Financial Center News / 04 October 2024
WAIFC
?? The #WAIFC September 2024 edition is out, and it's filled with must-read insights and updates ???? Discover our exclusive interviews:
?? Tom Théobald, the new CEO of Luxembourg for Finance, talks about enhancing collaboration among financial centers to boost access to high-quality financial services and drive the green transition. ???? He also emphasizes the importance of talent development, aligning with Luxembourg’s role in the #EU financial ecosystem. ??
?? Key Opinions:
- Thomas Krantz reflects on the 80th anniversary of Bretton Woods, noting the need for stronger institutions to tackle modern challenges like climate change and cyber risks. ???
- Josh Galper, Finadium, addresses the talent gap in securities finance, urging the industry to attract young talent in the face of new technologies like AI. ??????
- Janos Müller highlights the crucial role of international financial associations in navigating the evolving global landscape, especially with initiatives like One Belt One Road and the rise of regional financial centers. ??
???WAIFC News:
WAIFC has joined the Global Capacity Building Coalition (GCBC), a group launched by Mike Bloomberg to support emerging markets in sustainable finance. ??
Upcoming Events:
- AFSIC 2024: A key event for African investment opportunities in London from October 7 to 9. ????
- Women in Leadership 2024: Hosted by Jersey Finance in Doha on October 8, focusing on the journey to leadership for women in finance. ??????
- Future Sustainability Forum 2024: Hosted by DIFC on December 4-5, exploring sustainable finance and climate action. ????
??Read the newsletter and register for free to receive the newest updates: https://lnkd.in/eWZz8sFT
?? WAIFC extends its heartfelt congratulations to Oliver Behrens on being elected the new President of Frankfurt Main Finance ??
With an extensive career that has seen him lead major institutions in the financial world, including his role as Chairman of the Supervisory Board of DWS Group, the asset management arm of Deutsche Bank, and his recent appointment as CEO of flatexDEGIRO, Oliver's journey has been nothing short of extraordinary. His vast experience and visionary leadership make him the perfect fit to lead Frankfurt Main Finance during these dynamic times for global finance.
We are confident that Frankfurt Main Finance will continue strengthening its position as a key international financial center and drive collaboration among global financial centers. ??
Once again, congratulations ??
??NEW #WAIFC WHITE PAPER ??
The World Alliance of International Financial Centers (WAIFC) just published a new white paper: “Crafting the Digital #Sustainability Reporting Ecosystem.” ??
This groundbreaking whitepaper explores how international collaboration and innovative digital solutions can enhance the quality and accessibility of sustainability data, empowering stakeholders globally to adopt sustainable practices. ??The vision? A future where financial, sustainability, and climate-related data flows seamlessly through open data exchange standards. ???? The paper outlines key recommendations for International Financial Centers (#IFCs) to adopt digital tools, drive sustainability reporting, and reduce the data divide, ensuring a unified approach for all institutions.
Big thanks to our amazing contributors: ?
? Liv Watson, Senior Advisor on Digitization, Capitals Coalition ?
? Catherine Atkin, Climate Data Policy Initiative Co-chair CodeX, The Stanford Center for Legal Informatics ?
? Anand Padmanabhan, Board Member at XBRL International ?
? Mark Gough, CEO of Capitals Coalition ?
? Dr. Jochen Biedermann, Managing Director at WAIFC
This white paper would not have been possible without the qualitative partnership with Capitals Coalition. ????
??Read the news article: https://lnkd.in/epsA-b_8
??Read the white paper (for free): https://lnkd.in/e3M898rg
#sustainability #digitaltransformation #finance #collaboration #WAIFC #datainnovation #greenfinance ??
Abu Dhabi Global Market?(ADGM)
In partnership with eFinancialCareers, we invite you to connect with a global talent pool of 10,000 skilled candidates at the ADGM Virtual Career Fair 2024 on Thursday, 10 October 2024. This is an exclusive opportunity for the ADGM business community to access an international pool of experienced talent, showcase job opportunities, and engage with potential candidates.
Register your interest here: https://lnkd.in/dyRGKFJW
Astana International Financial Centre?(AIFC)
?? In this insightful interview, we sit down with Yaseen Anwar, Chairman of the Green Investment Principles, to discuss the future of sustainable finance in Central Asia. He shares his insights on the region's challenges and opportunities, how sustainable finance can support rapid economic growth, and the policies needed to promote these practices. Mr Anwar also highlights the role of the private sector and financial institutions driving sustainable finance and suggests key incentives to encourage participation.
Watch the full interview via the link: https://lnkd.in/dtTY5cC2
Busan Finance Center?(BFC)
At “GFCI36 Global Financial Centers Index Launching Symposium” in Busan, Jochen Biedermann, Managing Director of WAIFC, delivered a congratulatory message emphasizing the vision of the World Alliance of International Financial Centers and the critical importance of developing financial centers.
He particularly highlighted the need for talent development and international collaboration, while expressing optimism about Busan's promising future as a global financial hub.
