Raymond Frenken

Raymond Frenken

Global art market vulnerable to money laundering, FATF warns
News
February 28, 2023

FATF: art market needs to improve AML-CFT

The world’s top body to fight money laundering and financial crime on Monday warned that the…
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Hortense Bioy, global head of sustainability research at Morningstar
Asset Managers
February 27, 2023

‘Great Reclassification’ among ESG funds not yet over

Even after 40 percent of the EU’s most sustainable fund assets was downgraded during the fourth…
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Greenwashing: Alfi opposes Esma approach to fund names
February 24, 2023

Industry pushes back on Esma plan for ESG fund names

Luxembourg’s fund and asset management association Alfi has told Europe’s financial markets…
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French supervisor AMF pushes for major SFDR reform
Laws and Regulations
February 20, 2023

French supervisor AMF pushes for major SFDR reform

French financial supervisor AMF is calling for a major reform of the EU’s SFDR rules for sustainable…
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In Flux: Where there’s smoke…
Opinion
February 17, 2023

In Flux: Eltifs will be tough nut to crack

This week’s adoption of the updated EU regulation for long-term investment funds, known as Eltifs…
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Quintet's head office in the centre of Luxembourg town. Photo: IO.
Private Banks
February 16, 2023

Quintet plans to cut 165 jobs this year, 9% of workforce

Luxembourg-based private bank Quintet this year plans to eliminate 165 jobs, or 9 percent of its 2…
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European parliament adopts Eltif upgrade with 70% majority
Laws and Regulations
February 15, 2023

European parliament adopts Eltif upgrade

The European Parliament in Strasbourg on Wednesday (15 February) adopted the eagerly anticipated…
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EU Parliament will vote on new Eltif regime Tuesday
Laws and Regulations
February 10, 2023

Luxembourg discusses new Eltif tax regime as Strasbourg votes

As the European Parliament, during this month’s plenary session in Strasbourg, debated the proposed…
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Luxembourg initiative plans expert groups on Ukraine recovery
Events
February 9, 2023

Luxembourg to discuss expert groups on Ukraine recovery

As an international financial hub, Luxembourg is seen as well positioned to play a key role in talks…
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Financial services CEOs question Luxembourg’s long-term viability
February 9, 2023

CEOs question Luxembourg’s future viability

Chief executives of Luxembourg firms are more worried about the long-term prospects for their…
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Mairead McGuinness, European Commissioner for financial services. Photo: European Parliament.
Laws and Regulations
February 7, 2023

‘Divisive’ EU retail investor strategy set to ban kickbacks

The European Commission plans to stick to its plan to stop inducements for financial advisors, a…
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Asset Managers
February 3, 2023

Robeco exits Dutch retail market with sale to Evi

A major shift in the Dutch retail investor market. Netherlands’ largest fund house Robeco decides to…
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Intesa Sanpaolo resets its Luxembourg business with CBP Quilvest 
Private Banks
February 2, 2023

CBP Quilvest buy helps Intesa Sanpaolo reset in Luxembourg

Intesa Sanpaolo Wealth Management has been created as a new Luxembourg private banking hub following…
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ESMA's headquarters are in Paris. Photo: ESMA.
Asset Managers
January 27, 2023

‘ESG reporting requires clear, consistent EU framework’

The EU’s top financial markets authority on Thursday invited the European Commission to clarify new…
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