Financial Center News #37

Thomas Krantz shared with us his opinion on a crucial topic: “The 2023 Nobel Prize in Economics for Understanding #Women’s Labor Market Outcomes.” 📲Full opinion: https://lnkd.in/eHkAqC8f

ADGM’s Statement on UAE’s Exit from the Financial Action Task Force (FATF) Grey List “Abu Dhabi Global Market (ADGM), the international financial center of the capital city of the United Arab Emirates, congratulates the government of the UAE and the Higher Committee Overseeing the National Strategy for Anti-Money Laundering and Countering of Terrorism Financing, chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, on the Financial Action Task Force’s (FATF) decision to remove the UAE from the list of countries under enhanced due diligence due to concerns regarding anti-money laundering/countering the financing of terrorism. FATF’s decision stands as a testament to the remarkable progress the country has made over the past two years in addressing its anti-money laundering (AML) and counter-terrorist financing (CTF) measures. ADGM is committed to continuing its collaboration with the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing, the CBUAE and other key stakeholders of the UAE in fortifying its AML/CTF framework and aligning with the UAE's national risk assessment initiatives. This collaboration aims to safeguard the integrity of the UAE’s financial ecosystem through enhanced policies, procedures, and controls to effectively manage the risks of money laundering and terrorist financing.”

#ADGM #FATF #AbuDhabi #CapitalofCapital #AML #CTF #CBUAE #UAE

We are happy to share that the International Swaps and Derivatives Association ISDA has recognized the AIFC (Astana International Financial Centre) as a netting-friendly jurisdiction. It published its legal opinion prepared by Dentons Kazakhstan LLP for ISDA members. The legal opinion recognizes the enforceability of close-out netting of the ISDA Master Agreements under the Acting Law of the AIFC. The publication of the opinion is an important contribution to Kazakhstan’s financial market infrastructure as the recognition encourages global and national institutions to carry out their derivative transactions from the AIFC. AFSA Chief Executive Officer Nurkhat Kushimov commented: “Publication of a netting opinion demonstrates that AFSA remains committed to working closely with international organizations to further develop the AIFC’s legal and regulatory framework, ensuring it remains at the forefront of financial innovation and services.” “Ensuring the enforceability of close-out netting is the single most important step a country can take to improve the safety and efficiency of its derivatives market. The AIFC joins more than 80 jurisdictions worldwide to be covered by an ISDA netting opinion,” says Dr Peter M. Werner, Senior Counsel at ISDA. Vassiliy Zenov, the head of Banking and Finance at Dentons in Kazakhstan commented: “We are pleased to issue the Netting Opinion in relation to the AIFC law for the benefit of the ISDA members, and therefore the AIFC netting regime should now be covered for close-out netting purposes. We are also delighted to be instrumental to the practical implementation of the AIFC law and its financial markets.” To read the full press release, please follow this link: https://lnkd.in/dvm3jcrd

The webinar [Financial Centres of The World 2024: Focus On Busan] will take place on March 11, 24 at 17:00(KST) and 8:00(GMT) 😄 In the webinar, we'll look at Busan, South Korea's second largest city at 3.4 million and a burgeoning centre for maritime industry, finance, and digital finance. Busan's ambitious plans for expanding digital finance ecosystem including the digital asset exchange. Moreover, we'll look at the work of Busan International Finance Center, the incentives being offered to the international business community as well as the prospective ecosystem. Everyone is welcome to participate, so we kindly ask for your interest and participation❣

Z/Yen Group Limited Mike Wardle

🌟 Exciting Opportunity in Casablanca Finance City ! 🌟 Join Casablanca Finance City Authority as our Communication and PR Manager ! 🌐 Are you a dynamic and strategic communication professional with a passion for new challenges ? We're looking for a talented individual to lead our Communication and PR team and play a pivotal role in shaping the narrative of Casablanca Finance City. 🚀 Position: Communication and PR Manager 📍 Location: Casablanca, Morocco Key Responsibilities : •           Develop and implement comprehensive communication and PR strategies to enhance the visibility and reputation of Casablanca Finance City globally. •           Act as a spokesperson for the organization, building and maintaining relationships with media, stakeholders, and key partners. •           Create engaging content for various platforms, including press releases, articles, social media, and website updates. •           Organize and manage events, conferences, and other promotional activities to showcase Casablanca Finance City's initiatives. •           Monitor and analyze media coverage, providing insights and recommendations for continuous improvement.

