Financial Center News #54

🎙 #WAIFC Expert Workshops are a new initiative to share best practices amongst our members. We select the most relevant topics for our members and engage with the leading experts in our communities.

💡 We also invite our observers and other financial centers to participate in the workshops, which are held in part online and in part at our members' premises. The workshops range from short webinars to multi-day events.

The first Expert Workshop on using AI in digital marketing for financial centers occurred on 04 June 2024: https://lnkd.in/erm2xGMF

🔎 We are delighted to be able to invite you to the next workshop just over two weeks later: #WAIFC Expert Workshop: Data Flows with Trust.

🎤 Speakers:

- Abdul-Rahim Osman, WAIFC, Head of Communications & Senior Project Manager. - Lori Baker, DIFC, Vice President – Data Protection & Regulatory Compliance. - Stephen Booth, TheCityUK, International Strategy Manager. - Lisa Springate, Jersey Finance, Head of Legal and Technical. - Samantha Gardner, Jersey Office of the Information Commissioner, Operational Compliance & Policy Lead.

📲 Please register: https://lnkd.in/ex2PSrzF

Muslims from all over the world, may this special day bring love, happiness, and blessings to you and your loved. #eidmubarak

💡 Discover the 3 latest publications by the World Alliance of International Financial Centers (WAIFC)

💡Recently, we released three reports, each exploring critical aspects of the finance industry:

1. Women in Finance - Compendium of Good Practice 🔎 📄 https://lnkd.in/em8NUBFm

2. Art and Financial Centers🖼️ 📄 https://lnkd.in/e6mRmkhS

3. Green Transformation of Supply Chains 🌳 📄 https://lnkd.in/epNZAP9p

💡WAIFC's members are committed to fostering collaboration and producing reports for both the financial sector and the grand public.

🔦 Register and access our newsletters for free: https://lnkd.in/eEs4uwvF

#Finance #WAIFC #WomenInFinance #ArtAndFinance #GreenTransformation #Sustainability #Research #Innovation

Concluding yet another fruitful session at the ADML Meetups, hosted by the ADGM Academy Research Centre. We extend our heartfelt appreciation to all participants for their valuable contributions, enriching discussions, and unwavering support. As we reflect on the success of this episode, we eagerly anticipate the forthcoming episodes, poised to further delve into the realm of machine learning and its pivotal applications. Stay tuned for updates on our upcoming meetups as we continue our journey of exploration and knowledge dissemination.

#ADGMAResearchCentre #ADML #MachineLearning #AICommunity #AbuDhabi

Abu Dhabi Machine Learning

Nurkhat Kushimov delivers opening remarks at the “Sanctions Training: International and Regional Insights."

Busan Finance Center is happy to announce that the Financial Services Commission of the Republic of Korea has opened the first regular application period for the designation of innovative financial services from June 17 to June 28, 2024 😀

Previously, applications for the designation of innovative financial services were accepted on a rolling basis📄 However, to ensure that applications can be reviewed effectively within the specified period (30 days after receipt, up to a maximum of 120 days if extended), applications will now only be accepted during the pre-announced period 🙂

If companies want to apply for the designation of innovative financial services, please submit your applications on the Financial Regulatory Sandbox website as follows :D

▶ sandbox.fintech.or.kr ➡ "Institutional Application" ➡ "Application Method" ➡ "Innovative Financial Services" ➡ "Apply for Designation of Innovative Financial Services" at the bottom

"Africa's Potential: A Future of Growth and Opportunity" - Bertin Aka, BNP Paribas 🌍

Join Bertin Aka, CIB Head of the Middle East and Africa Delegation at BNP Paribas, and CFC Member since 2013, as he highlights why Casablanca Finance City is pivotal for businesses and expatriates alike. Learn more on our website.

#cfccommunity #whycfc #bridgingopportunities #casablancafinancecity #africa #morocco #casablanca #globalbusiness #investmenthub

With the insights gathered from the Regional Outlook on for Banking and Capital Markets report by #DIFC and LSEG Data & Analytics, the region has become a home to a diverse range of potential investors, including family businesses and wealthy individuals.