We would like to express our deep appreciation to Jochen Biedermann for his insightful message. We look forward to ongoing collaboration and development as Busan continues to grow as a global financial hub.
Casablanca Finance City?(CFC)
CFCA engaged with global leaders and international financial institutions on solutions to bridge the green finance gap. Our discussions focused on the role of carbon markets and the importance of capacity-building efforts in accelerating the transition to a sustainable future.
Climate Group World Alliance of International Financial Centers (WAIFC) Global Capacity Building Coalition (GCBC) Xpansiv Moody's Gold Standard Bloomberg The Nest Climate Campus
Dubai International Financial Centre?(DIFC)
Dubai AI Campus and Kearney have announced strategic partnership to enhance #AI advisory services. The agreement was signed at the Dubai AI & Web3 Festival aiming to empower #businesses with advanced AI capabilities and enabled insights to drive transformative growth and competitive advantage in a rapidly evolving market. ?
Click here to read more about the partnership: https://lnkd.in/dpt5nr_c
In picture (left to right): Mauricio Zuazua, Middle East & Africa Region Chair, Kearney Middle East and Africa; Arif Amiri, Chief Executive Officer, DIFC Authority
Economic Development Board Mauritius?(EDB)
Through resilience, proactive reforms, and a commitment to responsible growth, Mauritius has not only transformed its own economy but has also become a key player in facilitating global investments. By staying adaptive, transparent, and committed to best practices, Mauritius has ensured its place as a trusted and preferred jurisdiction for fund managers, DFIs, global investors, and companies seeking opportunities in the world’s most dynamic markets.
Click ?? to learn more
EnterpriseNGR
Happy 64th Independence Day!
FinanceMalta
We are pleased to announce that earlier this month, FinanceMalta surpassed the milestone of 10,000 followers on LinkedIn ????
This achievement reflects the growing interest and engagement within our community, and we would like to express our sincere gratitude to all our members for their continued support. Your engagement reinforces our commitment to promoting #Malta as a leading international financial services center.
Financial Services Authority Oman (FSA)
?? A delegation from the Bundesbank visits the Financial Services Authority to enhance cooperation and exchange of experiences in common areas.
FinCity.Tokyo
<Why Tokyo①> ?
Institutional Investment becomes more Diversified. From 2009 to 2023, foreign/global bonds increased by 18% and alternative investments increased by 18.6%, indicating diversification by Japanese institutional asset owners.
Frankfurt Main Finance?(FMF)
#Newsletter | Catch up on the latest news from the financial center Frankfurt here ?? ?
?? Frankfurt on the Upswing: Frankfurt has jumped 3 places in the Global Financial Centres Index, securing the 10th spot globally - making it the only Continental European city in the top ten! ?
? Uniting Eintracht Frankfurt and the Financial Centre: The relationship between Eintracht Frankfurt and the city's banks has flourished under Axel Hellmann’s leadership, benefiting both sides significantly. ?
?? FMF Food for Thought Webinar with Olivier Boutellis-Taft: Accountancy Europe’s CEO tackles traditional risk management strategies, addressing the increasing environmental disruptions. ?
?? CFS Index: Despite varied performance, financial service providers report strong Q2 sales, while institutions continue to grow their workforce. ?
?? Read the September issue here: https://lnkd.in/e8wUb5hQ
Sign up today! ???? https://lnkd.in/eUDisvuj ???? https://lnkd.in/ehgnCA-h
Future Finance Poland
?? Zaczynamy Financial Crime Fighters 24 - Polish Edition!??
AMLYZE, PwC Legal Polska, Skaleet, Alior Bank SA, Accenture, ftl, zondacrypto, Mastercard, PKO Bank Polski Pawel Widawski, Piotr Brewiński, Kasia Jedlińska, Katarzyna Multan, Gabriela Mrozek, Aneta Girdwoyń (Kmoch), Zuzanna Krauzowicz
Hong Kong Financial Services Development Council?(FSDC)
#FSDC is delighted to have conducted an exchange dialogue with The Hong Kong Institute of Certified Public Accountants (HKICPA) today, with appreciation for the participation of Mr Joseph HL Chan, JP, USFST of the HKSAR government. ?
This dialogue focused on advancing #HK’s position as a leading #InternationalFinancialCentre by addressing emerging trends and challenges in the #accounting sector, emphasizing the importance of advocacy and research in shaping effective policies that foster growth and stability. Leveraging the profession’s insights and expertise in financial reporting and governance can enhance the overall efficiency and effectiveness of our financial ecosystem. The FSDC is committed to fostering #collaboration with industry partners like HKICPA, as we work together to shape a resilient and dynamic financial landscape for Hong Kong.
Laurence Li SC, Damien Green, King Au, Edward Au, Stephen C K LAW, Margaret Chan, Frank Lam, Barry Tong, Nicolas Cheng #FSDC #HKICPA #Accountants #FinancialServices #ProfessionalServices #IndustryCollaboration Financial Services and the Treasury Bureau (FSTB)
Jersey Finance
?? Join Our Board!
