Financial Center News #65

#WAIFC Young Academic Award 2024: Winners (3) 🎓

🎉 Regean mugume, Research Analyst at the Economic Policy Research Centre in Uganda, is one of the winners of the #WAIFC Young Academic Award 2024 🏆

His paper, titled "Delivering double wins: How can #Africa’s finance deliver economic growth and renewable energy transition?", delves into a crucial topic for our future. 🌍🔋

Regean’s research highlights that as economies grow, they often prioritize industrialization with fossil fuels, posing a challenge to climate action. 🌱 There is an urgent need to finance a clean energy transition for sustainable growth.

His study investigates how financial development influences the shift to renewable energy across 20 low- and middle-income countries in sub-Saharan Africa. 📊

The results show a positive impact of financial development on renewable energy transition, particularly through financial institutions, rather than markets. Interestingly, this effect is more significant in low-income countries than in middle-income ones.

📲 Please download the entire paper here: https://lnkd.in/eDwv3MWT

#WAIFCYAA #SustainableFinance #CleanEnergy #RenewableEnergy #EconomicGrowth #GreenFinance #ClimateAction #SubSaharanAfrica

What have been our key #milestones, #announcements and #achievements during August? Click below to check our ADGM in a Month: August 2024 edition! Subscribe to our monthly Newsletter, to stay in the know, on all news and updates about ADGM and the ADGM Community ✅

Join us at Astana Finance Days for a discussion on a new partnership between SkyBridge Invest, Lazard Asset Management and Bitfinex Securities at AIFC, enabled by the Astana Financial Services Authority.

For this panel we have convened:

Zamira Sundetova, Member of the Management Board of SkyBridge Invest - Head of the SkyBridge Invest Branch in the AIFC. Zamira has over 15 years of experience in brokerage and investment management. She previously held the position of Deputy CEO at ForteFinance JSC and Tsesna Capital JSC, where she supervised the investment direction (management of proprietary and client assets, trading, analytics).

Matthias Kruse is a Managing Director at Lazard Asset Management LLC responsible for Sales & Client Service at Lazard Asset Management (Deutschland) GmbH. He began working in the investment field in 1989. Prior to joining Lazard in 1999, he was affiliated with SMH Schröder, Münchmeyer, Hengst & Co. and at Deutsche Bank. Matthias has a master’s degree in business administration from the University of Hamburg.

Akshu S Campbell-Holt Campbell-Holt is Vice President at Bitfinex Securities AIFC, a global digital asset issuance and trading platform. She also serves as Head of Member Relations at the World Alliance of International Financial Centers. Prior to this, she was engaged as part of the inception team at Astana International Financial Centre (AIFC).

Yerkegali Yedenbayev is AFSA’s Chief Authorisation and FinTech Officer. He is a professional with over 25 years of experience in financial services regulation and financial services industry on top positions. He had relevant experience in the beginning of his career path when he worked at the National Bank of Kazakhstan in senior positions and at the Agency of the Republic of Kazakhstan on Regulation and Development of Financial Market and Financial Organisations.

Greeting from Busan Finance Center!

On September 2, Luxembourg Stock Exchange visited BIFC 😊

The main agenda items were: - Promotion of Busan as a financial hub and introduction of financial institutions located in BIFC. - Introduction to European Debt Capital Markets and Sustainable Finance Trends.

We extend our gratitude to Carlo Houblie, Commercial Director, Luxembourg Stock Exchange, Nishith Nirav, Head of Business Development, Luxembourg Stock Exchange, for visiting.😍

Luxembourg Stock Exchange Carlo Houblie Nishith Nirav

Introducing the #DIFC App! Experience the entire DIFC in the palm of your hand. From exclusive events to the latest news, unbeatable offers, and top-notch services—it's all here!

