François Villeroy de Galhau

Download our latest report: Hybrid Funds in 2024 Hybrid funds are an innovative development in the cross-border funds industry that are intended to allow a wider range of investors to access private markets. As traditional fund managers continue to build their private-markets businesses, it is anticipated that more and more hybrid funds will come to market. Hybrid funds have an important role to play not only in allowing a wider range of investors to access private markets, but also in providing finance to ‘grassroots’ companies in the EU and UK and, therefore, boosting economies. But do fund managers consider these structures too complex? How do firms feel about the risk of misaligning liquidity risks? Will investors expect a deeper level of transparency than private capital has traditionally offered and can fund managers provide it? How do they view the challenge of valuing these funds? And is there a role for hybrid funds in ESG portfolios?   In this survey Funds Europe, in partnership with fund administrator CACEIS, seeks to identify how successful these funds will be at financing the UK and European economies by gaining insight into the appetite among fund managers for creating and distributing hybrid funds.

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In news highlighting the rising importance of digital asset servicing and the increasing adoption of tokenisation across Europe, CACEIS has launched a dedicated Digital Assets business line. 📈 This move reflects a broader trend, with more entities actively joining and expanding the digital asset ecosystem.    For further details ▶ https://lnkd.in/eyu2SxTa    #tokenisation #assetservicing #digitaltransformation #assetmanagement #funddistribution #DLT #blockchain #FundsDLT

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𝗪𝗲'𝘃𝗲 𝗮𝗰𝗵𝗶𝗲𝘃𝗲𝗱 𝗿𝗲𝗰𝗼𝗿𝗱 𝗿𝗮𝗻𝗸𝗶𝗻𝗴𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗟𝘂𝘅𝗲𝗺𝗯𝗼𝘂𝗿𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝘂𝗿𝘃𝗲𝘆𝘀. The annual survey report published by independent fund industry research company, Monterey Insight, revealed that CACEIS now ranks among the Top-3 asset servicing groups in Luxembourg. 👏 Our ceaseless pursuit of a growth strategy has seen CACEIS become one of the top providers across the following key areas of expertise: - Transfer Agency - Fund Administration - Custody and Depositary We are also a leading service provider for private market funds across the same categories, achieving the following rankings: - No. 1 Private Market Fund Custodian/Depositary 🥇 - No. 3 Private Market Fund Administrator 🥉 - No. 3 Private Market Fund Transfer Agent 🥉 Clearly, our company strategy is paying off and we are on the right track to achieve our objective of becoming the European leader in asset servicing by 2030. #AssetServicing #FundManagement #PrivateAssets

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First roundtable of the conference about security of payments organized today in Banque de France headquarters in Paris with Clément Bourgeois, Angela Dupont Florent Grosmaitre Guillaume Dabosville and Olivier Lantran. ✔️IT evolutions linked with quantum and crypto will impact all the organizations... ✔️... Hence the necessity to create more robust and secure solutions in finance and payments #payments #innovation #security PARTELYA CONSULTING European Women Payments Network (EWPN) AEFI Asociación Española de FinTech e InsurTech AFIP - FinTech and InsurTech Portugal CLUB ITALIE-FRANCE AFTE Finance Mag The PAYTECH Book Portuguese Women in Tech Merchant Payments Ecosystem

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🇱🇺 European households hold €10,000bn in uninvested savings. Creating an EU-wide #investment framework is essential to engage retail investors, writes Serge Weyland from ALFI - Association of the Luxembourg Fund Industry in this guest contribution. Enhancing financial literacy, fostering efficient & transparent second- and third-pillar retirement savings, and leveraging #technology are crucial for boosting trust and participation in investments. #Luxembourg https://lnkd.in/ezqQv7Wn

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💸 Every year, development banks finance hundreds of projects aimed at improving the sustainability and well-being in the countries in which they operate. But all too often they end up violating human rights instead. ❌ 🔎 As the EBRD updates its safeguards and the European Investment Bank (EIB) reviews its complaints mechanism, Nina LESIKHINA, Anna Roggenbuck and Eléonore Morel emphasise the need for both banks to prioritise transparency, rigorous risk assessments, meaningful public participation, human rights protection, and improved means of redress. 🗞 Read more in our opinion piece for Les Echos (in French): https://lnkd.in/eSNgHG8x #EBRD #StandUpForHumanRights

