Blog

d'Lëtzebuerger Land du 05.04.2019 : Devoir de vigilance

Fri, 26/04/2019, 13:15 Il y a plus de quatre ans, la Commission européenne sous la houlette du Britannique Lord Hill avait promis de créer une « Union des marchés des capitaux » en Europe. Mais seulement voilà, comment faire lorsque la plus grande place financière européenne (et le commissaire en charge) vous déclare soudainement vouloir quitter le navire ? Aussi, l’équipe Juncker a changé... [Read more]

Tageblatt 26 March 2019: Greta, Oma und der Autokrat: Luxemburgs lascher Umgang mit Finanzethik

Wed, 27/03/2019, 09:54      Greta Thunbergs Generation will guten Gewissens Geld verdienen. Ältere Semester sind in Luxemburg weniger zimperlich: Sie profitieren laut einer neuen Vereinigung oft unbewusst vom Business autokratischer Regimes und von Ausbeutung. Der Wind bläst in Richtung menschenrechtskonforme und umweltfreundliche Wirtschaft. Die junge Schwedin Greta Thunberg hat dem Klimaschutzakt... [Read more]

Human Rights & Finance : What clients want, regulators expect, and investors should consider

Fri, 22/03/2019, 17:52 Paper written with Markus Loening  Over the past few years, and following the adoption of the Paris climate agreement and the UN Sustainable Development Goals, sustainable (responsible or ESG) finance considerations have increasingly been in the spotlight. “Although there is no definitive list of which issues or factors are covered by the terms "ESG", they are, according to the United Na... [Read more]

L'héritage de Simone Delcourt

Mon, 27/08/2018, 07:57 La semaine dernière, en plein mois d’août, la CSSF a publié une nouvelle circulaire de 100 pages sur les gestionnaires de fonds d’investissement luxembourgeois. Le timing de la publication de la nouvelle circulaire CSSF sur les gestionnaires de fonds peut surprendre (et a surpris), si ce n’est que Simone Delcourt, membre du comité de direction de la CSSF en charge du secteur des fond... [Read more]

AM not on Brexit radar, but moving forward

Thu, 14/06/2018, 08:54 As the Brexit ping-pong continues and the exit deadline approaches, we still have no concrete idea of what UK/EU relations will be like afterwards. One thing is for certain though, passporting rights will be a thing of the past and, thus far, the proposed Third-Party Equivalence has failed to generate any significant interest. Tired of waiting on the UK government to get things done, companies... [Read more]

Funds unlikely to rely on equivalence post Brexit – expert

Mon, 21/05/2018, 16:02 Fund managers would not trust equivalence as a reliable post-Brexit framework as the solution favoured by the European Union creates uncertainty, according to lawyer and buy-side regulation expert Charles Muller.  “The problem with equivalence is the day European legislation changes, they will say ‘now the UK legislation is not equivalent anymore, the passport is gone’ or, alternative... [Read more]

Charles Muller revient à ses premières amours

Mon, 14/05/2018, 07:30 Figure de la Place, Charles Muller a choisi de revenir vers son premier métier, celui d’avocat, tout en poursuivant une collaboration en tant que conseiller pour KPMG. Spécialiste des fonds d’investissement et très actif sur le sujet du Brexit, Charles Muller a choisi de renouer avec ses occupations professionnelles originelles. Depuis le 1er mars dernier, il est redevenu avocat à la ... [Read more]

European fund industry: “The Brexit excuse”

Tue, 08/05/2018, 09:03 It is clear that the British exit is changing the shape of the European fund industry and that the strategy of the EU27 needs to be adapted accordingly. However, I feel that some big countries are using Brexit as an excuse to try to reorganise their market shares in the EU. In the 30 years since the implementation of the Ucits, the success of the ‘small’ domiciles – Luxembourg and Irelan... [Read more]

Alfi conference preview: Charles Muller on Brexit

Fri, 02/03/2018, 08:59 The Association of the Luxembourg Fund Industry holds its European Asset Management Conference on 6-7 March. In advance of the event, Delano spoke with Charles Muller, partner at KPMG Luxembourg. He chairs the morning of the first day of the event. Aaron Grunwald: What do you want the audience to get most from day 1 of the conference? Charles Muller: The morning session that I am chairing is ... [Read more]