Articles
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The Egmont Group organised a training session on strategic analysis from 23 to 27 October 2017 in Kuala Lumpur, Malaysia.
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On 11 October, an event was held in Munich, Germany, to promote "Destination Monaco." This event was organised by Monaco Tourist and Convention Authority (DTC), and brought together more than a hundred tourism professionals from the Bavarian capital.
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- Category: Living in Monaco
At a press briefing today, the Minister of State and Jean Castellini, Minister of Finance and Economy, gave an overview of the 2018 preliminary Budget (PB).
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On Tuesday, in the presence of the authorities, the Minister of State, Serge Telle, received employees who had been awarded the Monegasque Professional Certification. This certification was instigated by the Prince's Government on the initiative of the Monegasque Association for Financial Activities (AMAF).
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Banks are currently facing a transformation unlike any their sector has ever seen. This phenomenon is rooted in the democratization of the internet, which occurred at the start of the 2000s and picked up pace in 2007 with the arrival of the first smartphone. The banking system needs to reinvent itself to integrate the new business paradigm which is emerging.
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- Category: Living in Monaco
Financial activities are one of the five pillars of Monaco's economy, with almost 116 billion euros in deposits and securities as at 31 March 2017. The sector is thus in good health, providing the state with increasing revenues which, in tandem with a sensible spending policy, has led to a balanced budget, and even a surplus.
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- Category: Legal Environment
Within the framework of Monaco's commitments to the OECD and the European Union, its banks have started making preparations to collect and submit information relating to the accounts of some of their clients, using an internationally accepted standard. At the last "Rendez-Vous Gordon S. Blair", Gilbert Delacour, associate and Managing Director, delivered a progress report on the implementation of the automatic exchange of information in Monaco and related practical requirements for banks.
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The results are just in for the 1st intake of the Bachelor of Business Administration, Monaco Banking & Financial Services option, whose the new formula was introduced in September 2016: 12 out of 14 students passed. This particularly satisfactory outcome encourages the partners to repeat this formula in autumn term 2017. So, 13 candidates from around 20 applications have already been accepted for the coming intake.
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Since 1992, ACI Monaco - The Financial Markets Association has been committed to promoting the founding values which it shares with its worldwide federation. It supports the development of social and business relationships for Monaco-based financial sector workers, and promotes training programmes, and the implementation of best practice for the profession. Through its actions, ACI contributes to the development of the banking and finance sectors in Monaco.
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Convinced that the Monegasque cyberspace, a vector of growth, must be a safe, lasting and reliable space, the Government of Monaco, via the Department of the Interior and the Monegasque Digital Security Agency (AMSN), has organized an information meeting for the Operators of Major Importance (OIV) of the Principality on the cyber risks and the legislative measures envisaged.
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The deputy secretary general of the French Prudential Supervision and Resolution Authority (ACPR), Mr Frédéric Visnovsky, spoke during the recent AMAF business lunch on the theme of the challenges facing the Monaco banking system and the role of the ACPR.
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- Category: Living in Monaco
The Association of Monegasque Financial Activities (AMAF) lies at the heart of the dynamics of the Principality's economy. The AMAF is essential to the development of the banking industry and oversees all the related institutions and companies.
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Filippo Colombo, Deputy Chairman, and Bruno Frateschi, Managing Director, are the two founders of VOLTYLAB "Investments & Partnership". Working with a limited number of partners, with total honesty, independence, and transparency is their company's aim.
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S.E.G.E.M. (Société d'Exploitation et de Gestion des Entrepôts de Monaco - Monaco Freeport) was founded in 2012. Its Deputy Chairman Claude Valion summarises just over four years of operations and the future development strategy.
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- Category: Living in Monaco
During a press conference this morning, Jean Castellini, Minister of Finance and Economy, gave an update on the 2016 fiscal year, as well as presenting once again the main aspects of the preliminary budget for 2017 and talking about the early results of the current year.
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- Category: Living in Monaco
Monaco Telecom launches the first gigabit class LTE commercial network for smartphones supporting this technology. Decisive step moving up to the 5G network, this launch ranks the operator as one of the most high-performant in the world.
