Tag: Banking

General Members News

Moventum: Unconvincing deal between Credit Suisse and UBS

Luxembourg, 20 March 2023 – The buyout of failing Credit Suisse by competitor UBS is unconvincing and will not soothe markets for the time being. This is what Moventum’s Managing Director and Head of Asset Management Carsten Gerlinger anticipates. “In effect, a façade is being puttied with a lot of political central bank money, but it is the engine room at Credit Suisse that is burning”, says Gerlinger. “Hence, a new Swiss problem bank could emerge from combining a strong bank and a weak one.”

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General Members News

HSBC is announcing HSBC Orion

News Release November 4 2022 Announcing HSBC Orion A new tokenization platform to support and accelerate the growth of digital assets (London) – HSBC today announced that it will launch HSBC Orion – its new proprietary tokenisation platform that financial institutions and corporates will be able to use to issue digital bonds based on distributed ledger

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General Members News

Elvinger Hoss Newsflash: New CSSF FAQ on CBDF – Guidance on Marketing Communications

New CSSF FAQ on CBDF – Guidance on Marketing Communications  On 20 September 2022, the CSSF published a new CSSF FAQ on CBDF Marketing Communications (“CSSF FAQ”), the objective of which is to provide additional guidance to Luxembourg investment fund managers (“IFMs”) on certain key aspects of the marketing communication (“MC”) requirements under Article 4

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General Members News

Elvinger Hoss Newsflash: Sustainable Finance update (asset management): CSSF communication on SFDR RTS confirmation letter

Sustainable Finance update (asset management): CSSF communication on SFDR RTS confirmation letter Further to our newsflash of 29 July 2022 in connection with the CSSF’s communication of 27 July 2022 in relation to SFDR and the upcoming entry into force of the SFDR RTS on 1 January 2023, the CSSF issued a further communication on

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General Members News

Elvinger Hoss Newsflash: CSSF Circular 22/811 on UCI Administrators

CSSF Circular 22/811 on UCI Administrators   On 16 May 2022, the CSSF issued Circular 22/811 concerning the authorisation and organisation of entities acting as UCI administrators (“Circular”), which rewrites and repeals Chapter D of IML Circular 91/75 setting out the rules concerning the central administration of Luxembourg undertakings for collective investment (“UCIs”). As announced

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