Download now via https://lnkd.in/dytwJy3p and stay connected with everything DIFC! 📲✨

Available on Google Play and App Store #DIFCApp

Today, we have the pleasure of hosting Caroline Lacire, a self-taught painter and artist, who is presenting her artwork titled "The Blue Ocean." This acrylic piece on canvas draws inspiration from the regattas in Mahebourg, capturing a beautiful scene of boats beneath a vast blue sky. Caroline shared, "What brought me even more joy was that my painting sold on the very first day of the exhibition." Explore a captivating array of both contemporary works and timeless masterpieces that showcase the brilliance of Mauritian artistry. Join us at the #EDBArtGallery today to witness how art can break barriers and unite communities. 𝗧𝗵𝗲 𝗴𝗮𝗹𝗹𝗲𝗿𝘆 𝗶𝘀 𝗼𝗽𝗲𝗻 𝘁𝗼 𝘃𝗶𝘀𝗶𝘁𝗼𝗿𝘀 𝗳𝗿𝗼𝗺 𝟵𝗮𝗺 𝘁𝗼 𝟱𝗽𝗺 𝗳𝗿𝗼𝗺 𝗠𝗼𝗻𝗱𝗮𝘆 𝘁𝗼 𝗙𝗿𝗶𝗱𝗮𝘆. 👉 A catalogue of the artworks is also available at https://lnkd.in/g8HMw6F2 #edbmauritius #EDBCreative #ArtisLokal #CreativeIndustry #ArtExhibition #MauritianArt #EDBGallery #CulturalHeritage

Introducing the third-panel session for the event "Navigating EU Investment Fund frameworks: Malta's offering".

Register now and join us on the 11th of September in Zürich, Switzerland 👉 https://shorturl.at/GssVj

Panel Session title - Malta's Financial Sector Appeal: Success Stories from Swiss Companies

🗣️ Moderator: Graziella Grech, Chief Operations Officer, FinanceMalta

🗣️ Panellists: Heinz Daxl, Managing Director, Altarius Simon Morgenthaler, Managing Director - Branch Zürich, Swissquote

#FinancialServices #Funds

🔷 The Sultanate of Oman, represented by the capital market and insurance sectors, participates in the Astana Finance Days Conference held in Astana, Republic of Kazakhstan

🔷 This was accompanied by an official delegation headed by H.E. Sheikh Abdullah bin Salem Al Salmi, Chief Executive Officer of the Financial Services Authority, and the membership of senior officials from the Muscat Stock Exchange, Muscat Clearing and Depository Company, Oman Securities Association and Oman Insurance Association.

🔷 On the sidelines of the delegation's participation, the Financial Services Authority and the Astana Financial Services Authority signed a roadmap to activate cooperation between the institutions of the capital market sector in the two countries, in a way that contributes to the development of financial markets and digital assets through the exchange of experiences and discussing areas and opportunities for cooperation and investment.

<JFSA’s Financial Start-up Support Program> The Financial Start-Up Support Program is designed to assist overseas financial companies with establishing an office and expanding business activities in Japan by providing one-stop services in English for free. Support includes providing information, consultation, and assistance regarding the start-up process, such as company registration, obtaining a status of residence, and obtaining the necessary financial licenses to conduct business in Japan.

For more info, please see the file attached & website: https://lnkd.in/grCC8E-5

#FinCityTokyo #investtokyo Financial Services Agency, Japan (JFSA, 金融庁) weConnect

Two new publications were recently published as part of the work of the Net Zero Banking Alliance Germany, presenting key challenges and solutions for a sustainable #financial sector.

The study “An ESG data platform for a successful transformation!?” examines the essential role of reliable ESG data and identifies success factors and obstacles to the implementation of a comprehensive ESG ecosystem. In parallel, “Net Zero Banking in Practice: Climate Change in Banks' Core Business” examines the integration of #climate protection strategies into banking processes and their impact on the ecological footprint of #financial institutions.

The work was also taken up in panel discussions at the #NZBAG summer party at the Frankfurt School of Finance and Management on August 22.

The publications can be found on the website of the Green and Sustainable Finance Cluster Germany e.V. and here: https://brnw.ch/21wMh6p

📣 We proudly announce that Warsaw Finance Week has been granted the patronage of the Minister of Foreign Affairs of the Republic of Poland, Radosław Sikorski. We sincerely thank the Minister for his support and trust. 🌐 Warsaw Finance Week brings together hundreds of guests worldwide for numerous hours of discussion panels, networking meetings, and side events. The event serves as a platform for international cooperation, exchange of experiences, and knowledge sharing. Additionally, it helps reinforce the position of the Polish financial sector both regionally and globally. 🤝 The main event of Warsaw Finance Week is the Future Finance Summit conference, attended by guests from many countries, including ambassadors, representatives of governmental and non-governmental institutions, and global brands. The event will also feature creators of new, breakthrough technological solutions for the financial market and experts from various fields related to finance, banking, and law. We can already confirm the presence of delegations from 🇧🇪 Belgium, 🇨🇿 the Czech Republic, 🇦🇪 the United Arab Emirates, 🇫🇷 France, 🇬🇪 Georgia, 🇱🇹 Lithuania, 🇷🇴 Romania, 🇺🇸 the USA, 🇭🇺 Hungary, 🇮🇹 Italy, and many others! 🙌 Thank you and see you in Warsaw from November 17-20! 🙌 More: https://lnkd.in/g92xqA6U

