Finance

“Over half the global population lives in cities, generating 80% of total economic output and accounting for 70% of global CO2 emissions,” the World Bank points out in its press release. Hence, the gap fund, which focuses on cities. Pictured: Porto Alegre (Brazil), one beneficiary of the EIB fund. Photo: Shutterstock

Luxembourg pledges €8m to help cities fight climate change

Luxembourg and Germany will jointly contribute €50m to a European Investment Bank (EIB) fund dedicated to helping cities tackle the climate crisis. With its share of €8m, the grand duchy has now invested over €100m in EIB funds and is the third-biggest donor to the EIB.

Jeff Palms • 08:47

The 2022 annual report from Luxembourg’s financial regulator CSSF disclosed that a total of 380 whistleblowing reports had been received since September 2014. Archive photo: Romain Gamba / Maison Moderne

31% of whistleblowing tips to CSSF involve criminal offences

Kangkan Halder • 06:18

“Companies still have a lot to do in terms of acknowledgment of their negative contributions and accountability towards stakeholders,” concluded an Impak Analytics report on the role of Stoxx 600 companies in the United Nations’ sustainable development goals. Photo: Shutterstock

Only 89 of Stoxx 600 companies positively contribute to SDGs: Impak

Kangkan Halder • 05:53

Sinor Chhor, Nordea Investment Funds; Anouk Agnes, independent director. Seen during the Association of the Luxembourg Fund Industry’s Global Distribution Conference, 20 September 2023. Photo: Romain Gamba/Maison Moderne

Eltifs, regulation, fund platforms mulled over at Alfi fund distribution conference

Delano.lu • 20.09.2023

“With digital assets forecasted to grow in value to around $16trn over the next 15 years, now is the time to assess what is needed to propel advancement,” Jennifer Peve, managing director at DTCC, said in an industry paper. Photo: Shutterstock

FMI giants rally for collaborative solutions to digital asset challenges

Kangkan Halder • 20.09.2023

“The bigger premises represent our steep growth over a short period of time and give us room to further drive our expansion in the region,” Percy Golergant, the newly appointed executive director at Monex Europe, said of the firm’s bigger office space in the grand duchy. Photo: Monex Europe

Monex Europe expands with new Luxembourg office

Kangkan Halder • 20.09.2023

Delano interviewed Nicolas Moura at Pitchbook and Marc Diederich from the Luxembourg Football Federation to discuss the impact of private equity in the management of football clubs in Europe and the role played by Luxembourg on the pitch and in the board room. Photos: Pitchbook; Luxembourg Football Federation. Montage: Maison Moderne

Luxembourg: a football powerhouse?

Sylvain Barrette • 19.09.2023

The new EU regulation aiming to stop the devastating effects of deforestation was adopted on 16 May 2023, came into force on 29 June 2023 and will apply to stakeholders on 30 December 2024. Photo: Shutterstock

A new EU law with an extra-territorial reach

Sylvain Barrette • 19.09.2023

“The digital euro could spur further innovation and act as a potential springboard for pan-European solutions that could drive revenue growth for banks,” Burkhard Balz, an executive board member of Germany’s central bank, said in an email interview with Delano. Photo: Deutsche Bundesbank

Digital euro to foster innovation, financial sovereignty: top German official

Kangkan Halder • 19.09.2023

Silke Bernard (Linklaters) and Stefan Staedter (Arendt & Medernach) gave Delano their views on the revised Eltif 2.0 regulation this summer. Photos: Romain Gamba/Maison Moderne; Arendt. Montage: Maison Moderne

“There is appetite for Eltifs and we expect a significant growth”

Lydia Linna • 19.09.2023

1
Funds
State Street, PwC, JPMorgan, Arendt top fund service provider rankings in Luxembourg
2
Wealth Management
10 years later: it was not so bad after all
3
Funds
$1.5trn private credit market sees rise in customisation and retail participation
4
Institutions
Rotary Club raises €8k for animal-assisted therapy
5
Culture
Couch university: Barbie, The Marvelous Mrs. Maisel

Association des Banques et Banquiers Luxembourg (ABBL)

Bibliothèque nationale du Luxembourg (BnL)

Chambre des salariés (CSL)

In a strategic move to benefit from Ireland’s lower withholding tax rate, Amundi is set to shift two more Luxembourg-based ETFs to its Irish collective management vehicle. Photo: Shutterstock

Amundi shifts €6.7bn of Luxembourg ETFs to Irish domicile

Kangkan Halder • 19.09.2023

The European Central Bank has revised its inflation and unemployment forecasts downwards, along with real GDP and trade growth figures. Photo: European Central Bank

Revised ECB economic projections show growth slowing sharply

Kangkan Halder • 19.09.2023

As of August 2023, the year-to-date net inflows of $96.05bn make it the second-highest grossing year for the industry, following the $138.94bn amassed in 2021. Photo: Shutterstock

European ETFs market thrives in August with $8.95bn net flows

Kangkan Halder • 19.09.2023

Talan and the future of Private Equity Photo: Talan

BRAND VOICE - PRIVATE EQUITY

Talan and the future of Private Equity

Talan • 19.09.2023

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Marco Zwick, the CSSF director in charge of undertakings for collective investment (UCIs) and specialised professionals of the financial sector (PFS), was first named director at the financial regulator Commission de Surveillance du Secteur Financier in September 2018. Pictured is Zwick speaking at a conference in 2018. Archive photo: Marion Dessard

Marco Zwick’s mandate as CSSF director renewed

Lydia Linna • 18.09.2023