The #UAE attracted a record number of High-Net-Worth Individuals (#HNWIs) in 2022, a trend that has continued into 2023. Currently, there are approximately 109,900 resident HNWIs, including 298 centi-millionaires and 20 billionaires. This influx has prompted DIFC's 370 asset managers to strengthen their presence in the emirate.

Download the report here: https://lnkd.in/dyyi5dys #DIFC20 #DIFCxLSEGRegionalOutlook

Several economic sectors are experiencing an acute shortage of labour. The 2024-2025 budget introduces major reforms to address the labour market issues across all sectors of the economy. With measures like lowering the Occupation Permit thresholds, welcoming more foreign expertise, easing regulations for non-citizen retirees and the removal of foreign labour quotas in high-growth sectors, these steps are projected to increase our foreign workforce by 20% and drive a 0.85% GDP growth next year. 👉 Grab your copy of the EDB budget highlights summarizing the important and impactful budget measures: https://lnkd.in/dAwynu2Q

#edbmauritius #nationalbudget #economicempowerment #economicgrowth #mauritius #labourmarket #LabourReforms

Wishing you and your loved ones a blessed Sallah! Eid Al-Adha Mubarak! 🌙✨ From all of us at EnterpriseNGR

We are pleased to announce that all the FinanceMalta 17th Annual Conference Sponsorship packages have been sold! For the first time, the FinanceMalta Annual Conference will be supported by 29 different sponsors.

Additionally, we are excited to introduce our final sponsorship opportunity for the 17th Annual Conference: The Conference Application Sponsor.

💭 Interested in being our 30th sponsor? Send us an email on events@financemalta.org

#FinancialServices #FM17AC

Thank you to all our speakers and guests who attended our roundtable in New York. Within the limited time, we hope we have been able to give a good glance of the changes taking place in Japan and could stimulate thinking on new investment ideas. Thank you for all the great questions and comments from the floor. Some themes discussed include Bill Anawaty on semiconductors as the fundamental key for supply chain resilience, Tetsuharu MINOWA on Japan's GX transition bond bringing Japan's cleantech capabilities and financing to work as two wheels in tandem, Tsuyoshi Otsuka, CFA on how its rules/guidelines are prompting behavioural changes by companies and Murat Aktihanoglu on the progress we are seeing in the startup ecosystem giving rise to some companies who look at the global market from day one. And thank you once again to our great hosts Ahmet Yetis, David Markson and Justine Ciolfi at Evercore.

We look forward to a similar gathering this morning in Toronto. Keiichi Aritomo Yoshiko Yamaguchi Goshin Mizuno

🚀Women conquer the #Investmentmarkt: Better performance and increasing demand for ETFs A recent analysis by ING Germany shows that women are not only increasingly entering the investment market, but are also operating successfully there. In 2023, women will achieve a portfolio performance that is 0.5 percentage points better than men and increasingly prefer #ETFs as an investment product. 🔹 Strong performance: Women achieve a portfolio performance that is 0.5 percentage points better than men in 2023. 🔹 More young female investors: Since 2019, the proportion of women with a portfolio aged 25 to 34 has grown almost twice as fast as the proportion of men. 🔹 Lower volume: Women invest on average 40 percent less than men. 🔹 ETF boom: ETFs are now accounted for by around 70% of the savings plans of women and men. The full analysis can be found here: https://frankfurt-main-finance.com/en/private-investor-analysis-shows-women-on-the-rise/

On June 6, 2024, our FinCrime specialization group gathered for another productive meeting focused on optimizing AML systems and enhancing the competitiveness of the Polish financial sector.

Key topics of discussion included: 🔹 Strategies for improving AML systems in financial institutions. 🔹 Ways to boost innovation and technological advancement in the Polish financial sector. 🔹 The need for better data exchange among AML-regulated entities. 🔹 Addressing the shortage of experts and technological solutions in the field of AML and FinCrime.

The workshops provided valuable insights into the specific needs of companies and institutions in preventing financial crimes. We emphasized the importance of collaboration among financial institutions, regulators, and technology providers.

