Financial Center News #36

📰 Our February 2024 Newsletter is now available ✅ In this edition, we feature: 🔹 An insightful joint interview with King Au and Rocky Tung from Financial Services Development Council discussing key takeaways from #COP28, including the new Loss and Damage Fund and strategies for a sustainable transition from fossil fuels. 🔹 Perspectives from our advisor Thomas Krantz on the 2023 Nobel Prize in Economics and the critical role of women in the labor market. 🔹 Updates from the Asian Financial Forum (AFF) including important collaborations and the MoU between Hong Kong and Saudi Arabia. 🔹 Information on the WAIFC Young Academic Award 2024 – a great opportunity for young academics to showcase their research on sustainable and inclusive finance. 🔹 Latest collaborations and initiatives by our members, like the DIFC and Guernsey Finance partnership, and from AIFC (Astana International Financial Centre), the successful listing and trading of Air Astana JSC's shares and GDRs, following three and a half days of conditional trading 📲 Read the full newsletter: https://lnkd.in/exrr8cip #Finance #Newsletter #WAIFC #SustainableFinance #GlobalInsights

⏳WAIFC members will participate in the Board Meeting and Extraordinary General Meeting in #Mauritius, hosted by Economic Development Board Mauritius, our member. 📲 https://lnkd.in/eYs-b8_5

Don’t miss out on the opportunity to visit our networking booths and connect with the ADGM team to ask about ADGM’s expansion to Al Reem. Learn how you can seamlessly transition your commercial licence into the ADGM Financial District. Register now for Al Reem Island's Community Event on the 4th of March at Sorbonne University Abu Dhabi.

🔗 https://lnkd.in/dZ8h2nfK

#ADGM #AlReemIsland #SorbonneUniversity #AbuDhabi

🌟PROVIDING ISLAMIC FINANCING LICENSE AT AIFC

Interested in Islamic finance licenses at AIFC? We're here to deliver on our recent promise, starting with the commonly inquired ‘Providing Islamic Financing’ license. Let's check it out! 👍

🔍 If you’ve missed our breakdown of Islamic finance licenses at the AIFC, take a moment to catch up: https://lnkd.in/eziUAWF7

📘 We’ve compiled a detailed handbook covering every aspect of the ‘Providing Islamic Financing’ license. Download it now and share it with your network to spread awareness and knowledge about Islamic finance opportunities at the AIFC.

👉 Questions or eager to learn more? Leave your thoughts in the comments below, and we'll make sure to cover it in our upcoming publications.

#islamicfinance #AIFC #Business #Kazakhstan

"Explore the Dynamic Busan, the Financial Hub!" 🌟🏙️ We're excited to share this captivating glimpse into the heart of Busan, the Financial Hub. This video showcases the vibrant energy, cutting-edge facilities, and the inclusive, forward-thinking environment that makes Busan a leading financial hub. Join us in celebrating the growth, diversity, and potential of Busan Financial Center. Whether you're a professional seeking new opportunities, a company looking for a strategic location, or an investor interested in promising markets, Busan has something unique to offer. 💗 Busan Finance Center

Mark your calendars 📆 Casablanca Finance City Authority is hosting a conference on February 21st in Casablanca, addressing the development of the AfCFTA. Click the link in the comments to join us ⤵️ #CFC #CFCInsight #CasablancaFinanceCity #DoingBusiness #Africa #AfCFTA #ZLECAF

Day 1 of Talent Week 2024, hosted by DIFC Innovation Hub , made a remarkable debut with various students and fresh graduates in attendance. The opening day featured a keynote address by Mohammad Alblooshi, CEO of DIFC Innovation Hub , emphasizing the imperative of providing opportunities for youth growth. The day was filled with a variety of engaging and informative sessions aimed at helping students advance in their career preparations. In addition to the first panel discussion on the #future of work, which emphasized the need for youth to identify their unique strengths, there were other sessions that were equally impactful. One such session delved into #AngelInvesting for beginners, encouraging students to invest in their niche and seek support from angel syndicates. The event concluded with a panel discussion on navigating the new normal, addressing work-life balance, creating a flexible #hybrid working environment, managing generational divides, and encouraging empathy in #leadership. Register now for Day 2: https://lu.ma/4ts2irgt #DIFC #DIFCInnovationHub #TalentWeek2024

Last week, the Unified Payments Interface (UPI) launch and the Rupay card's integration with MoCAS, the island nation's national payment switch, were praised as historic events by Mauritius Prime Minister Pravind Jugnauth. 𝑹𝒆𝒂𝒅 𝒎𝒐𝒓𝒆: https://lnkd.in/dByuyvWr RuPay and UPI's integration is expected to improve business and travel between Mauritius and India by providing a useful and efficient payment solution for individuals and businesses alike. It will also assist Mauritius in re-enforcing its reputation as a global financial centre - Mauritius International Financial Centre

#mauritiusifc #bankingservices

Episode 82 of the #FinTalks podcast is now live! 🎙️ In this episode, we have a chat with Sandro Pecorella, Business Development Manager, SGM-FX Malta about “Insights into Foreign Exchange Trading”. Stream the #podcast now 👉 https://lnkd.in/eTimmpVK #FinancialServices #ForeignExchange

Entrepreneurship and investment have gained significant momentum in Tokyo over the last year. Three industry experts came together to make sense of the current trends in a roundtable discussion hosted by FinCity.Tokyo (東京国際金融機構) and Reuters Plus.

Sumitomo Mitsui Trust Asset Management’s Executive Chairman and Representative Director, David S., said that Tokyo’s “new dynamism” and the rising appetite for more “equity-oriented” business approaches is making the city more enticing to foreign investors.