Ministerstwo Spraw Zagranicznych, Grow with Warsaw, FinTech Poland, Pawel Widawski, Piotr Brewiński, Kasia Jedlińska, Zuzanna Krauzowicz, Katarzyna Multan, Aneta Girdwoyń (Kmoch), Gabriela Mrozek, Anna Malanowska

#WarsawFinanceWeek #FutureFinanceSummit

This week we’re hosting a reception to bring together Dubai-based finance professionals who do business in Africa and those with African connections and interests. The event is also ideal for those interested in the influx of work into the Middle East that now originates from Africa.

Hosted by Faizal Bhana, Jersey Finance’s Director Middle East, Africa and India, since 2019, when we developed these Africa-focussed networking get-togethers in Dubai, these events are an excellent opportunity to meet and exchange experiences with other professionals and businesses with similar Dubai-Africa focussed interests.

Discover more: https://jsy.fi/3X9my42

Today, our CEO Nick Barigye welcomed an IFC delegation comprising Martine Valcin and Zano Mataruka for a courtesy visit. Conversations were focused on potential areas of future collaboration between IFC - International Finance Corporation and Kigali International Financial Centre.

What are the key trends to watch in FinTech in the second half of the year?

According to KPMG, there will be an increased focus on CBDCs and regulated stable coins, continued dominance of AI-driven solutions, and strategic consolidation within the payments sector. Additionally, ESG FinTechs are gaining traction, particularly within areas like carbon measurement and tracking, reflecting a broader trend towards sustainability in financial services.

Read more: bit.ly/3Xl2e0N

#FinTechTrends #CBDC #KPMGInsights #SustainabilityInFinances #FinancialServices

🚀 #Fintech, #Startup: the #FintechForTomorrow Challenge is waiting for you!

Last week to apply for the 7th edition 👉 https://lnkd.in/eEa7xp35

This year again, it will offer the opportunity to three categories of fintechs to compete according to their level of maturity.

🤝 Thank you to our partners and sponsors ⤵️ Climate Finance Fund France Assureurs ADEME Ecolab - Greentech Innovation Act For Impact by BNP Paribas AFG Ailancy BNP Paribas Bpifrance Finance Innovation Finance Montréal France FinTech LBP AM, LIBERTÉ LIVING-LAB Paris&Co platform58 • incubateur fintech SeaBird Impact Techstars WILLA

🥁 The wait is finally over 📢 Major Announcement 📢

🇶🇦 (1 Sep) Today, Qatar Financial Centre (QFC) Authority and Qatar Financial Centre Regulatory Authority (QFCRA) rolled out the new QFC Digital Assets Framework 2024 which is in line with the Qatar Central Bank’s Third Financial Sector Strategy.

🎯The framework aims to establishes comprehensive legal and regulatory foundation for digital assets within the QFC, addressing key areas such as tokenization, smart contracts, and digital asset custody.

🎁 The package published today includes: 1. Digital Asset Regulations - https://lnkd.in/dW6iGeCX 2. Investment Token Rules 2024 - https://lnkd.in/dzkHFTsa 3. Revised Non-Regulated Activities Rules https://lnkd.in/d7Ch-JmB 4. User Guide - https://lnkd.in/d-dQby34 5. Guidelines - https://lnkd.in/dBVVuD7H 🙌 I have merged the documents for your ease of reference below

Our Managing Director, International, Nicola Watkinson (she/her), delivered a keynote speech to kick off the IFN UK Forum 2024 in London. The event focused on key areas such as Islamic capital markets, Islamic FinTech, regulatory frameworks, and green Sukuk. This year’s forum is special as we mark the 10th anniversary of TheCityUK Islamic Finance Advisory Group. The UK’s position as a global leader in Islamic finance continues to strengthen and we look forward to continuing our work and engagement with key stakeholders to showcase a compelling offering to international investors in this area. #IFNUKForum #IslamicFinance #TheCityUK REDmoney