Mastercard & DIFC Innovation Hub hosted the 'Leadership forum: Innovating a sustainable tomorrow' which delved into the importance of innovation in today's dynamic business environment. The event featured three sessions revolving around the transformative power of innovation whilst highlighting insights on a leaders' role in driving business growth, spearheading digital transformation and creating a sustainable tomorrow. #DIFC #DIFCInnovationHub #Mastercard #LeadershipForum

Mr. Sachin Mohabeer, Deputy CEO at the EDB Mauritius had set the stage with a presentation outlining the new development strategy of Mauritius which builds upon its already solid business ecosystem. 🌐𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐞𝐯𝐞𝐧𝐭 https://lnkd.in/dGXF6sVG The country boasts a business-friendly environment, an excellent ease of doing business ratings, and a basket of well-thought incentives to encourage investors to establish their businesses in the country. Mauritius also serves as a strategic springboard for investors looking to expand their footprint into Africa, particularly through the Mauritius Financial Services Sector (MIFC) and the network of agreements with African countries which facilitates market access and fosters opportunities for investment across the continent. 🌐𝐑𝐞𝐚𝐝 𝐦𝐨𝐫𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐮𝐫𝐢𝐭𝐢𝐮𝐬 𝐈𝐅𝐂 https://mauritiusifc.mu/ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 - 🌐 edbmauritius.org #edbmauritius #edbEvent #businessgrowth #mauritius #africabusiness #bilateralrelations #partnership #southafrica

📸 Photo highlights from the event "Malta – Innovative New Solutions for Asset Managers" hosted in London by the Malta Asset Servicing Association (MASA) in collaboration with FinanceMalta and with the participation of the Malta Financial Services Authority (MFSA).

Delegates had the opportunity to network with industry experts, gaining insights on new fund frameworks, regulatory updates, and various initiatives that are being spearheaded by the Malta Financial Services Authority (MFSA). Attendees also received the latest updates on the Malta Financial Services Advisory Council (MFSAC)'s Strategy for Financial Services. The innovative Notified Professional Investor Fund (#NPIF) structure, was the main focus of the discussion, exemplifying Malta's commitment to staying at the forefront of financial innovation. #FinancialServices #AssetManagement

Excitement over Japan’s plans to architect an ‘Asset Management-led Nation’ was palpable at the FinCity Global Forum and Tokyo Asset Management Forum, two of FinCity.Tokyo (東京国際金融機構)'s flagship events which were held over the course of a single day on 31 January. Over the last six months, the sense of optimism has snowballed as Prime Minister Kishida and the Financial Services Agency unveiled a series of reforms focused on upgrading the asset management industry, including promoting the Emerging Managers Program (EMP) in Japan to drive investment into small-but-distinctive asset managers. We would like to thank the 25+ experts, from political leaders and academics to asset owners and emerging managers, for shedding light on many recent developments through their discussion and debates of how best to implement reform. Please enjoy some of the events' highlights in our article below, and we hope to see you there again next year!

CFS Index remains stable thanks to good results in the last quarter (Survey conducted 12-19 February 2024 for the results of the fourth quarter 2023) More: https://lnkd.in/dMcAbFci Frankfurt Main Finance #CFSIndex

