Financial Center News #14

Wishing our Asian audience a joyful Mid-Autumn Festival. This festive occasion holds significance not only in China but also in various other regions like Taiwan, Vietnam, Malaysia, and Singapore. It's a time for cherished family gatherings, indulging in mooncakes, enjoying colorful parades, and illuminating the night with lanterns.

What have been our key #milestones, #announcements and #achievements during September? Click below to check our ADGM in a Month: September 2023 edition! Subscribe to our monthly Newsletter, to stay in the know, on all news and updates about #ADGM and the #ADGMCommunity

AIFC Governor invites Berlin Global Dialogue participants to collaborate on investment projects addressing demand for critical raw materials

On September 29 of this year, Mr. Renat Bekturov, the Governor of the Astana International Financial Centre (AIFC), participated in the international forum Berlin Global Dialogue. This forum, convening business and political leaders is dedicated to finding solutions in the evolving global economy and the development of new partnerships.

The session on the “Geopolitics of Critical Raw Materials” focused on fostering cooperation among countries to address the increasing demand for essential raw materials. The significance of this panel session arises from the increasing worldwide need for critical resources, essential for energy transition, national security, mobility electrification and the emergence of new technologies.

Countries are actively implementing new policies for critical sources of raw materials. In this regard, Kazakhstan can be a reliable source of critical minerals to meet the growing global demand, foreign investors can help with technologies, exploration, and processing.

CFC took part in the UNDP Financial Centres for Sustainability (FC4S) annual general meeting held in Dublin today.

“We are midway on the point to 2030 and the SDGs are still facing significant challenges with only 15% of the SDGs on track. In this context, it is essential to highlight the role of financial centers in leading a positive transformation towards a more inclusive and sustainable finance” stated Lamia MERZOUKI, COO at CFC and chair of the FC4S.

Mourad FATHALLAH, head of strategy and partnerships at CFC shared some insights on the latest developments in the field of green and sustainable finance in Morocco.

As a founding member of the FC4S network, launched in Casablanca back in 2017, and as the leading financial center in Africa, Casablanca Finance City's role is to contribute to the continent’s transition to a low-carbon and sustainable economy with the support of international cooperation.

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has proposed to enact a first-of-its-kind Digital Assets Law, a new Law of Security and related amendments to select existing legislation to cater to the requirements of the DIFC’s proposed digital assets regime to other DIFC laws. The proposed legislative enactments, and amendments to existing legislation, aim to ensure DIFC Laws keep pace with the rapid developments in international trade and financial markets arising from technological developments, and to provide legal certainty for investors in, and users of, Digital Assets.

Learn more here: https://lnkd.in/dTXVhxGX

Shattering Barriers: Breaking Through Africa's 3% Glass Ceiling.

Africa is poised for greatness, but one persistent obstacle stands in the way – the 3% glass ceiling that has limited the full participation of women in key sectors and leadership roles. Join us for an engaging and enlightening panel discussion where we confront this challenge head-on.

In this dynamic session, we'll explore the multifaceted aspects of this glass ceiling, from the boardroom to entrepreneurship, politics to tech, and beyond.

Moderator:

Dipak Chummun, FCA, Group Chief Finance Officer, IBL Together & Chairman of The Stock Exchange of Mauritius Ltd. & ICAEW Council Member, Board Director, Economic Development Board

Panelists include:

Anthony NKINZO KAMOLE, Chairman, Réseau international des agences Francophones de promotion des investissements (RIAFPI)

Yofi Grant, CEO, Ghana Investment Promotion Centre

Stefan Kratzsch, Team Lead, Sustainability Standards and Responsible

Business Unit, UNIDO

Ismail Ersahin, Chief Executive Officer, WAIPA

Neil Naidoo, Managing Director – Head Client Coverage, Africa Regional Operations, Absa Group

#APCMauritius2023 #EDBMauritius #AfricaPartnershipConference

#GlobalInvest #UnityInPartnership #Mauritius

In the fifth episode of the one-on-one interview series, we have a chat with Ms. Elisa Bevilacqua, Sustainability Reporting Senior Technical Manager, EFRAG.

#FinancialServices #OneOnOne

We look forward to holding our FinCity.Tokyo Global Forum in New York in 30 days.

For viewing the full program and signing up, please visit our webpage https://lnkd.in/gz2wwx7S

Don't miss it!

This month's Financial Center News highlights some exciting developments, including #Frankfurt's achievement of winning the title of World Design Capital. Additionally, Börsen-Zeitung is making significant contributions to bolster Germany's financial centers through its "Financial Centres in Germany" initiative.

🟢 Learn more in the September issue of our Finance Matters-Newsletter: https://lnkd.in/e4Sw-mdM

💡 Sign-up today: 👉 https://bit.ly/FMFnews (English) or https://bit.ly/FMFnews-ger (German).

On 28 September, Financial Services Development Council and Hong Kong Green Finance Association (HKGFA) collaborated to co-host an insightful fireside chat session at Standard Chartered Bank. The event kicked off with warm welcomes from Mr Anthony Lin, CEO, GBA, Standard Chartered Bank and an informative opening speech by Dr Ma Jun, Chairman and President, HKGFA followed by a welcome remark from Dr Rocky Tung, Director & Head of Policy Research, FSDC, setting the stage for the fireside chat.

