Analysis of over 16,500 investment funds worth USD $27 trillion has revealed that under 0.5% of the assets are currently aligned with the Paris agreement’s temperature target of ‘well-below 2°C’.
On October 20th, Bitcoin reached a new milestone, surpassing $66,000, its highest level since its creation in 2009, after months of fluctuations. A further step towards its democratisation.
A turnover of 490 million and revenues of 432.3 million, up 5.8%, PwC did better than expected for the fiscal year 2021, spanning from July 2020 to June 2021.
In the presence of EU Commissioner in charge of Budget and Administration Johannes Hahn and Prime Minister of Luxembourg Xavier Bettel, the Luxembourg Stock Exchange (LuxSE) marked the listing of the European Commission’s inaugural green bond on October 19. The EUR 12 billion bond is the world’s largest green bond issued to date. The green bond is governed by Luxembourg law and displayed on the Luxembourg Green Exchange (LGX), the award-winning platform for sustainable securities.
On October 19, ProShares, a premiere provider of ETFs, launched the first bitcoin-linked ETF in the United States (BITO). BITO’s launch will mark a milestone for ETFs.
The Swiss Financial Market Supervisory Authority FINMA has approved the first crypto fund according to Swiss law. The fund, which is restricted to qualified investors, invests primarily in so-called cryptoassets.
On October 13, Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, announced the close of the acquisition of ARM Swiss Representatives SA (“ASR”), following regulatory approval from FINMA.
The transition to a net-zero emission economy will require significant private and public investment, but the EU is not doing enough to channel money into sustainable activities. That is the conclusion of a special report by the European Court of Auditors (ECA) that calls for more consistent EU action.
Private Markets ESG AuM to skyrocket - exceeding EUR 1.2tn by end-2025 to account for 42.4% of the total European Private Market assets.
The Luxembourg Stock Exchange (LuxSE) and the Commission de Surveillance du Secteur Financier (CSSF) joined forces today to highlight the importance of investor education and protection, as part of the International Organization of Securities Commissions (IOSCO)’s 5th World Investor Week.