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⬆️𝗪𝗶𝘁𝗵 𝗸𝗲𝘆 𝗡𝗼𝗿𝗱𝗶𝗰 𝗰𝗹𝗶𝗲𝗻𝘁𝘀, a professional team of sales, relationship management and operational staff who know the clients and understand the region’s business culture, we are well-positioned to succeed in the Nordic markets. As a leading asset servicing group with a world-wide network of entities, CACEIS has been actively supporting clients in the Nordics for many years. However, with the recent acquisition of RBC’s asset servicing activities in Europe, we are keen to further develop CACEIS’ presence in the region. “𝙏𝙤𝙙𝙖𝙮, 𝙖𝙨 𝙥𝙖𝙧𝙩 𝙤𝙛 𝙖 𝙛𝙤𝙧𝙬𝙖𝙧𝙙-𝙡𝙤𝙤𝙠𝙞𝙣𝙜 𝙜𝙡𝙤𝙗𝙖𝙡 𝙖𝙨𝙨𝙚𝙩 𝙨𝙚𝙧𝙫𝙞𝙘𝙞𝙣𝙜 𝙜𝙧𝙤𝙪𝙥 𝙡𝙞𝙠𝙚 𝘾𝘼𝘾𝙀𝙄𝙎, 𝙗𝙖𝙘𝙠𝙚𝙙 𝙗𝙮 𝘾𝙧𝙚𝙙𝙞𝙩 𝘼𝙜𝙧𝙞𝙘𝙤𝙡𝙚 𝙖𝙣𝙙 𝙎𝙖𝙣𝙩𝙖𝙣𝙙𝙚𝙧, 𝙘𝙡𝙞𝙚𝙣𝙩𝙨 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙣𝙜 𝙤𝙪𝙩 𝙤𝙛 𝙩𝙝𝙚 𝙉𝙤𝙧𝙙𝙞𝙘𝙨 𝙝𝙖𝙫𝙚 𝙜𝙖𝙞𝙣𝙚𝙙 𝙖 𝙢𝙖𝙟𝙤𝙧 𝙪𝙥𝙜𝙧𝙖𝙙𝙚 𝙞𝙣 𝙩𝙝𝙚 𝙫𝙖𝙡𝙪𝙚 𝙥𝙧𝙤𝙥𝙤𝙨𝙞𝙩𝙞𝙤𝙣 𝙩𝙝𝙖𝙩 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙠𝙚𝙮 𝙞𝙣 𝙚𝙣𝙖𝙗𝙡𝙞𝙣𝙜 𝙩𝙝𝙚𝙢 𝙩𝙤 𝙧𝙚𝙖𝙘𝙝 𝙩𝙝𝙚𝙞𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙤𝙗𝙟𝙚𝙘𝙩𝙞𝙫𝙚𝙨.” Jeremy Albrecht, Global Head of Coverage, Continental Europe (excluding France). Find out more here on a specialised team focused on developing CACEIS business in the Nordics: https://lnkd.in/eb_6AgGx #AssetServicing #AssetManagement

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Looking forward to this. Possible topics are AI and commodities (and the impact of climate change on commodities), things that Philippe Gijsels and me dove into during our talk with the world renowned podcast of Top Traders Unplugged. If you want to get already into the mood, listen via this link https://lnkd.in/evftDket Of course we can choose other topics as well like ageing, multi globalization and, a less sexy but very acute topic, the huge debt pile of countries (that is largely ignored by government, to their own peril). Anyway, the choice will be yours.  

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🔍 Our expert, Claude Hirtzig, head of retail banking at Spuerkeess, discusses the pros and cons of having accounts at different banks. Advantages include access to varied services tailored to your needs and a lower risk if one bank faces difficulties. However, managing multiple accounts can be time-consuming and expensive due to maintenance and transaction fees. For more insights, check out the full article on [your] Luxembourg! #FinanceTips #Banking #AskTheExpert

