Financial Center News #57

🎬 Did you miss the #ParisFinanceForum 2024 organized by our member Paris Europlace ? Watch the replays for an in-depth look at the panels.

📌 "Will Europe have the financial means for its ecological ambitions?" 📌 "Digital assets and Deeptech: Is Europe ready for innovation?"

📲 https://lnkd.in/g-4k6eeH https://lnkd.in/gaEcwBSZ

✨ Please read this insightful article about the impact of cultural investments, highlighted through a personal experience at the Tanglewood Music & Arts Festival in Lenox, Massachusetts. The author's reflection on the economic and societal benefits of supporting the arts is truly inspiring.

🇯🇵📅 This resonates strongly with our ongoing Art & Finance project. As part of this initiative, we will be in Tokyo on October 15th for a special Art & Finance session at KABLE.

Our collaboration with FinCity.Tokyo (東京国際金融機構) aims to accelerate the topic, demonstrating the global importance of integrating art and finance.

#ArtAndFinance #CulturalInvestment #FinCityTokyo

https://lnkd.in/eZSBuY6m

ADGM FSRA's Policy & Legal Division hosted a pivotal Legislative Update Session, highlighting projects from the past year and outlining future initiatives, from newly published regulations to upcoming consultation papers, we explored key focus areas for the year ahead. Lawrence Paramasivam, Senior Executive Director, Policy & Legal at ADGM also spoke about updates on projects conducted over the past 12 months, as well as current and future initiatives.

#ADGM #FSRA #PolicyUpdate #LegalUpdate #Legislation #FutureInitiatives #Regulations #ConsultationPapers #ExecutiveDirector #LawrenceParamasivam #PolicyAndLegal #ADGMLegislation #FinancialRegulations #ADGMFSRA #LawUpdate #FinancialServices #RegulatoryFramework

Participating in Astana Finance Days is a unique opportunity for business people and financial professionals. Why should you attend? Networking: Expand your network of business contacts and find new partners and clients. Insights: Gain valuable insights and a deep understanding of current trends and challenges in the financial industry. Opportunities: Discover new opportunities for collaboration and business development. Investments: Find promising investment projects and learn about the best ways to invest capital. Sustainability: Learn more about approaches to sustainable development and financing in business. Trends: Stay updated on trends and innovations that will help you stay ahead of the competition. Don't miss the chance to be a part of this important event! Astana Finance Days 2024: Innovate. Invest. Impact 🗓️ September 5-6, 2024

We are pleased to announce the recent developments in sustainable finance in South Korea.

The South Korean government has signed an agreement to contribute $300 million to the UN Green Climate Fund (GCF) and announced an additional $7 million contribution to the UNFCCC's Loss and Damage Fund. This initiative aims to support developing countries in responding to climate change.

✔South Korea's Contributions to the GCF: 2014-2018 : $100 million during the initial replenishment period 2020-2023 : $200 million during the first replenishment period 2024-2027: planned contribution of $300 million to support countries vulnerable to climate change.

The government has emphasized South Korea's ongoing commitment to the GCF, with an initial disbursement of $35 million scheduled for the third quarter. Both the GCF and UNFCCC have expressed their gratitude for South Korea's contributions.

We hope that Korea’s contribution can inspire other members to increase further voluntary contributions.

✔Background information: *The GCF is the largest climate change-related fund established under the UNFCCC to support developing countries in responding to climate change. *The 'Loss and Damage Fund' was officially launched under the UNFCCC at the 28th Conference of the Parties (COP28) last year It aims to support both the economic and non-economic losses and damages suffered by developing countries due to climate change.

We look forward to continuing our efforts in promoting sustainable finance and contributing to global climate resilience.

As a CFC member since 2017, Pharma5 is highly committed to ESG (environmental, social, and governance).

Discover 3 key initiatives undertaken by this leading pharmaceutical group to enhance their sustainability performance in carbon footprint reduction, gender equality, and waste reduction strategies.

Stay tuned to learn more about sustainability at CFC.

Big thanks to Pharma 5 Officiel & Ayoub Fennich, Najlaa EL KHALIDY and Fatine Ounza for their enlightening output !

#CFC_Green #CasablancaFinanceCity #CFC #Sustainability #CFCPartners

DIFC Innovation Hub in collaboration with PwC Middle East hosted an event titled 'Shaping the future of AI governance: Navigating regulatory frameworks, ethics and accountability.' The event opened with welcome remarks from Nasser Belhabala, Senior Manager - Community & Ecosystem Development at DIFC Innovation Hub where he emphasized the complexity of AI in several sectors and the growing need of responsible development and deployment for it.

The welcome remarks was followed by a very engaging keynote session by Richard Chudzynski, Legal Middle East Data Protection and Privacy Leader at PwC Middle East, and Aben P., Senior Manager at PwC Middle East.