Together, we are committed to driving innovation and strengthening the Polish financial sector to effectively combat financial crimes.

#FinCrime #AML #FinancialSector #Innovation #Collaboration #PolandFinance #TechInFinance

Pawel Widawski Piotr Brewiński Kasia Jedlińska Zuzanna Krauzowicz Aneta Girdwoyń (Kmoch) Katarzyna Multan Anna Malanowska Pawel Karp Bartosz Segit Maciej Szkopek Accenture Song

Financial Services Development Council is delighted to have hosted a fruitful industry outreach session with the Pan Asia Securities Lending Association (PASLA) today. We were honoured to have the Under Secretary for Financial Services and the Treasury in attendance as well.

Highlighting the very competitive nature of the securities borrowing and lending business, the PASLA shed light on some of the challenges facing the industry. As an association committed to promoting the orderly, efficient, and competitive development of the securities lending market, PASLA places great emphasis on advocacy and market promotion. These values strongly resonate with the FSDC's mission, and we eagerly anticipate continued collaboration with PASLA.

In addition to recognizing the paramount importance of enhancing market liquidity in Hong Kong's capital market, today's outreach session was particularly timely as it coincided with the publication of our paper earlier today, which focuses on enhancing market liquidity and efficiency. Discover more about the paper here: https://lnkd.in/gvV3mDcT

#FSDC #PASLA #SecuritiesLending #MarketLiquidity #FinancialServices #HongKongFinance #CapitalMarkets #MarketEfficiency #IndustryCollaboration #FinancialInnovation #HKFinance #Treasury #MarketInsights #StockTrading Financial Services and the Treasury Bureau (FSTB)

We're flying the flag for Jersey at two events in New York this week🗽 The digitization of real-world assets (RWA) is likely to be a big topic of conversation.

Read our report 👉 https://jsy.fi/3yXkGCT 👈

Philip Pirecki Elliot Refson AYU

#Funds #FundManagers #AlternativeInvestments #CorporateServices #Tokenization #Blockchain #DistributedLedgerTechnology #DigitalAssets #DigitalAssetManagement #RealEstateFunds #PreciousMetals #InvestmentFunds #FamilyOffice #WealthManagement

Green bond issuance in emerging markets surged by 34% in 2023, reaching $135 billion, driven by favorable financial conditions and lower inflation expectations.

Global issuance of green, social, sustainability, and sustainability-linked bonds hit a record $1 trillion. This growth was bolstered by new taxonomies and initiatives in regions like ASEAN, Latin America, and the Caribbean. China led emerging markets with $89.1 billion in green bonds, while other regions saw significant increases, particularly the Middle East and North Africa.

Read more: bit.ly/4bRXzZ9

#GreenBond #SustainableFinance #GreenFinance

Thank you to all the representatives of the Paris Financial Centre for participating in the Paris Europlace #ParisFinanceForum organized on this year's theme of "Finance at the heart of European strategic autonomy". The financial center's European priorities for the 2024-2029 term have been detailed in a document that includes numerous recommendations for the authorities: https://lnkd.in/eJRzEyDw A key point in strengthening Europe's prosperity, with more investment and jobs, is to effectively channel savings to the real economy. Simplify, clarify and explain: there is no need to create additional savings products, but it is better, for willing countries, to allocate everyone's savings capacity to the companies that need it most and that will enable the European Union to succeed in its dual energy and digital transition. Indeed, over a long horizon, for individuals, accepting a share of risk in their choices also means ensuring a better guarantee of return. Thank you to the other panelists Bruno Bezard Carmine Di Noia and Philippe Setbon, as well as the moderator Adrien Paredes-Vanheule for these exchanges! The replay of the #ParisFinanceForum debates is available: 2024 Replay - Paris Finance Forum

In case you missed it, we launched our manifesto for the next government, “Financing Britain’s future”, setting out our key recommendations for the first 100 days and the next five years.

We are calling on the next government to focus on boosting growth through enhanced trade, investment, and regulatory stability.

Read more here: https://lnkd.in/eFNnrKJt

#TheCityUK #Election2024 #UKElection