Financial Center News #48

📈 Introduction to the latest #WAIFC white paper: "ENHANCING SUPPLY CHAIN FINANCE FOR THE PROMOTION OF THE GREEN TRANSFORMATION."

In our latest white paper, we explore the critical role of finance in bolstering global supply chains amidst today’s economic and environmental challenges.

This document delves into how WAIFC members perceive the roles of financial markets and measures in mitigating risks associated with these transitions. It addresses the adaptation of these measures to various economic conditions globally, ensuring alignment and flexibility.

Dive into the first chapter where we discuss the overarching landscape of Supply Chain Finance, review its challenges, and outline how finance can drive the Green Transformation essential for sustainable growth. Stay informed about how digitalization and regulatory frameworks like the Carbon Border Adjustment Mechanism and new disclosure standards by the International Sustainability Standards Board (ISSB) are set to reshape the future of international trade and economic sustainability.

We would like to thank our workstream coordinators and members FinCity.Tokyo (東京国際金融機構) and Frankfurt Main Finance. We would like also thank our contributors and members Abu Dhabi Global Market (ADGM), Casablanca Finance City, DIFC, EnterpriseNGR, FinanceMalta, Paris Europlace and Surecomp Japan.

📲 Read more: https://lnkd.in/epNZAP9p

#Finance #GlobalSupplyChain #Sustainability #GreenTransformation #Digitalization #WAIFC

🎙️Read the statement by our board member Hubertus Väth and Managing Director of Frankfurt Main Finance on our new #WAIFC white paper: "ENHANCING #SUPPLYCHAIN FINANCE FOR THE PROMOTION OF THE GREEN TRANSFORMATION."

💡In our latest white paper, we explore the critical role of finance in bolstering global supply chains amidst today’s economic and environmental challenges.

📲 Read more: https://lnkd.in/epNZAP

🤝We are thrilled to announce that our members Financial Services Development Council and Qatar Financial Centre (QFC) Authority have officially entered into a strategic partnership by signing a Memorandum of Understanding (#MoU).

💡This partnership aims to drive significant developments in the financial sectors of both #Qatar and #HongKong.

🇶🇦🇭🇰This collaboration marks a critical advancement in enhancing financial market integration. Through the exchange of best practices, collaborative training programs, and the promotion of thought leadership, they are dedicated to nurturing innovation and growth across the global financial landscape.

🖋️The MoU was signed by Dr. King Au, Executive Director of Financial Services Development Council and Mr. Yousuf Al-Jaida, CEO of Qatar Financial Centre (QFC) Authority.

The ceremony was witnessed by key figures including Mr. Joseph HL Chan from the HKSAR Government, Mr. Daniel Fung, Vice-Chairman of Financial Services Development Council and Qatar Financial Centre (QFC) Authority representatives Mr. Henk Jan Hoogendoorn, Mr. Hamed Al-Saadi, and Mr. Abdulla Al-Hajri.

🖋️ Our members Qatar Financial Centre (QFC) Authority and Economic Development Board Mauritius signed a MoU.

This strategic partnership promises to boost the fintech landscapes in both Qatar and Mauritius. 🚀

🤝This collaboration will strengthen fintech activities within financial sectors, speed up fintech development, and assist companies in gaining a foothold in each other's markets.

📲 More info: https://lnkd.in/e_qKsCpM

🖋️ Our members Qatar Financial Centre (QFC) Authority and Economic Development Board Mauritius signed a MoU.

This strategic partnership promises to boost the fintech landscapes in both Qatar and Mauritius. 🚀

🤝This collaboration will strengthen fintech activities within financial sectors, speed up fintech development, and assist companies in gaining a foothold in each other's markets.

📲 More info: https://lnkd.in/e_qKsCpM

ADGM has recently launched a strategic initiative, waiving commercial licence fees for established businesses in the non-financial and retail sectors on Al Reem Island until 31 October, 2024. The programme is intended to make the transition to ADGM from ADDED smoother. ADGM encourages all Al Reem Island businesses to seize this remarkable opportunity.

Learn more here:

🔗 https://lnkd.in/dFTimDhw

#ADGM #StrategicInitiative #CommercialLicenceFees #NonFinancialSector #RetailSector #AlReemIsland #ADDED #Transition #Opportunity

How does fund administration work? What global trends are reshaping the industry?

