Financial Center News #55

The bi-annual meeting between our members TheCityUK and Frankfurt Main Finance took place under Chatham House rules. Here are some insights:

🚀Policy Highlights: - Good working relationship with the EU, reduced food prices. - Focus on European defense, especially if Trump wins again. - No race to the bottom in regulation. - UK and EU emission trading close ties. - Autumn investment conference to boost UK’s long-term investment appeal.

📲Follow international financial centers’ updates by subscribing to our newsletter: https://lnkd.in/evwjKgJu

✉️Our June 2024 Newsletter is out

🎤VOICE

We had the pleasure of interviewing Pawel Widawski, President of Future Finance Poland. He shared insights on Poland’s objectives in joining #WAIFC, emphasizing the integration of their financial sector with global economic strategies and addressing innovative financial trends. 🇵🇱💡

🗞️NEWS - WAIFC launched the Expert Workshop Series to share best practices among members. The upcoming session, "Data Flows with Trust," features top industry experts. 📈🔍 - Casablanca Finance City hosted an event on business opportunities in Africa, highlighting the benefits for German companies. 🌍🤝 - Financial Services Development Council discussed loan market trends with the Asia Pacific Loan Market Association. 🏦💬 - Busan Finance Center hosted a keynote and strategic meetings with WAIFC’s Managing Director, focusing on digital finance collaborations. 🌐🔑

🚀EVENTS Do not miss these key events: - June 24: WAIFC Expert Workshop: "Data Flows with Trust" (Online) 💻📊 - June 27: TheCityUK Annual Conference 2024 🇬🇧🏛️ - Aug 26-28: Inclusive Fintech Forum 2024 by Kigali International Financial Centre 🇷🇼 💡

🔎DOWNLOADS Explore our latest reports and whitepapers, including topics on women in finance, art in financial centers, and financial inclusion. 📑📚

📲 Read more: https://lnkd.in/eCt5dbcQ

#Finance #Innovation #GlobalEconomy #WAIFC #FinancialCenters

The ADGM Data Protection Office provides guidance on handling data breaches. If a breach occurs, prompt action is required to mitigate risks to individuals. Data Controllers must document breaches, while Data Processors should inform their respective Controllers.

Learn more about Personal Data breaches here:

🔗 https://lnkd.in/dvCArfug

#ADGM #DataProtection #DataBreach #RiskMitigation #DataControllers #DataProcessors #Guidance #DataSecurity #PrivacyProtection #InformationSecurity #Compliance #DataManagement #BreachResponse

We're thrilled to share the success of the AIFC Table Tennis Tournament held from June 17 to June 27, 2024 🏓, conducted during lunchtime. This event brought together 24 enthusiastic participants from across the AIFC bodies: AIX, AFSA, and AIFC Authority.

The tournament was a fantastic opportunity for colleagues to connect, compete, and showcase their table tennis skills. The level of talent and sportsmanship displayed was truly inspiring.

Congratulations to the finalists: 🏅 Abay Ospanov 🏅 Azamat Turabayev 🏅 Almas Ospanov

A special congratulations to Almas Ospanov, Head of General Services at AIFC Authority, for winning the championship 🏆. His remarkable performance and determination led him to a well-deserved victory.

We also want to thank all the participants for their enthusiasm and dedication, making this tournament a memorable event. Your participation highlights the vibrant and engaging community at AIFC.

Looking forward to more such events that bring our community together and celebrate our diverse talents. Stay tuned for more exciting activities at AIFC! 🎉

🌍 "Making a Global Impact Starts in Africa" - Patrick Dupoux, BCG 🌍

Discover why Patrick Dupoux, Managing Director & Senior Partner at BCG and Head of BCG Africa, believes that Casablanca Finance City (CFC) is the privileged hub for growing business in Africa.

🔗 Discover more about CFC on our website.

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

The Incorporated Cell Company (ICC) is a corporate structure comprising a core company with individual cells, each operating as a distinct entity with its assets, liabilities, and operations.

The ability to segregate assets and liabilities under separate legal entities (cells) allows fund platforms to benefit from enhanced risk management, and optimised governance structuring. This also allows for the allocation of funds utilizing different investment strategies or fundraising via different investor types all under one ICC Structure.

Watch the video for more and get in touch with us at setup@difc.ae. #20YearsofGrowth #DIFC204 #DIFC20

Minister Bholah promotes Mauritius as a safe, competitive, trusted financial centre

A webinar on "Exploring economic opportunities across Africa-The Mauritius International Finance Centre (IFC), a risk mitigating and efficiency platform", was held, today, at the Financial Services Commission in Ebène, at the initiative of Osidan, the Standard Chartered Bank Mauritius, and the Economic Development Board (EDB).