FSDC Welcomes 2024-25 Budget Measures, Propelling Hong Kong's Financial Growth 🌟 #FSDC welcomes the 2024-25 budgetary measures, with initiatives targeting sustainable growth and solidifying HK’s global #FinancialHub position, while embracing the #DigitalEconomy, all of which propel economic growth. Mr Laurence Li, FSDC Chairman, remarked, “The initiatives, particularly those enhancing our #GlobalConnectivity, invite the international community to explore HK’s diverse opportunities. Our commitment to dialogue and knowledge exchange positions HK as a vibrant nexus in the global marketplace, unlocking new capital streams." “The measures demonstrate a proactive response to current economic conditions and a forward-thinking approach, ensuring Hong Kong's economy is resilient and future-ready”, said Dr King Au, FSDC Executive Director, who also highlighted the city's advancements in #GreenTech and #GreenFinance, that amplify the city's global competitiveness. FSDC is optimistic about the positive outcomes expected and stands ready to collaborate for HK’s financial industry global flourishing. Press Release: https://lnkd.in/diq8A5bh #Budget2024 #HongKong #GDP #Finance #FinancialServices #EconomicDevelopment #FSDC #FSDCHK #FSDCHongKong Financial Services and the Treasury Bureau (FSTB)

Jersey Finance is proud to be a DIFERA accredited company, Liberate’s employer accreditation scheme. We are excited to embrace the DIFERA values into every aspect of our work, internally and externally and to share this quality mark with other local companies. Read more about this milestone on our website: https://jsy.fi/48qW4P2

Our Fintech Lead Leila Rwagasana shared insights on the pivotal role of Fintech, as one of KIFC's key niche areas, to attract investment capital in Rwanda and across Africa, highlighting the hosting of the inaugural Inclusive Fintech Forum as one of the key achievements in 2023.

After 11 years at the helm of Luxembourg for Finance, I have been called by the government to return to European affairs and serve as Luxembourg's Ambassador to the EU starting in September. I wish to thank Prime Minister Luc Frieden and Foreign Minister Xavier Bettel for this honor. I look forward returning to Brussels and diving back into the issues that I have worked on intensely in my earlier professional life. I also wish to thank Minister of Finance Gilles Roth and his predecessors Yuriko Backes and Pierre Gramegna for their trust and support during our years of cooperation. I will miss the fantastic team of Luxembourg for Finance. To my successor, @Tom Théobald I can only express my heartfelt congratulations for this well deserved appointment. Enjoy the ride!

#SaveTheDate We look forward to seeing you on February 27 and 28 for 2️⃣ days of debates and exchanges around #TransitionClimatique and #FinanceVerte on the occasion of the third edition of the Forum #TimeToChange 👉 https://lnkd.in/dQ3zWZaq

Option Finance GreenUnivers Association française des investisseurs institutionnels (Af2i)

#WebSummitQatar is finally here, bringing with it endless opportunities for startups! This dynamic platform allows companies to showcase their innovations, connect with investors, gain exposure to potential partners and customers, and learn from industry leaders through workshops, panels, and networking sessions. Did you know that you can easily register your company with us at the summit and gain exclusive benefits? 🟣No registration fee 🟣No annual fees for the first five years 🟣A tax waiver in line with international standards Connect with us at the Startup Qatar pavilion by Invest Qatar: 📍Booth E105, Hall 1, Doha Exhibition and Convention Centre

Smart investments – social edition: Boerse Stuttgart Group supports sustainable opportunities for young people – in partnership with JOBLINGE. Boerse Stuttgart Group, together with Stuttgart Financial, has entered into a partnership with Joblinge, an organization committed to supporting young people on their way into training with the aim of ensuring sustainable integration into the labor market – and with great success: the placement rate in successful training is around 75 %. The partnership kicked off with an initial donation of laptops and a workshop in which 10 colleagues from various departments supported the young people with self-presentation training. The most important components of our partnership are an annual donation in the form of technical equipment, the organization of two workshops per year, and the offering of an internship with us for two suitable JOBLINGE participants each year in order to provide valuable insights for finding a career. The first candidate has already successfully completed an internship in our Group Service Desk department right at the start of the year. Looking forward to this great opportunity to make an impact!

Great roundtable this morning with Lord Bridges, Chair of the Economic Affairs Committee, where we discussed the Committee's work and ways to deepen engagement with our industry. Thank you to Peter Horrell and Fidelity International for hosting. #TheCityUK