Insights & Research
Cross-asset research, written for professionals.
Macro commentary, regulatory analysis and trading desk perspectives — without the noise.

The ECB pivot: what a slower easing cycle means for European rates
As inflation prints stabilise, the path of European policy rates is diverging from the US. We examine the implications for fixed income desks.

EUR/USD second-half outlook: range trade or breakout?
Carry, positioning and the US election cycle leave the pair vulnerable to two-way risk. A framework for hedgers and corporate treasurers.

Crude in a tightening market: supply shocks and the term structure
OPEC+ discipline and stretched inventories are reshaping the WTI–Brent spread. Producers should review hedging horizons now.

Beyond VaR: integrating scenario analysis into daily risk reporting
Tail-risk events are no longer rare. A practical guide to bolting forward-looking scenarios onto an existing VaR framework.

MiCA in practice: what year two of the EU crypto rulebook reveals
Custody, market abuse and stablecoin requirements are settling. We summarise what compliance teams should prioritise next.

Cross-border payments: closing the cost gap for emerging-market corridors
New rails, smarter FX execution and netting are bringing institutional payment economics to mid-market corporates.
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