Markets

Finance
“Everything is up. That can’t last,” were the opening remarks from ING on Tuesday in a press release that signalled early warnings of current economic uncertainty amid geopolitical flashpoints worldwide. Photo: Shutterstock
MARKETS

Gold price surge could signal economic uncertainty: ING

As gold prices reach $2,500, ING notes the influence of central banks on US Treasuries and warns of potential market volatility due to heavy eurozone bond issuance and uncertain European Central Bank rate easing.

Kangkan Halder • 28.08.2024
Luxembourg-based Reinet Investments made consolidated profits of €519m in its last financial year, which covered the 12 months to 31 March 2024. Its accounts were approved during the firm’s annual general meeting, 27 August 2024. Photo: Maison Moderne
MARKETS

Reinet Investments hits €6.2bn in assets

Émilio Naud • 28.08.2024
(l-r) Hadrien Bremon, counsel, Aurelie Clementz, partner, and Muriel Jarosz, associate at Ogier in Luxembourg, have summarised recent tax reforms in Luxembourg, including new laws and regulations, which are expected to have a significant impact on businesses. Photos: Ogier. Montage: Maison Moderne
FINANCE & LEGAL

Latest tax reforms in Luxembourg: what businesses need to know

Kangkan Halder • 26.08.2024
A €30,000 fine for noncompliance with obligations related to transparency requirements was imposed on Adler Group on 22 August 2024 and announced by the CSSF on 23 August. Archive photo: Romain Gamba
MARKETS

CSSF imposes administrative fine of €30,000 on Adler Group

Lydia Linna • 23.08.2024
“Today’s [Thursday’s] wage growth reading makes a September cut by 25bp even more likely,” said ING in a report published on 22 August. Photo: Guy Wolff / Maison Moderne
ECONOMY

Euro area wage growth slows to 3.6% in Q2, raising ECB rate cut odds

Kangkan Halder • 23.08.2024
“As we continue our journey to becoming a digital, data-enabled Financial Market Infrastructure, this issuance signifies another important step forward,” said Philippe Laurensy, managing director and head of product, strategy and innovation at Euroclear, in a press statement on Friday. Photo: Euroclear
MARKETS

Euroclear facilitates AIIB’s $300m digital bond issuance, listed on LuxSE

Kangkan Halder • 22.08.2024
Ahead of the January 2025 Dora deadline, the Luxembourg Financial Sector Supervisory Commission (CSSF) is surveying financial entities in Luxembourg to assess their compliance readiness. Archive photo: Romain Gamba/Maison Moderne
MARKETS

CSSF launches Dora readiness survey

Kangkan Halder • 20.08.2024
Carole Schmidt (left) is knowledge counsel, financial services regulatory at A&O Shearman; Baptiste Aubry (right) is partner, head of financial services regulatory. Photos: A&O Shearman. Montage: Maison Moderne
MARKETS

Scope, operational issues, screening: clarifications on the IPR

Lydia Linna • 19.08.2024
“A significant number of non-bank lenders indicated that staff are trained via ‘on-the-job training’ rather than a separate and dedicated induction, which may raise questions as to the extent to which staff can be considered to be adequately prepared to assess the creditworthiness of prospective borrowers,” said the European Banking Authority in a report published 7 August. Photo: European Banking Authority
MARKETS

Non-bank lenders’ poor credit checks fuel consumer debt risk: EBA

Kangkan Halder • 19.08.2024
The term “fiduciary” is based on the Latin word for “trust”. Photo: Shutterstock
MONEY

Jargon buster: fiduciary

Aaron Grunwald • 17.08.2024
Philipp von Restorff is CEO of the Institut luxembourgeois des administrateurs (ILA), which aims to support directors and governance professionals in the grand duchy. Archive photo: Matic Zorman/Maison Moderne/Archives
MARKETS

“Shareholder activists are here to stay”

Michaël Peiffer • 16.08.2024
A “bridge loan” is not usually used to actually buy a bridge. It is a type of short-term credit for homebuyers or companies facing a short-term cash crunch. Photo: Sam Goodgame/Unsplash
MONEY

Jargon buster: bridging loan

Aaron Grunwald • 16.08.2024
Anne-Sophie Morvan is chief commercial officer at Luxhub, an open banking fintech firm based in Luxembourg. Photo: D Gaul/Luxhub
MARKETS

EU commission clarifies verification of payee requirements

Lydia Linna • 15.08.2024
Alexandre Havard is a partner at Deloitte Luxembourg and chair of the digital economy and open finance working group at the Luxembourg Bankers’ Association (ABBL). Photo: Deloitte
MARKETS

Scope, sanctions screening, verification of payee: key IPR takeaways

Lydia Linna • 13.08.2024
Based in Luxembourg, Dorothée Ciolino is counsel at Norton Rose Fulbright and advises clients on banking and finance, commercial, corporate and IT law issues. Photo: Norton Rose Fulbright
MARKETS

EU commission clarifies type of payment accounts in scope of IPR

Lydia Linna • 12.08.2024
Former FTX CEO Sam Bankman-Fried is seen leaving a New York City courthouse, 3 January 2022. Photo: Shutterstock
JUSTICE

US judge agrees to $12.7bn FTX fraud compensation settlement

Aaron Grunwald • 09.08.2024
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