The Minister of Financial Services Commission and Good Governance, Mr Soomilduth Bholah; the Director of Financial Services Sector at the Economic Development Board of Mauritius, Mr Vinay Guddye; the Managing Director at Osidan, Mr Sayyad Boodhun; the Country Head Commercial Corporate and Institutional Banking at Standard Chartered Bank Mauritius, Mr Rajnish Aubeeluck Aubeeluck; and the Senior Manager at Osidan, Mrs Pamela Torul, participated in the webinar.

In his intervention, Minister Bholah identified Mauritius as a nation having forged a reputation as a safe, trusted, and competitive financial centre supported by strong institutional arrangements and good governance. The country, he highlighted, is poised to enhance its role as the ideal business and investment hub for Africa and a key enabler for driving quality investment into the continent.

He indicated that Africa’s GDP has the potential to increase from USD 2 trillion to USD 29 trillion by 2060. The African continent has around 65% of the uncultivated, rich and fertile arable land to feed the world and with boundless opportunities for solar, hydro, and geothermal energy sources, the continent stands at the forefront of global sustainability efforts, he stated.

The Minister added that Africa’s population is set to rise to over 2 billion people by 2050, consumer spending will reach USD 2.5 trillion by 2030, while business-to-business investments will reach over USD 3.5 trillion in the same period.

FinanceMalta's Chief Operations Officer Ms Graziella Grech recently attended Bracket Group's highly informative session on the latest developments of their innovative platform. The session provided valuable insights into cutting-edge advancements, followed by a delightful drinks reception that offered great networking opportunities.

We always take great pleasure in participating in events organised by our members and it's exciting to witness the growing interest from foreign companies in #Malta, highlighting our country's increasing appeal as a financial hub.

#FinancialServices

JIAM will host its fourth art and finance event on the evening of July 2.

Arts are the hot topic for business but we could not find the exact value of this in the finance world. Thanks to WAIFC, FinCity.Tokyo and JIAM recently organised a survey of art related activities at the global financial hubs in the world. Art and Finance Vol.4 is to learn what kind of activities global financial hubs are carrying out and we will then discuss the meaning/values of the arts/artists to the Global Financial Hubs.

Thank you to Busan Finance Center and the EnterpriseNGR team for speaking!

#Newsletter | Find the latest news from the financial centre Frankfurt here 👇

⚽UEFA EURO 2024 is here! Visit the Fan Zone on the banks of the River Main, watch the matches on giant screens and enjoy a variety of cultural and culinary events. 🎧 Tune in to Mein Finanzplatz episode #35 with Sven Schumann from Deutsche Börse to discuss economic education and stock market participation in Germany. 💶 Discover the impact of the digital euro on banking. Learn about the ECB's plans and how this new digital currency could change the financial landscape of the Eurozone.

💡Read the May issue here: https://lnkd.in/ePg4d3_S

Sign up today! 🇬🇧 https://bit.ly/FMFnews 🇩🇪 https://bit.ly/FMFnews-ger

📣 Stay tuned and sign up for our newsletter! We are getting ready to launch the upcoming Future Finance Poland newsletter 🙂 If you still need to subscribe, this is your great opportunity to do so and receive the first update about our activities.

🚀 Get ready to stay updated on the latest developments within the Future Finance Poland initiative! The newsletter will cover recent activities, FFP specializations, regulatory discussions, and upcoming talent support and education talks.

🌐 To subscribe to the newsletter, simply visit the Future Finance Poland website, where you can register at the very bottom of the page. Click to stay updated with all the essential information from the Polish and international finance sector world!

👉 https://lnkd.in/daRdEks9

Pawel Widawski, Piotr Brewiński, Kasia Jedlińska, Zuzanna Krauzowicz, Aneta Girdwoyń (Kmoch), Gabriela Mrozek, Katarzyna Multan, Anna Malanowska

After months of hard work and a change in the direction of research, we are publishing this paper, "Embracing #DigitalID: Accelerating Digital #Transformation in Hong Kong's #FinancialServices Industry", tomorrow.

In today's fast-paced world, technology is reshaping how we do business. With our commitment to the #Web3 industry and #smartcity initiatives, #HongKong has shown its strategic embrace of digital innovation.