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In this week's edition of the #SSA roundup: This week, we looked into the European Union’s funding plan for the second half of 2024 – it will raise an unprecedented €140bn for the full year – and talked to SSA bankers and peer issuers on how the market digested the announcement, as well as what the larger-than-expected figure, the syndication schedule, and the EU’s potential inclusion in sovereign bond indices will mean https://lnkd.in/eJcTh5rf We also spoke to Jörg Graupner at KfW about the Germany agency’s €4bn bond that bankers said gave confidence to the market after a turbulent few weeks amid European political risks https://lnkd.in/e4wjmhZb KfW’s deal also inspired the Nordic Investment Bank to follow. The NIB’s Jens Hellerup told us the supranational has now completed its funding target for the first half, with €2bn-€3bn to raise after the summer, including from its second dollar benchmark of the year. But SSA bankers are unsure about what is left in the pipeline after KfW and NIB’s deals https://lnkd.in/ebGJUvPM In dollars, the IFC - International Finance Corporation has made a quick start to the $15bn it aims to raise in its new financial year starting in July, taking advantage of a clear window this week. Yuri Kuroki shares the transaction highlights https://lnkd.in/ekdv5v3a There has also been plenty of activity from sovereign issuers in the last few days. Finland served up a rare dollar bond this week after a four year hiatus. Anu Sammallahti told us Finland wants to be predictable and follow its typical issuance pattern to bring its final planned syndication in late August to early September https://lnkd.in/etaNdgKR Cyprus wrapped up a tender offer this week, having launched a successful seven year benchmark last week. We spoke to Leonidou Stelios about the pair of exercises which took place after the sovereign’s recent ratings boost https://lnkd.in/eTViQfvQ And finally Iceland, after issuing its first green bond earlier this year, pioneered with the first sovereign gender bond. Finance minister Sigurdur Ingi Johannsson shared with us the ‘great potential in sustainable financing’ seen by the government. Myriam Zapata at BNP Paribas also spoke about this innovative transaction https://lnkd.in/eypjtu2w

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📢 Senior Loan Officer Opinion Survey on Bank Lending Practices conducted by the Federal Reserve, provides both qualitative and limited quantitative insights on bank credit availability and loan demand. With contributions from up to 80 large domestically chartered commercial banks and 24 major U.S. branches and agencies of foreign banks, it sheds light on the evolving developments and lending practices within U.S. loan markets. ✔ In our latest blog, we dive deep into the latest survey results, focusing on responses from domestically chartered commercial banks. 👉 Ensure you remain future fit on regulatory change with the most recent insights on bank lending practices: https://lnkd.in/e5WDhNck   #RegulatoryReporting #Regtech #Banking #Finance

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🇺🇸 [#Interview] | U.S. Elections & Trade Tariffs: What’s at Stake? In this interview, Vincent Mortier, CIO of Amundi, explores the impact of #US trade policies on global markets, especially in the context of upcoming elections. While trade #tariffs can create some winners, he highlights that the broader economic consequences often mean more losses than gains. As the U.S. #elections draw near, the direction of trade policy will play a crucial role in shaping the global economic landscape. For investors, understanding these dynamics is key to preparing for potential shifts in market conditions. Read more about Vincent Mortier’s perspective in Portfolio Adviser: https://lnkd.in/eK96vmPz

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How aligned are the banks with the Paris agreement temperature goals? Algirdas Brochard, Banking Project Lead at TPI Centre, explains the score chart below. In brief, 🔸Only 19% of the banks’ sectoral pathways are aligned with 1.5C or Below 2oC benchmarks in the medium term (2028-2035). 🔸Only 3% are aligned with the more stringent 1.5C benchmark. 🔸 Most have 2030 decarbonisation targets in line with the recommendations of the #NetZeroBankingAlliance (NZBA), but many lack short- and long-term targets to map a clear pathway to net zero by 2050. Want to go deeper? Access the Report. 👓Read it. ✍Use it. 📲Share it. https://lnkd.in/eBaqbF3H For the report, the TPI Centre used its inhouse #CarbonPerformance, as well as its award winning #NetZeroBankingAssessmentFramework (NZBAF), developed in consultation with Institutional Investors Group on Climate Change (IIGCC) and Ceres, Inc. Also join us in our webinar: From words to action 🗓Tuesday 29 October 2024 🕰 9:00 London, 10:00 CET 17:00 Beijing, 18:00 Tokyo/Seoul, 20:00 Sydney 🔎 Register: https://lnkd.in/eKA3jXGp The TPI Centre is the academic partner to the Transition Pathway Initiative (TPI) , an asset owner-led global initiative whose mission is to facilitate investors to address climate change. 26 multinational banks assessed are: Agricultural Bank of China, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Bank of America, CIBC, Goldman Sachs, Morgan Stanley, Societe Generale, BMO, Citi, JPMorganChase, Scotiabank, Wells Fargo, BNP Paribas, Deutsche Bank, MUFG, RBC, Sumitomo Mitsui Banking Corporation – SMBC Group, TD, UBS, Groupe Crédit Agricole, HSBC, ING, Mizuho, Barclays #StateofTransition #NetZero #TransitionFinance #CarbonPerformance #TransitionPlans #NetZeroBankingAssessmentFramework

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