At the same time, Semaya noted the policy push that is underway to establish an emerging managers program, which “can help revitalise asset management” by supporting small-but-outperforming asset managers, both foreign and domestic, with market entry.

Semaya was joined in the discussion by two other renowned experts: Keiko Honda, who is Adjunct Professor at Columbia University’s School of International and Public Affairs; and Yasuhiro (Yasu) Yamakawa, Ph.D., who serves as Executive Director of Venture Café Tokyo and Associate Professor of Entrepreneurship at Babson College.

The Emerging Managers Program, which has been advocated by FinCity.Tokyo (東京国際金融機構)., is just one of the recent policy initiatives aimed at entrepreneurs.

“Supportive government policies are creating a mindset shift regarding access for foreign entrepreneurs,” said Yasuhiro Yamakawa. According to Yamakawa, even METI officials are now tweeting about the positive changes. “Everyone is pulling in the same direction and we haven’t really seen that before. It sends a strong signal to entrepreneurs.”

Beyond these recent developments, Tokyo boasts “obvious benefits” for foreign firms, including its trusted hard currency, political stability, and the rule of law, said Keiko Honda. “Tokyo, as the largest city in the world, offers a significant concentration of firms, which is a huge advantage. Banks, global finance institutions, technology giants, venture capitals—you can reach them all within 30 mins,” said Honda.

Welcome to Frankfurt, #AMLA! 🎉 The Anti-Money Laundering Authority (AMLA) will be based in #Frankfurt am Main. This was decided by the Council and the Parliament of the European Union on Thursday (22.02.2024) in Brussels. FMF President Gerhard Wiesheu commented: "This is a great success and a sensible decision by the European Union. The establishment of the authority here in Frankfurt underlines the importance and significance of the financial center on the Main. The success is the result of joint efforts by the Federal Government, the State of Hesse and the City of Frankfurt. The task now is to live up to the responsibilities that come with the seat of the Anti-Money Laundering and Countering the Financing of Terrorism Authority. All parties involved should have the ambition to develop Frankfurt into a knowledge and technology center for the identification of money laundering. The financial center has all the prerequisites for this." This is good news for the European Union and a complete success for the Hashtag#Finanzplatz Frankfurt! 🙏

Navigating Episode 4 of the Hong Kong's RMB Story Series: RMB Cross-Border Payments and Bonds Landscape

🔎 Explore the realm of cross-border payments and bonds in Hong Kong with insights from three distinguished industry leaders in insurance and banking. Ready for an enlightening journey? Click here now: https://lnkd.in/gWnMhdd9

#finance #FSDC #offshoreRMBassets #insurance #bank #renminbibond #RMBStory #connectivity #financialdevelopment #HongKong #GBA #fsdchk #fsdchongkong

Read an article by our Americas Lead Philip Pirecki on ‘Trends that will Shape 2024’: https://jsy.fi/3T6Ypud

#Funds #FundManagers #AlternativeInvestments #CorporateServices #PrivateEquity #RealEstateFunds #InvestmentFunds #HedgeFunds #AssetManagement #Tokenization #Blockchain #DistributedLedgerTechnology #DigitalAssets #DigitalAssetManagement #PreciousMetals

During the recently concluded Blended Finance Forum, two panel discussions were hosted. The first panel discussed the state of Blended Finance in Rwanda and different opportunities to leverage, and the second panel delved into what it takes to get a Blended Transaction done.

The 19th edition of The Global Risks Report (2024) of the World Economic Forum highlights a predominantly negative outlook for the next two years, with a further worsening trend over a ten-year period. Climate and environmental issues remain important in the eyes of the business leaders questioned. However, they also believe that our societies will increasingly fall victim to misinformation and disinformation, caused in particular by generative AI, which could cause fractures and lead to growing polarisation, possibly culminating in conflict. Read more: https://bit.ly/3OKdkaP #report #finance #future #sustainability #AI #financialservices

"What is at stake is Europe's strategic sovereignty, which requires the sovereignty of its finances. This will require a genuine Capital Markets Union and a Banking Union. »

Financial attractiveness law, challenges for European finance and potential risks, read the full interview with Augustin de Romanet, President of Paris Europlace, in Le Figaro.

It was an opportunity to take stock of the post-Brexit situation but also to draw up future perspectives and areas of work at the French and European levels. With one priority: it is crucial to better direct household savings towards corporate financing.

Take a glimpse into the recent joint event by @Qatar Financial Centre and LSEG (London Stock Exchange Group) highlighting the impact of recent Middle Eastern events on the Energy Market & Financial Institutions. 🌍💼 Insights shared covered projections for oil-exporting countries, potential disruptions, banking system stability, and proactive measures to bolster resilience. Addressing these challenges is vital for enhancing the resilience of our energy market and financial institutions, safeguarding our economy from potential threats.

SAVE THE DATE: 21.03.2024 Pitch & Pizza is back for its first time in 2024 and we couldn't be more excited to see what innovative ideas and businesses our community has to offer.

If you haven't already registered, now is the time to do so! You can do this by clicking on the following link: https://lnkd.in/gfnvbbN2

Don't miss this opportunity to pitch your business idea, network with like-minded people and meet investors. Register now and join us for an evening of innovation, inspiration and, of course, delicious Neapolitan pizza!

We can't wait to see you there!

Nazmie SabaniDr. Philipp VeitMarco NeidhartJan Hendrik Merlin ReichenbacherKati NayeriSarah GarpielMireia M. MauriPaul Dörflinger

In his latest blog, our CEO Miles Celic provides an update on our activities and outcomes, including political engagement, new research, international meetings and delegations and planning for our forthcoming conferences. 📰Read more here: https://lnkd.in/ecK3paWg #TheCityUK