Looking ahead, we at the Financial Services Development Council believe digital identity systems can revolutionise the financial services industry. Join our webinar tomorrow to see the immense benefits of #iAMSmart for individuals and financial institutions alike! Learn how to harness its power for functions such as #onboarding, #KYC, #claims, and many more.

Sign up here: https://lnkd.in/g9Dike8k

King | Wivinia | Joyce | Kendrew | Erica | Jessie | Mickey | Rena

Roundtable Event: Setting Up a Financial Services Company in Saudi Arabia

We are honoured to partner with the Saudi British Joint Business Council (SBJBC) to host a roundtable at our joint event focussed on the Kingdom of Saudi Arabia on 17 July in London.

Led by Faizal Bhana, Jersey Finance’s Director – Middle East, Africa and India, guests at the roundtable event will hear a range of Saudi experts, including Saudi Government representatives, who will provide in-depth knowledge for professionals aiming to establish a foothold in the Kingdom’s financial sector.

The roundtable aims to foster discussion and debate and provide attendees with valuable insights into the process of setting up a financial services firm in the Kingdom.

This event is highly recommended for representatives from professional services advisory firms, banks, corporate services providers and fund administrators doing business or looking to do business in Saudi.

If you would like more information, please contact our events team: events@jerseyfinance.je

📢We are hiring for a KIFC Fund Expert! Inviting interested candidates to apply by reading the job description below and sending applications to hr@rfl.rw by 30th July 2024.

World Alliance of International Financial Centers (WAIFC) AVCA - The African Private Capital Association ABAN East Africa Private Equity & Venture Capital Association (EAVCA) CFA Society East Africa Ministry of Foreign Affairs and International Cooperation, Republic of Rwanda

My last working day at Luxembourg for Finance is spent with the fabulous team and my successor Tom Théobald as our yearly away day this time visiting the beautiful North of Luxembourg and in particular the impressive Family of Man exhibition in Clervaux. Thank you all for your great work and for 11 unforgettable years! My last working day at Luxembourg for Finance is spent with the fabulous team and my successor Tom Théobald as our yearly away day this time visiting the beautiful North of Luxembourg and in particular the impressive Family of Man exhibition in Clervaux. Thank you all for your great work and for 11 unforgettable years!

📢 Paris Europlace publishes a guide to shareholder dialogue that aims to support issuers and investors in the expectations and results that each can expect in terms of information sharing.

The attractiveness of a market also depends on the ability of companies to respond to investors' requests, and on the willingness of investors to properly assess the companies' strategy and the environment in which they operate.

"It is important for the Paris financial centre that companies and investors exchange in a climate of loyalty and as much as possible mutual trust. The quality of these relationships contributes to the attractiveness of our ecosystem. The approach to the subject by identifying good practices is the most relevant way to contribute to this" Augustin de Romanet, President of Paris Europlace "The aim of this Guide is to strengthen exchanges between companies and their shareholders, or even to appease them if it can be useful. It is a collection of proposals and actions observed by both companies and their shareholders. A good way to bring interests and expectations closer together is to share solutions that have been implemented effectively and successfully. michel prada, Chair of the Working Group

Group photo with Excellencies PM of Qatar and Minister of Trade & Industry ending a successful one day strategic dialogue between Qatar and Spain.

What a fantastic event! Our Annual Conference 2024, sponsored by Fidelity International, brought together over 300 senior practitioners from the financial and related professional services industry, stakeholders and media to discuss some of the most pressing challenges and opportunities for growth and competitiveness.

Also sponsored by Citadel Securities, DLA Piper, The Depository Trust & Clearing Corporation (DTCC), Guernsey Finance and RepRisk, delegates heard from an impressive line-up of speakers, including our Board Chair, Anne Richards DBE, who delivered a thought-provoking keynote speech and led an insightful conversation with Rt Hon The Lord Mark Sedwill GCMG.

Our three excellent panels also sparked engaging discussions on investing in sustainable growth, the evolution of the UK’s regulatory landscape, and harnessing new technologies and innovation.

We were also thrilled to have Bloomberg News Radio and Caroline Hepker broadcast their flagship morning show, Bloomberg Daybreak Europe, live from the conference.

Thank you to all our sponsors, speakers and delegates who joined us in London and online.

All sessions will be available shortly on our website.

Miles Celic | Sandra Boss | Andy Briggs MBE | Emmanuelle Bury-Lucas | Mark Dwyer | Chris Hayward | Katharine Braddick | Katherine Jane | Charles Randell | Donna Rix | Suchitra Nair | Nagendraprasad Chandrasheker | Michalis Sotiropoulos | Maryse Gordon | Elena Strbac | James Woolcock