Our Board of Directors plays a vital role in guiding Jersey Finance to ensure Jersey’s position as a leading international finance center. We are currently seeking a Non-Executive Director to join us in shaping the future of our industry.
??? Applications close on Friday, 4 October. If you have the experience and passion to contribute to our success, we’d love to hear from you.
For more details and to apply, please visit https://jsy.fi/3BuFfrw
Kigali International Financial Centre?(KIFC)
Today, the Ministry of Finance and Economic Planning in partnership with the Embassy of Luxembourg convened a Partners Meeting and the second Steering Committee Meeting for the Luxembourg Development Agency (LuxDev) Project in support of the development of the Kigali International Financial Centre (RWA/024).
Spanning over five years (2024-2029), the project aims to leverage Luxembourg’s financial expertise to support Rwanda in building a competitive financial services sector.
The Steering Committee today,?approved the Annual Plan for the remainder of 2024 and the calendar year 2025.
Luxembourg for Finance?(LFF)
This weekend, two of our LFF colleagues, Sara Pereira and Aurélie Zambeaux, took part in the L?tz Go Gold run, joining many others in Luxembourg’s fight against childhood cancer. We are proud to back this incredible initiative, which raises vital funds for life-saving research and a brighter future for young patients. Let’s continue to stand together and make a real difference!
If you would like to make a donation, click on this link: shorturl.at/i7ruq
?
Paris EUROPLACE
?? #???????????????????????????? ???????? ?? ???????????????????????? ???? ?????? ????????!
We are excited to announce the 2024 edition of??????????? ??????????????????, the unique European Infrastructure Network. Under the high patronage of the Ministère de l'économie, des Finances et de l'Industrie, this event will bring together the most influential global leaders in????????????????????????????? ??????????????????. This year, we’ll be focusing on a key topic: "???????????????????????????? ?????????????? ???????????? ??????????????????????????????" ??
??????????? ???? ???? ???????????????? ?????? ???? ???????????for the grand opening of the 2024 edition. ?
Register here??? https://lnkd.in/ecgzy5-d
Ministère de l’économie, des Finances et de la Souveraineté industrielle et numérique Direction générale du Trésor (French Treasury) FIN INFRA Groupe ADP Aquila Capital BlackRock Crédit Agricole CIB Meridiam Orrick, Herrington & Sutcliffe LLP Société Générale Standard Chartered #infrastructure #decarbonization #ParisInfraweek #sustainability #globalfinance
Qatar Financial Centre?(QFC)
We were pleased to participate in the press conference for the launch of the 2nd Qatar Real Estate Forum, scheduled for October 13-15 at the Doha Exhibition and Convention Center. Yousef Fakhroo, our Chief Marketing and Corporate Communication Officer, signed the sponsorship agreement, highlighting QFC's commitment to this important initiative. ?? ?
The forum aims to foster innovation and strategic collaborations within Qatar’s real estate sector, capitalizing on the country’s robust economy and growing influence inglobal markets. This year’s agenda focuses on enhancing transparency, accelerating digital transformation and aligning with global best practices to bolster investor trust and streamline transactions. ?
Stuttgart Financial
Fintogether becomes a Finance Accelerator! ??
In the next few days, you will find out what exactly this transformation means and what we will offer for start-ups in the future. Only this much: We have big plans ??
TheCityUK
It was a pleasure to welcome Paul Chan, Hong Kong’s Financial Secretary, for a highly engaging and insightful discussion on Hong Kong’s economic future and growth opportunities in areas such as digital assets, fintech, and sustainable development. The conversation was chaired by our CEO, Miles Celic.
Thank you, Luanne Lim and HSBC, for hosting.
#TheCityUK Financial Services and the Treasury Bureau (FSTB) | Gilford LAW | Nicola Watkinson (she/her) | Zhouchen Mao, PhD | Qiuyu Chen
About me:
Managing Director of the World Alliance of International Financial Centers
Managing Partner of FinTech Consult, a network of FinTech experts in Asia, Europe, and Africa supporting FinTechs in expanding globally
Non-Executive Director of Eastnets, a global provider of compliance and payment solutions for the financial services sector
Expert at the Sino-German Center for Finance and Economics in Frankfurt
Fellow of the Think Tank of the Asian Financial Cooperation Association
Founding Board Member of the International Digital Economies Association
Mentor at Cyberport in Hong Kong, OneEleven in Toronto, the Plug and Play Tech Center, the Accelerator Frankfurt, and 1000 Black Voices
Advisory Board member of a number of FinTech companies
About the WAIFC:
The?World Alliance of International Financial Centers?(WAIFC) is a non-profit association registered in Belgium representing?28 leading international financial centers globally.
WAIFC members are city governments, associations, and similar institutions developing and promoting their financial centers.
WAIFC facilitates cooperation between its members, the exchange of best practices, and communication with the general public.