / Maison Moderne
FUNDS

Day 2 of European Asset Management Conference 2023

Delano.lu • 24.03.2023
Delano’s Spring 2023, with a special focus on alternative investments, is available on newsstands starting 24 March 2023.  Cover: Serge Ricco (art direction)/Maison Moderne
FUNDS

Alternative investments: Luxembourg’s new growth engine

Delano.lu • 23.03.2023
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    In Pictures

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    Credit Suisse and UBS subsidiaries had about 500 employees each in Luxembourg as of 1 January 2022. Photo: Matic Zorman/Maison Moderne
    BANKS

    Collective agreement to protect Credit Suisse employees for 2 years

    Kangkan Halder • 23.03.2023
    Marco Zwick, director at the Luxembourg Financial Sector Supervisory Commission (CSSF), was interviewed by Maria Löwenbrück, managing director of Union Investment Luxembourg, during an Association of the Luxembourg Fund Industry conference, 22 March 2023. Photo: Association of the Luxembourg Fund Industry
    FUNDS

    Liquidity management “remains very high on the agenda,” says CSSF’s Zwick

    Lydia Linna • 23.03.2023
    Chris Allen has been group CEO of Quintet Private Bank since 1 July 2022. The bank announced a net profit for the 2022 financial year, reversing several years of losses, on 23 March 2023. Photo: Matic Zorman / Maison Moderne
    BANKS

    Quintet returns to profit

    Marc Fassone • 23.03.2023
    Christophe Vandendorpe, Partner, Strategy and Transactions Leader and John Tan, Senior Manager, Strategy and Transactions EY Luxembourg
    BRAND VOICE - FUNDS

    Looking to voluntarily liquidate your investment fund

    EY Luxembourg • 23.03.2023
    Luxembourg entities of Crestbridge can now act as depositary for fund managers looking for cross-border distribution into the EEA markets for Ucits and AIF funds. Library photo: Romain Gamba/Maison Moderne
    PRIVATE EQUITY

    CSSF approves Crestbridge depository services licence

    Kangkan Halder • 22.03.2023
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