Articles
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- Category: Products and Services
Impact investing is one of the fastest-growing investment approaches to make our economies more sustainable. It offers opportunities that are not only socially and environmentally beneficial but that can also be financially rewarding.
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The offices and brands of Société de Banque Monaco (SDBM) and Société Générale in Monaco will soon merge to create a new leading player from January 2023, as Nicolas FEIT, CEO of Société Générale Private Banking, and Marc SALLÉ DE CHOU, Managing Director of Société de Banque Monaco, explain.
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- Category: Living in Monaco
In March 2021, the Government Councillor - Minister of Finance and the Economy, Mr Jean Castellini, launched the "Monaco Finance Durable" initiative. This was to echo a whole series of actions carried out in the Principality in terms of the environment and sustainable economy. This initiative was characterized on Wednesday by the first "Monaco Finance Durable" forum which took place at the Novotel, in the presence of entities and innovative companies from the Monegasque marketplace.
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As both private and institutional investors increasingly seek to incorporate social and environmental criteria into their financial decisions, Impact Investing has grown considerably in recent years. At the end of 2020, the global market was estimated at USD 715 billion, with growth of around 42% year-on-year.
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- Category: Living in Monaco
The digital economy is growing rapidly in Monaco. Frédéric GENTA, the Country Chief Officer for Attractiveness and the Digital Transition, explains the link between digital technology and attractiveness to promote the Principality’s development…
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- Category: Living in Monaco
2021 will be remembered for the turbulence caused by COVID-19 and the increased efforts to safeguard Monaco’s economy. How did the banking sector respond? We hear from Etienne FRANZI, President of the Monaco Association for Financial Activities.
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Mr Jean CASTELLINI, Minister of Economy and Finance, offers a review of 2021 and the first quarter of 2022, covering the COVID crisis, the Expo in Dubai and the conflict between Russia and Ukraine, among other things... Monaco’s financial sector is holding up and striving determinedly to be a responsible industry.
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From 9 to 11 November 2022, the Principality of Monaco participated in the 15th plenary meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes of the Organisation for Economic Co-operation and Development (OECD) which was held in Seville (Spain). It brought together high-level international organizations and delegates from more than 100 member jurisdictions. The Principality was represented by Mrs. Laura GREENWOOD-REPIQUET, Mr. Romain BUGNICOURT and Mr. Pierre-Jean DOUVIER from the Department of Finance and Economy.
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In October 2013, the desire to create a sustainable finance mechanism for marine protected areas (MPAs) in the Mediterranean was expressed through a joint initiative by France, the Principality of Monaco and Tunisia. In December 2015, four founding members – the Principality of Monaco, the French Republic, the Republic of Tunisia and the Prince Albert II Foundation – created a specific entity dedicated to this type of financing: the MedFund.
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The health crisis has reinforced the deep awareness of the impact of human activities on the environment. The war in Ukraine has undeniably accelerated this trend. It is one of those historical events that will reshape geopolitics, societies and markets. This awareness is unanimous and reinforces the need to ensure financial profitability while having a measurable and positive social and environmental impact.
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- Category: Legal Environment
The Budget and Treasury Department, in collaboration with the Digital Services Department launches a new website https://geldefonds.gouv.mc/.
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On 9th November last, the Monaco Association of Financial Activities (AMAF) launched the new annual edition of its magazine Monaco For Finance, a tool to promote the attractiveness of the financial centre.
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The branch of Banque Populaire Méditerranée in Monaco (BPMED) is in full evolution; it wishes to support its clients on the path traced by the Principality: a dynamic green finance and a development supported by digital technology. Interview with Mr. Régis ETIENNE, Director of BPMED in Monaco.
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The Secretary General of the Commission de Contrôle des Activités Financières, Magali Vercesi, attended the annual Congress of the International Organisation of Securities Commissions (IOSCO) from 17 to 19 October.
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Mr. Jean Castellini, Government Counsellor and Minister of Finance and Economy, participated in the 8th Ministerial Meeting of the Coalition of Finance Ministers for Climate Action via video conference. Organized in the framework of the annual meeting of the International Monetary Fund (IMF), it was held on Wednesday, October 12 in Washington.
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During the FORUM of French-speaking FIUs which took place in Rabat, SICCFIN Monaco was represented by Mr Eric BERGESI, Head of the Investigation Unit, and Mr Michel HUNAULT, Director, here with his French and Canadian counterparts, in the presence of the Minister of Finance of the Government of the Kingdom of Morocco, Mrs. Nadia Fettah Alaoui.
