The European Supervisory Authorities (ESAs) have issued a joint consultation paper on the Delegated Regulation of the Sustainable Finance Disclosure Regulation (SFDR). The 158-page report – co-written by the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) – contains a raft of proposed…
Asset managers on the continent that develop private asset products can expect to see “significant business” within the next five years, a report from Cerulli Associates has suggested. According to European Alternative Investments 2023: Helping Investors Diversify, while institutional investors remain the region’s major allocators to private assets, “a latent market” for high-net-worth and ultra-high-net-worth…
Asset manager DWS has restructured some of its senior management team, reports from Germany have indicated. As reported by the German site Fonds Online, Björn Jesch, the firm’s global head of investment, has seen his duties transferred to Vincenzo Vedda, head of active at the firm, with immediate effect. Fonds Online quoted a message it…
The implications of UBS’s takeover of Credit Suisse last month is continuing to roil the Swiss financial space, according to reports throughout the country’s media. UBS will look to shed between 25,000 and 36,000 roles within the company, with 11,000 of those being in Switzerland, Sonntags Zeitung has reported. The newspaper went on to note…
Analysis from the European Central Bank (ECB) has highlighted the importance of real estate investment funds (REIFs) in commercial real estate (CRE) markets across the continent. The piece, published here, said REIFs provided “a valuable channel of financing and investment in euro area CRE markets, reducing reliance on bank financing and thus diversifying the investor…
The European Sustainable Investment Forum (Eurosif) has said it will exclude from its next tally of the continent’s sustainable investing market those asset managers offering hard-to-define strategies around ESG. Speaking to Bloomberg earlier this week, Eurosif said it was revising its methodology, given the size of the market, which previous estimates from the forum have…
The fallout from Credit Suisse’s takeover by UBS is continuing to be felt across Europe. The move, which saw UBS step in to scoop up its former rival following months of speculation over Credit Suisse’s business affairs, has led to regulators in Europe saying they would look to write down the investments of shareholders as…
Broadridge has released the latest edition of its Fund Brand 50 report, which aims to highlight the “world’s best-performing third-party asset management brands”. The report, said the firm, measures and ranks asset managers’ relative brand attractiveness based on fund selector perceptions, taking into account 10 brand ‘attributes’ to reveal the top US and global brands.…
A slew of new projects from the European Bank for Reconstruction and Development (EBRD) have received the go-ahead from the InvestEU Investment Committee. Under the auspices of the various projects, investments totalling €1.1bn will be used to boost green and sustainable projects in the municipal, transport and energy sectors. According to the EBRD: “The InvestEU…
The ongoing volatility in the global banking sector has seen UBS take on Credit Suisse – a move likened around Europe to a ‘shotgun wedding’, with the role of the gun-toting parent being assumed by the Swiss government. Under the terms of the deal, the cumulative financial risk the general public is shouldering to save…
ESG policies around investing are causing unease for some institutions, a survey from Robeco has suggested. The Robeco Global Climate Survey 2023 highlighted a number of issues in the market that respondents say are causing tension. These include the energy crisis, which – while reinforcing net-zero convictions – has increased short-term exposures; and whether policies…
Mercedes has signalled its intentions to invest billions in Europe into new plants in Germany and Hungary. According to multiple news sources, the automotive giant has said it will build plants in Rastatt, Germany, and Kecskemet, Hungary. Jörg Burzer, the automaker’s production chief, reportedly told German publisher Automobilwoche the firm would begin building the Rastatt…
