Articles
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- Category: Products and Services
No longer just a possibility, it will soon be a requirement. A European regulation is establishing an internal market for payments in euros, to be in place by February 2014. It is essential for businesses to start mobilising now. Explanations.
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- Category: Other Topics
The Monegasque company Société d’Exploitation et de Gestion des Entrepôts de Monaco (S.E.G.E.M) was created last summer in Fontvieille. Claude Valion, its President, has a very clear objective. He aims to promote Monaco’s art market.
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- Category: Legal Environment
Since February the Financial Action Task Force (FATF) has adopted 40 new recommendations. The aim of this review is to update and strengthen the framework of recommendations in response to the new dangers that threaten the international financial system.
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- Category: Products and Services
ETF stands for “Exchange Traded Fund”, a synonym for “Trackers” or “Listed Index Funds” – financial jargon which doesn’t really give the non-expert a very clear idea of what this is all about! In fact these are continuously-listed funds, traded just like traditional shares through orders to sell or buy, and whose purpose is to reflect as closely as possible the performance of a given index.
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In the present context of an economic and financial crisis, the Kyoto Protocol, the French “Grenelle de l’environnement” and stimulus plans have placed socially responsible investments and the topic of sustainable development to the forefront of the scene.
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Investors on Monaco’s financial market are seeking optimal security for their investments together with the best yield. Today this is a delicate exercise, as it is a case of reconciling what are historically very low monetary rates with an uncertain macroeconomic climate in Europe correlated with public deficits. The one definite vector for growth is that of the emerging countries.
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The Islamic Finance sector has grown by 15% per year over the last ten years and the sums involved in 2010 are estimated to amount to 1,000 billion dollars. Standard and Poor’s estimates that the potential market in this sector could be 2,900 billion dollars. The French legal and tax framework offers an opportunity worth consideration by Monaco’s financial markets.
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- Category: Interviews
Monaco for Finance: dynamic, coordinated promotion for Monaco's financial market
Bernard Rousselot, President of the Monaco Financial Sector Promotion Commission of the Monegasque Financial activities Association, is thoroughly committed to Monaco for Finance. This web site, whose name eloquently describes its function, is not just another site… An interview with a man of passion and conviction.
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- Category: Legal Environment
AMCO, the Association Monégasque des Compliance Officers, was founded in 2000 under the auspices of the Monaco Bankers Association - which has since become the Monegasque Association for Financial Activities (Association Monégasque des Activités Financières - AMAF) - and the Department for Information and Control of Financial Circuits (Service d’Information et de Contrôle sur les Circuits Financiers - SICCFIN). The President of AMAF and the Director of SICCFIN are honorary members.
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A new ambition: “Monaco for Finance”
To show that it genuinely exists, Monaco’s financial market has to be reactive and imaginative. Its promotion should be encouraged by the creation of a label.
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- Category: Legal Environment
Ethics concern more than the money markets. Compliance officers ensure that their banks or management companies offer unimpeachable services. Presentation.
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- Category: Legal Environment
Ensuring compliance with regulations, but also promoting the attractiveness and high quality of the financial market: these are the goals of the Commission.
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- Category: Legal Environment
The Service for Information and Control of Financial Circuits (SICCFIN) was founded 17 years ago, and its missions have been extended by the new law on the fight against money laundering, terrorist financing and corruption, voted in 2009.
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On Thursday 9 June, under the high patronage of H.S.H. the Sovereign Prince, ACI Monaco will celebrate its 20th anniversary at the Hermitage Hotel. An opportunity for the Financial Markets Association to review these two eventful decades, marked by a series of high-level meetings and symposia and the training of future local financial experts.
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- Category: Training
The work of a dozen MBA students should help financial market professionals gain a better understanding of their main competitors so as to make their communication more effective. Analysis of a new and unusual initiative.
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- Category: Training
ITB: a doorway to banking
The Institut Technique de Banque (ITB), present in 25 countries, offers high-level training to develop the skills of technical staff and local managers in retail banking.