Later, a thought-provoking panel discussion took center stage with three industry leaders: Lori Baker, Vice President - Data Protection (for DIFC Commissioner) & Regulatory Compliance at DIFC, Richard Chudzynski, Legal Middle East Data Protection and Privacy Leader at PwC Middle East and Aben P., Senior Manager at PwC Middle East which was moderated by Steve Gotz, Head of Business at DIFC Innovation Hub. The panel explored the current landscape of AI governance, including the evolving regulatory environment, critical ethical considerations, and establishing clear accountability mechanisms. They addressed both challenges and opportunities that lie ahead in this rapidly developing field.

#difcinnovationhub #difc #uae #dubai #pwcmiddleeast #aiinlaw #aiingovernance

Are you interested in the innovation sector in Mauritius?

Mauritius hosts a vibrant ecosystem allowing companies to create, test and export innovative solutions to Africa and beyond while supporting connections between a growing community of start-ups, investors, and incubators.

Companies can tap on a diverse pool of talent, state-of-the-art infrastructure, modern and investor-friendly legal & regulatory framework, attractive grants, funding, incentives, and assistance to grow their businesses.

Mauritius has established innovation hubs and incubators to support startups and small businesses. For instance, the Mauritius Research and Innovation Council (MRIC) operates the incubator "La Turbine" which provides infrastructure, mentoring, and networking opportunities. The government promotes skills development in innovative sectors through initiatives like the Human Resource Development Council (HRDC), which funds training programs in ICT, biotechnology, and other high-tech fields.

Schemes and Incentives collectively aim to create a conducive environment for innovation-driven enterprises, attract foreign investment, and nurture local talent in Mauritius. Learn more - https://lnkd.in/d2ks_Dug

Let us guide you through your investment journey : 📨contact@edbmauritius.org

What a night! FinanceMalta hosted its second exclusive event for its members on the 10th of July 2024. With over 200 delegates in attendance, the evening was filled with pleasant surprises and unforgettable moments.

A recap of what happened during "Sunset Soirée – The FinanceMalta Members Gathering" sponsored by Moneybase and Calamatta Cuschieri: 😎 The highlight of the evening was the unveiling of the brand-new look of the FinanceMalta website: financemalta.org 🚀 FinanceMalta launched its 17th Annual Conference titled "Empowering Financial Services" in collaboration with BRND WGN and supported by 30 sponsors. ✅ We also launched the microsite for the FinanceMalta 17th Annual Conference: https://lnkd.in/gi_Bat8t

Stay tuned to our social media pages and our brand-new website for updates on the FinanceMalta 17th Annual Conference! 📢

#FinancialServices #FM17AC

🌟Announcement🌟 We are very happy to announce that the city of Sapporo has joined us as a supporting member! 🙌✨

We look forward to contributing to the functions of Japan's international financial centre through new projects and events together with the people of Sapporo.

#SapporoCity #SupportingMember #InternationalFinancialCenter

🌟https://lnkd.in/gin6QgJw

📊 # China's financial markets are embracing ESG! According to a new Bloomberg survey of over 150 Chinese market participants from banking, insurance, securities and technology, #ESG is playing an increasingly important role in investment strategies. 🌱📈 🔍 The following possible challenges were mentioned: • 62% of respondents struggle with the quality and scope of ESG data. • 35% have difficulty connecting ESG data with existing company data. • 31% find managing multiple ESG data sources challenging. Patricia Torres, Global Head of Sustainable Finance Solutions at Bloomberg, emphasizes the growing importance of ESG data: "The demand for high-quality ESG data is growing rapidly. There is an increasing synergy between investor requirements and regulatory requirements. Companies that build the ability to integrate ESG data into their investment decisions and manage it efficiently will make a positive difference. ESG will thus play an increasingly important role in Chinese financial markets and have a lasting impact on their development."

👉 The full Bloomberg survey can be found here: https://frankfurt-main-finance.com/en/bloomberg-survey-shows-chinese-firms-embedding-esg-into-investment-strategies/

🚀 We are moving into the next phase of work for the FinCrime specialization! During the remote meeting, we discussed the initiatives developed at the last workshops – their goals, planned scope, and proposed outcomes. Also, the roadmap for the coming months was presented.

📣 We warmly encourage you to participate in the specialization initiatives. Please let us know your interest by the end of August: info@futurefinancepoland.com.

Read more: 👉 https://lnkd.in/dSBu_Upq

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

#FSDC is delighted to have hosted a fruitful exchange with a delegation from Thailand Association of Provident Funds (AOP) today. We were honoured to have Mr Joseph HL Chan, JP, the Under Secretary for Financial Services and the Treasury in attendance to share the core competitiveness of Hong Kong as an #InternationalFinancialCentre as well.

The discussion provided valuable insights into the latest developments in Thailand's pension and #AssetManagement landscape. It covered the structure of Thailand's pension system, asset allocation trends, and emerging areas of interest for Thai provident funds.

This exchange aligned with our strategic priority of building global partnerships and enhancing connectivity with financial markets worldwide. #FSDC remains committed to fostering productive dialogues and looks forward to exploring potential areas of mutual interest and collaboration between Hong Kong and Thailand.

