Our team recently met Olusegun Adeniyi, Chief Digital Officer for Wema Bank Plc., the pioneer of Africa’s first fully digital bank, ALAT, in Nigeria, the most populous African country. Olusegun Adeniyi is active and passionate about developing the Tech ecosystem within Africa. He talks with us about financial inclusion and the future of financial services.
Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the pandemic emergency purchase programme (PEPP) than in the previous two quarters.
La Banque de Luxembourg est la première banque luxembourgeoise à déployer les solutions LuxTrust en Belgique et à permettre l’utilisation de l’application sécurisée d’identité numérique itsme® pour ses clients résidents belges.
In its latest study on the activity of European banks in tax havens, the independent research laboratory established a list of 17 jurisdictions considered as tax havens. Luxembourg thus finds itself alongside Bahamas, Bermuda, the British Virgin Islands, Cayman Islands, Guernsey, Gibraltar, Hong Kong, Ireland, Isle of Man, Jersey, Kuwait, Macao, Malta, Mauritius, Panama and Qatar.
On September 1st, the European Securities and Markets Authority (ESMA) published its second Trends, Risks and Vulnerabilities (TRV) Report of 2021. The Report highlights the continued rise in valuations across asset classes in an environment of economic recovery and low interest rates, the increased risk taking of investors and the materialisation of event risks such as GameStop, Archegos and Greensill.
Spuerkeess a obtenu le prix de «Financial Leader in Sustaining Communities in Western Europe 2021». Ce tout nouveau titre récompense les banques les plus engagées en matière de finance durable, tant au niveau mondial que régional.
As of June 30, 2021, according to the Banque centrale du Luxembourg (BCL), credit institutions in the Grand Duchy employed 26,293 people in the country, a figure up slightly over one quarter and over one year.
On August 18th, the European Banking Authority (EBA) has published its payroll statement in European banks.
On July 30, the European Banking Authority (EBA) published the results of its 2021 EU-wide stress test, which involved 50 banks from 15 EU and EEA countries, covering 70% of the EU banking sector assets. This exercise allows to assess, in a consistent way, the resilience of EU banks over a three-year horizon under both a baseline and an adverse scenario, which is characterised by severe shocks taking into account the impact of the pandemic.
In recent years, many neobanks, i.e. 100% digital banks, have emerged. Among them, some are aimed at a very specific clientele: teenagers (12-18 yo). Here is an overview of this niche market that supports financial education for young people.