Financial Center News / 21 August 2023
New Global Webinar Series on Generative AI in Financial Services, in Partnership with NVIDIA
This technological leap in generative AI brings to the forefront the essential task of exploring the specific opportunities and challenges it presents to financial centers and services. To tackle these critical aspects, the World Alliance of International Finance Centers (WAIFC) and NVIDIA are jointly excited to unveil a distinct webinar tailored to illuminate and discuss the challenges.
Opportunities and Risks for Financial Centers and Services
September 26, 2023,?08:30-10:00 BST WEST /?09:30-11:00 CEST?/ 10:30-12:00 AST / 11:30-13:00 GST / 13:30-15:00 ALMT / 15:30-17:00 HKT / 16:30-18:00 JST KST
Speakers:
Abu Dhabi Global Market?(ADGM)
Convened by the?COP28 UAE?Presidency, and hosted at Abu Dhabi Global Market (ADGM), a convergence of world leading economists?and financial leaders from institutions, including?The World Bank, IMF, ECF and IFC, aligned at an?#IHLEG. The meeting?determined steps towards establishing a comprehensive global climate finance framework, ahead of a transformative?#COP28?Summit.
The gathering ignited essential discussions following the momentum of the Bridgetown Initiative and the Paris Summit, to develop the roadmap for the framework, which will address debt distress, particularly in developing economies, and the role of the private sector in increasing financial flows to facilitate the funding gap.
COP28 President-Designate,?Dr. Sultan Al Jaber, issued a resolute call to action to the Forums participants, with a clear mandate to develop ‘a detailed action-orientated framework and tangible recommendations that lead to real results’ as a clear output from the meeting, with an impact that extends to COP30 and beyond, providing a concrete plan of action on international climate finance.
The Astana International Financial Centre (AIFC) had the privilege of hosting an esteemed guest today: H.E. Abdulrahman AlFadley, the Minister of Environment, Water Resources, and Agriculture of the Kingdom of Saudi Arabia.
During his visit, Minister AlFadley was introduced to the multifaceted operations of AIFC. The Centre's team showcased its innovative financial tools and elaborated on the robust financial regulations that are grounded in English law.
Minister AlFadley's visit underscores the strategic importance of the evolving relationship between AIFC and the Kingdom of Saudi Arabia, marking another milestone in the collaborative journey of two states.
Busan Finance Center?(BFC)
Casablanca Finance City?(CFC)
Dubai AI & Web3 Campus?introduces specialised licensing solutions for tech firms looking to scale their business in the region.
The?#AI?&?#Web3?License is a 90 per cent subsidised commercial license for enterprises looking to setup their business in Dubai. The?#DubaiAI?& Web 3.0 Campus will provide world-class physical and digital infrastructure to build and scale tech firms. The licenses will be issued out of?#DIFC?with physical offices and co-working spaces in the Centre’s newly launched?#Innovation?One building. Read more:?https://lnkd.in/dHFhzaz3
EDB Mauritius?(EDB)
Increase in FDI recorded in 2023 Q1
Preliminary Gross Direct Investment flows for the first quarter 2023, published by the Bank of Mauritius were estimated at Rs7,236 million as compared to Rs5,246 million in 2022Q1, representing an increase of 38%. Figures for 2023 Q1 exceeded pre-pandemic levels, triggered by bold policy reforms undertaken by the Government to enhance the economic competitiveness and the ease of doing business in the country as well as the rise in confidence of investors in key sectors. Real Estate remains an important source of FDI for the country, estimated at Rs 4,074million in 2023 Q1and accounted for 56% of the total FDI for the period. A significant increase was also observed in Information and Technology, confirming the economic and strategic interest of the sector. Likewise, Europe accounted for about 47% of the total FDI for the period, an increase of 43% as compared with 2022Q1, with France leading in terms of capital flows.
Episode 58 of the?#FinTalks?podcast is now live! ???
In this episode, we chat with Mr.?Andrea Battista, Chief Executive Officer,?Net Insurance?about the new buzzword ‘Embedded Insurance’.
Stream the?#podcast?now???https://shorturl.at/boG34
On Tuesday, August 29, 2023, we will hold a Global Startup Pitch & Networking Event featuring foreign companies that have established themselves in Tokyo with the aim of creating a decarbonized society. High-profile companies supported by the Tokyo Metropolitan Government will present the latest information.