Explore the challenges and opportunities facing the region and delve into the potential game-changing impacts of Amicorp's presence on Central Asia's economic growth and global connectivity. Head of Sales for Amicorp Group in CIS countries, Sergio Gironella, TEP , shares his expertise and unveils exclusive insights and trends shaping the future of Kazakhstan's financial landscape.

Join us for the discussion that navigates through the complexities of international business and the evolving nature of financial services in Kazakhstan and beyond: https://lnkd.in/eP23nMGv

Busan throws down the gauntlet in CBDC commercialization experiments

The Bank of Korea (BOK) has initiated a pivotal commercialization endeavor for Central Bank Digital Currency (CBDC) in Busan Metropolitan City, marking the inaugural step towards fostering a cashless society. Later this year, the BOK will undertake a CBDC utilization test involving 100,000 citizens, with BNK Busan Bank having recently submitted an application to participate in this experiment.

On April 2024 BNK Busan Bank submitted an application to the BOK for participation in the CBDC commercialization experiment. It encompasses the utilization of the digital currency issued by the BOK using blockchain technology for tangible commercial transactions by the public.

Throughout the experiment, scrutiny will be applied to discern payment patterns and procedural intricacies. Given the CBDC's issuance by the BOK, commercial banks are engaged as custodians of monetary assets, with BNK Busan Bank slated to oversee the distribution of CBDC in Busan.

The experiment will transpire through the issuance of public vouchers by Busan, remitted in CBDC for utilization by recipients in their daily lives. In Busan, expectant mothers receiving childbirth incentives will receive CBDC via the BNK Busan Bank app or e-wallet, subsequently employing it for purchases at CBDC-accredited merchants.

Here’s to an exciting announcement: Casablanca Finance City is taking part in the U.S. Africa Business Summit in Dallas, Texas this year!

With over 2,000 delegates, including African and American leaders, this event offers a platform to discuss opportunities and challenges in trade and investment between the two continents.

Book an appointment now with our teams on site by filling out the form in the following link : https://lnkd.in/ghiYHCty

#CFC #CasablancaFinanceCity #USA #CFCInsights #AfricaBusinessSummit

Farewell, Dubai Fintech Summit! Thank you to everyone who made this event a success. Let's continue to innovate and thrive in the fintech landscape.

#DIFC #DFS2024

🌟 Curious about why Brits are moving to Mauritius? Learn more - bit.ly/4a4SniZ Get ready to uncover the secrets at our ultimate real estate rendezvous! 🏡 Join us at the Conrad London St. James on May 31st, 2024, for an immersive Property & Investment Forum. Explore firsthand the unparalleled allure of Mauritius' booming real estate market. Elevate your investment strategy and unlock exclusive opportunities in paradise! Secure your seat now! 👉 https://lnkd.in/duYeFzd8 #edbmauritius #edbroadshow #realestatemarket #propertyinvestment #businessopportunities #InvestInMauritius #BusinessGrowth #Innovation

Episode 94 of the #FinTalks podcast is now live! 🎙️ In this episode, join us for an insightful conversation with Kevin Plumpton, Group CEO, Kyrrex about the Markets in Crypto-Assets Regulation (MiCA), and the benefits of having a crypto company licenced in Malta.

Stream the #podcast now 👉https://lnkd.in/ePMquCN9

Speaker's Bio Kevin Plumpton is currently Group CEO at Kyrrex, an international digital finance firm, providing fiat and crypto products and services within an integrated Web 3 ecosystem. Kevin is also a warranted lawyer and boasts a decade of experience collaborating with local and international organizations, offering business management solutions, legal counsel, and regulatory expertise.

#FinancialServices #Fintech

Asia Asset Management’s prestigious and inspirational award ceremony on April 18 in Hong Kong organized by Tan Lee Hock

Together for Europe 🇪🇺

The #Finanzplatz stands united for a democratic, free and tolerant Europe. On the occasion of today's Europe Day, Mayor Mike Josef, City Treasurer Bastian Bergerhoff Berghoff, City Councillor Eileen O'Sullivan Bundesbank President Joachim Nagel, members of the Executive Board Sabine Mauderer and Burkhard Balz and Frankfurt Main Finance President Gerhard Wiesheu as well as members of the Stadt Frankfurt am Main Municipal Council, the Executive Board of Deutsche Bundesbank and the Executive Committee of Frankfurt Main Finance are gathering at the Frankfurt Römer for a joint statement:

"Tolerance and human dignity as well as openness to exchange across borders form the basis of Europe and the financial sector. These values are therefore the guiding principles of our actions. Exclusion and xenophobia are damaging #Europa, Germany, the financial centre and all of our coexistence.