With Ms Tracy Wong Harris moderating the lively discussion, Mr William McDonnell shared the latest initiatives, highlighting the importance of establishing a high-integrity voluntary carbon market. The Integrity Council for the Voluntary Carbon Market (ICVCM)'s comprehensive Core Carbon Principles (CCPs) Assessment Framework and procedures were introduced, aiming to drive tangible impact in our collective fight against climate change. The interactive fireside chat garnered overwhelming responses during the Q&A session. The event concluded with Dr Ma's enlightening wrap-up speech, followed by a networking session where a delightful selection of sustainable wines was served to complement the theme.

Join us in driving positive change and making a difference! Together, we can combat climate change and create a sustainable future.

Discover more about the CCPs here: https://lnkd.in/ephzMAJh

#carboncredit #VCM #CoreCarbonPrinciples #climatechange #sustainability #greenfinance #fsdchk #fsdchongkong

Financial Services and the Treasury Bureau (FSTB)

400+ delegates who attended our flagship #JFPrivateWealth conference today were treated to a packed programme, which kicked off with an introduction from our CEO Joe Moynihan, followed by a keynote speech from Robert Peston, and two panel sessions. In the first session, we heard from Bruce Whitfield; Tom Le Feuvre from Government of Jersey; Mahnaz Malik of Twenty Essex; Jay Krause of Withersworldwide; and Camilla Wallace of Wedlake Bell on the topic of #politicalrisk.

On our Balancing #Legacy and #Sustainability panel, we heard from:

Matthew Millard-Beer of Itriom; Dhana Sabanathan of Michelmores; Louisiana Salge of EQ Investors; Ravi Francis TEP of Gateley Legal; and JC Oliver of Valley Ventures.

We also heard an invigorating fireside chat between Mark Brider and #entrepreneur and #philanthropist Steve Hewitt who discussed the importance of good #leadership and #companyculture.

We’d like to acknowledge and thank all of our generous sponsors and media partners for their support. Thank you:

Carey Olsen, Affinity Private Wealth, Bedell Cristin, Crestbridge Family Office Services, HIGHVERN, Investec, Lloyds Bank International, Standard Chartered, Suntera Global, TMF Group, VG, VISTRA and Walkers.

eprivateclient, Financial Times, Philanthropy Impact, Reports Legal and WealthBriefing ClearView Financial Media

Join us at the Building Bridges Conference where #KIFC will showcase Rwanda’s growing contributions to ESG during a side event titled "Rwanda's Value Proposition to ESG Investors."

🗓October 4th, 2023

⏲5PM

📍Geneva, Switzerland

Read More: https://lnkd.in/dGaeN-3n

Missed our livestream “Focus on Talent” yesterday? You can catch up on it by clicking the link below. Our speakers discuss their insights into recruitment best practices, challenges in attracting and retaining talent as well as the future of work.

Watch here: bit.ly/3DY3RXX

#LFFTalent #livestream #talent #finance #workinginfinance #Luxembourg #career #financialservices

Breaking News!

Minister Roland Lescure and Chairman Augustin de Romanet will deliver the opening addresses of the #ParisInfraWeek inaugural day on October 9th.

The 2023 edition is dedicated to "SHIFTING THE FRONTIERS IN INFRASTRUCTURE: THE NEW PARADIGMS". The full week of events will analyze how infrastructure is part of the solution to accelerate the transformation to low-carbon economies and contribute to green reindustrialisation.

Ministère de l’Économie, des Finances et de la Souveraineté industrielle et numérique Groupe ADP

Caisse de dépôt et placement du Québec (CDPQ), Crédit Agricole CIB, Meridiam, Orrick, Herrington & Sutcliffe LLP, Société Générale, Standard Chartered Bank, Ardian, European Investment Bank (EIB), Gibson Dunn Infranity, LBP AM, Linklaters, RGREEN INVEST, Vauban Infrastructure Partners, White & Case LLP, Willkie Farr & Gallagher LLP, Bird & Bird, BNP Paribas, CMS Francis Lefebvre Avocats, Dentons, Eurazeo, InfraVia Capital Partners, Long-Term Infrastructure Investors Association, Moody's Investors Service, NAB Europe, PATRIZIA SE, RBC Capital Markets, STOA Infra & Energy, Diot-Siaci, Institut de la Gestion Déléguée (IGD), Infravenir

Direction générale du Trésor (French Treasury) Karim ZINE-EDDINE, Nadine Huynh, Robin Louvet Jean-Charles Simon

We had the privilege of hosting a distinguished delegation from The Government of the Hong Kong Special Administrative Region Financial Services and the Treasury Bureau, led by the Secretary Christopher Hui. We were delighted to welcome them, with our CEO Yousuf Al-Jaida, Chief Financial Sector Officer, Henk Jan Hoogendoorn, and our Financial Sector Office team.

During this engaging exchange, both sides had the opportunity to discuss crucial topics, including macroeconomic trends, regulatory challenges, and exciting prospects for financial sector stakeholders. This valuable meeting highlighted the importance of international engagement in the world of finance, and opened doors for future collaboration and cooperation. 🤝

#Doha #Qatar #QFCA #HongKong #China #QatarChina

We welcome the interim report published by the UK Digitisation Taskforce led by Sir Douglas Flint. Reforms that create a modern share ownership infrastructure and safeguard shareholder rights are long overdue and crucial to boost the UK’s competitiveness as one of the world’s leading international financial centres.

The industry will benefit from an open, efficient, simple and frictionless model. We also acknowledge that the reforms should be implemented in a way that protects shareholder rights, enhances shareholder engagement with listed issuers, and remains cost effective for both issuers and shareholders.

Read our full response and a set of recommendations focused on the key principles that should be worked through in advance of the Taskforce’s final report here: https://lnkd.in/e76eYAZe