#FSDC #AOP #ThailandPensionSystem #ThailandPVD #ProvidentFund #RetirementSchemes #Investment #FinancialServices #FinancialIndustryDevelopments

Financial Services and the Treasury Bureau (FSTB) Roongkiat Ratanabanchuen

🌟 Exciting week ahead at our Jersey office!

Our global Market Development team are joining us in Jersey for an enriching week of collaboration and connection. In an era where digital communication is the norm, we’re taking a step back to appreciate the irreplaceable value of face-to-face interactions. This week is all about strengthening team bonds, engaging with our colleagues on a personal level, and building lasting relationships. To end the week, we’ll be stepping out of the office for an afternoon of fun team activities, and a bit of healthy competition! 🏆

Meet and connect with our Jersey Finance team 👉 https://jsy.fi/4cucGIE #GlobalTeam #Community #JerseyFinance

DTOS, a KIFC club member, is hosting an interactive training session on international tax principles as well as the roles and challenges of financial centres from July 23-24, 2024. Don't miss this opportunity!

Register here https://lnkd.in/guizfvM5

In Q2 2024, European private equity deal value surged by 27.3%, says PitchBook.

This growth was driven by monetary easing, including a rate cut by the Europäische Zentralbank. Exit activity also increased significantly, with a 90.3% rise in value, largely due to several high-profile IPOs. Fundraising remained strong, with notable megafund closures, despite longer fundraising timelines.

Read more about it here: bit.ly/4byGYbR

#PrivateEquity #EuropeanMarket #EUPrivateEquity #PitchbookData #EconomicGrowth

🎬 #Replays of #ParisFinanceForum 2024!

📌 "CSRD, SFDR, SRI label...: will standards be enough to decarbonize the European economy?"

📌 "Can we convert European savers to risk-taking?" https://lnkd.in/gdyzf2RK https://lnkd.in/gtCQvYpD

Sessions that brought together:

Bruno Bezard, Partner, Cathay Capital

Carmine Di Noia, Director for Financial and Enterprise Affairs, OECD - OCDE

Philippe Setbon, Chairman, French Asset Management Association (AFG ), Chief Executive Officer, Natixis Investment Managers

Olivier Vigna, Deputy General Delegate, Paris Europlace

Adrien Paredes-Vanheule, Journalist, L'AGEFI

Patrick de Cambourg, Chair, EFRAG Sustainability Reporting Board

Julien Carmona, President, Crédit Mutuel

Arkéa Michèle Pappalardo, Chairperson, Label ISR Committee

Perrier Yves, Chairman of the Board of Directors, Edmond de Rothschild, Chairman, Institut de la finance durable

David Vaillant, Head of Global Finance, Strategy and Investments, BNP Paribas Asset Management

Alexandre Rajbhandari, Finance Reporter, Bloomberg News

#cybersécurité #blockchain #ISR #financedurable

We were honored to host H.E. Ashraf Khodjaev, the Ambassador of Uzbekistan to Qatar, on his inaugural visit to the Qatar Financial Centre.

Our discussion marked the beginning of an engaging dialogue aimed at uncovering potential collaborative ventures. This meeting represents a significant step towards fortifying the relationship between Uzbekistan and Qatar.

🚀 We will be there: Startup VentureCon 2024 in Ulm! 🚀

We are very excited to be at Startup VentureCon 2024 in Ulm and to award a prize of 500€ for the best pitching startup!

Startup VentureCon 2024 promises to be an evening full of innovation, networking and inspiring startup pitches.

As a highlight of the Ulm region, this event brings together investors, startups and networkers and offers a platform for exciting ideas and new partnerships.

📅 When? 16 July 2024 📍 Where? Universal Ulm 🎟 Tickets: www.svcon-ulm.de (29 €, incl. food & drinks)

What can you expect? - Inspiring keynote by Thomas Hoffmeister, co-founder of Startup Angels - 60-second pitches from 11 innovative startups - Networking: You will also get exclusive insights into the new Universal Ulm before the official opening and can fortify yourself with a delicious BBQ.

We are looking forward to inspiring encounters, innovative ideas and the opportunity to support the best pitching startup with our prize of 500€. Be there and experience an unforgettable evening full of opportunities and new contacts.

#StartupVentureCon2024 #Innovation #Startups #Investoren #Ulm

Marco Neidhart Kati Nayeri Dr. Philipp Veit Paul Dörflinger Béla Wendling Sarah Garpiel Mireia Mauri Jan Hendrik Merlin Reichenbacher Nazmie Sabani

In response to the Financial Conduct Authority's new listing rules announced today, our CEO Miles Celic said:

“The FCA’s listing rules reforms are a positive step forward. A more accessible and effective listing regime will enhance the UK’s status as a competitive listing destination and spur investment in economic growth.

“As ever, ensuring these reforms are effectively implemented, monitored, and measured will be key. Industry looks forward to continuing its close cooperation with the FCA and government on these reforms to ensure that the UK remains the market of choice for listings, investments and business growth.” The full statement is also available on our website: https://lnkd.in/gpT_-7Mr

#TheCityUK