Take part in the European elections on 9 June 2024 and give Europe and its #Demokratie a strong voice: your vote."

🤝 Exciting Partnership Announcement: FSDC and QFC Form Strategic Partnership to Drive Financial Sector Development

We’re exhilarated to announce a strategic partnership between #FSDC and the Qatar Financial Centre (#QFC), solidified through the signing of a Memorandum of Understanding (#MoU). This alliance is poised to catalyze the financial sectors in both #Qatar and #HongKong.

This collaboration signifies a pivotal step towards fostering seamless financial market connectivity. By sharing best practices, conducting joint training initiatives, and promoting thought leadership, we underscore our commitment to fostering innovation and growth within the global financial ecosystem.

🚀 Here’s to a future filled with innovation, growth, and prosperity in our financial markets!

#FSDC #QFC #QFCA #FinancialGrowth #GlobalPartnership #Collaboration #KnowledgeSharing #Milestone #StrategicAlliance #Growth #Connectivity #FSDCHK #FSDCHongKong Financial Services and the Treasury Bureau (FSTB)

TechConnect is an exciting new Jersey Finance forum for senior tech executives, to discuss macro themes and strategic topics. The inaugural event takes place next week (14 May) and is by invite only.

If you’d like to be added to the list, please contact Nathalie Andersson: https://jsy.fi/3UvYBCz

Joining us at the event will be Chris Nicol, Managing Director of MasonBreese.

Nathalie Andersson Chris Nicol Karolina Pilcher

Today, we held a stakeholder workshop to discuss Kigali’s standing in the latest Global Financial Centres Index (GFCI35). The discussions centered around potential strategies our ecosystem can employ to bolster Rwanda's competitiveness as a financial hub. Rwanda Development Board (RDB) City of Kigali National Bank of Rwanda (NBR) Ministry of Finance and Economic Planning

In recent years, there has been a surge in the value and penetration of venture capital deals for ‘clean technology’ firms. Notably, the venture capital sector stood out as the sole market experiencing a rise in involvement throughout 2023.

This trend bears significance, as the achievement of a net-zero transition hinges on the establishment of a robust foundation of fast-growing and environmentally friendly businesses in Europe.

Read more in our report published in collaboration with New Financial LLP: bit.ly/4aFONNg

#ISG #GreenFinance #SustainableFinance

📆 We are proud to support Talent For Finance, the first career fair in finance, organized by L'AGEFI and Dogfinance.com on May 28, 2024 at the Newcap Event Center in Paris (15th).

Student, young graduate, young professional or expert? Register and come meet the recruiters 👉 https://lnkd.in/edVRmvUd

#AgefiEvents #CerclesAgefi

There's one week left until the fourth Qatar Economic Forum, powered by Bloomberg, kicks off! Join us at our booth.

We’re excited to sponsor this influential gathering that highlights the strategic importance of the Gulf region. This year’s forum will delve into global boardroom topics and showcase the Gulf’s increasing role on the world stage. By strategically leveraging wealth, key states in the region are enhancing their global influence, diversifying their economies, and gaining international prominence. 🌍

Amidst a critical election year with over 50 nations voting, the forum will address the potential shifts in global geopolitical risks, economic disruptions, and trade and investment flows. This is a pivotal moment that could redefine the trajectory of the global economy. Don’t miss the chance to engage with diverse international perspectives at this exclusive event. 🔍

#QatarEconomicForum #GlobalEconomy #Investment #Qatar #QatarEconomy

Our CEO, Miles Celic, gave evidence to the UK House of Lords Financial Services Regulation Committee today, emphasizing that for the UK to continue as one of the world’s foremost financial centers, we need a regulatory framework that is more stable, more proportionate, and more agile.

#TheCityUK