The sixth company to take the stage is Traydstream, which has built an AI-driven platform to digitize transaction documents. If you are a financial institution or a company that wants to digitize your documents, please come and join us.
For more information, please visit https://lnkd.in/ghCpkMjj
To register, please click here: https://lnkd.in/gn5NUWXh
Frankfurt Main Finance?(FMF)
What the financial industry can contribute to climate change
By Jan Krahnen
领英推荐
Simply dividing them into "green" and "brown" securities is not enough. The financial market can play a key role in the transformation.
Slowing global warming is one of the greatest challenges of our time. In order for this to succeed, massive investments in sustainable forms of energy are required - and some lifestyles have to change. The financial sector is also coming under increasing pressure to make a contribution to this transformation towards a "green" and climate-friendly economy.
But what role can the financial system play? Can “green” investor preferences make a significant contribution? And to what extent does the success of the transformation depend on fundamental legislative work? The answers to these questions are highly controversial.
Mark your calendar!?Join the FSDC Industry Exchange Series?#webinar?on 24 Aug 2023, where we delve into our latest?#research?paper,?"Readiness of Young Talents for Hong Kong's Financial Services."
With Hong Kong's workforce witnessing a 2.4% decrease in 2022, driven in part by the challenges of an aging population and declining birth rates, it’s time to address the changing dynamics.?The younger generation is charting a new course with career aspirations and priorities, with a focus on work-life balance and continuous career development.?Amidst these shifts, the Greater Bay Area offers a stage for financial sector expansion through regional interconnections.
Join us as our distinguished speakers unveil exclusive insights into the evolving workforce landscape, covering challenges and opportunities alike.
#Register?HERE and for more details:?https://lnkd.in/gFeRPzsp
Speakers:
Moderator: Dr?Rocky Tung, Director & Head of Policy Research, FSDC
Following South Africa’s Women’s Day last week, we met with more than one hundred women in finance at our Perspectives: Women in Leadership event, ‘From Meaningful Change to Making an Impact’, in?#SouthAfrica.
This women-only event, led by?Dr Rufaro Nyakatawa, PhD, CFP?, MBA, TEP, Business Development Consultant – Africa, gave a platform to our incredible speakers:?Sindi Mabaso-Koyana, Executive Chairperson at African Women Chartered Accountants (AWCA) Investment Holdings,?Moushmi Patel, Executive Director and Partner at?Sanari Capital,?Tshepiso Kobile, Chief Executive Officer at?Southern African Venture Capital & Private Equity Association (SAVCA), and?Simone Cooper, Head of Business & Commercial Banking at?Standard Bank Group.
During the panel discussion, invited guests heard about how women can contribute towards a sustainable future, and how to make meaningful impact in a leadership position.
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Luxembourg for Finance?(LFF)
Luxembourg is ranked 3rd most inclusive economy in the world, promoting equal opportunities for all. An inclusive economy provides for the free and fair exchange of goods and services while allowing all people to earn a living wage, start and grow a business, save for their family, demonstrate resilience in the face of unexpected events, and plan for retirement.
Qatar Financial Centre?(QFC)
Explore the strategies for overcoming fintech challenges! Swipe left for expert insights by?Aditya Kumar Sinha, Head of Fintech & Digital Innovation at QFC.
Stay tuned for further illuminating perspectives from our distinguished team at?#QFC.
Litmus test for the capital market
A strong capital market is vital for mobilizing capital to support digital transformation, promoting economic growth, and diversifying risks. Especially in current challenging times.?
Strategies to achieve this? To be discussed at this year’s?Handelsblatt?Bankengipfel.
On 21 September, I will join my co-panelists?Frank Niehage, LL.M.?and?Eric Demuth?in analyzing prospects for trading, crypto & co and outlining opportunities to promote security, reliability, and smart regulation in the long run.
As an early mover in the transition to net zero, the UK has an opportunity to generate growth and jobs while strengthening its energy security through investing in low-carbon energy, green technologies and infrastructure.
To ensure the UK remains an attractive market for green investment, the financial and related professional services industry calls on government to take forward action in long-term policy, long-term certainty and nurturing its competitive advantage.
Read more in our paper here: https://www.thecityuk.com/news/attracting-green-investment-and-responding-to-the-us-inflation-reduction-act/
About the WAIFC:
The?World Alliance of International Financial Centers?(WAIFC) is a non-profit association registered in Belgium, representing?29 leading international financial centers on five continents.
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.