Articles
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Risk versus performance... The risk of a portfolio or investment is often contrasted with its performance. Either you have low risk and low performance, or you accept higher risk in the hope of higher performance. For most managers, risk is a constraint that limits portfolio performance. But this is not necessarily the case.
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- Category: Vision 2024
Robert LAURE, Vice-Chairman of Julius Baer Wealth Management Monaco, is now Chairman of the Association Monégasque des Activités Financières (AMAF), which held its first General Meeting on January 22. Which team for which projects? We asked him a few questions.
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- Category: Legal Environment
Laws No 1.449 and 1.550 of 14 July 2023 and 10 August 2023 respectively on anti-money laundering, applicable to companies as well as foundations and associations, gave rise to new duties, the scope of which will be laid down in sovereign ordinances to be adopted.
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- Category: Vision 2024
Nicolas FEIT, CEO Société Générale Private Banking Monaco & SG Monaco, heads up a universal bank combining private banking, corporate banking and retail banking. Recently appointed Chairman of the Commission de Promotion de la Place (Monaco Promotion Commission), he talks to us about his initial mission within the Association Monégasque des Activités Financières (AMAF).
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- Category: Legal Environment
Act No. 1,549, which came into force on 6 July 2023, amends Act No. 1,362 of 3 August 2009, the legislative cornerstone of the fight against money laundering, terrorist financing, and the proliferation of weapons of mass destruction in Monaco (“AML-CFT”).
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- Category: Legal Environment
Six years after the implementation of Automatic Exchange of Information (AEoI) in Monaco, the processes related to this regulation now appear to be well mastered, both on the side of authorities and Monegasque financial institutions. The latest peer review conducted on Monaco reveals that not only is the legal framework "in place," but the effectiveness of practical implementation is also "on track". The results of this evaluation confirms Monaco's deep commitment to tax transparency and reflect significant efforts made in this field since 2009 with the signing of the first bilateral exchange of information agreements.
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- Category: Living in Monaco
The AMCO has more than 200 members from 12 different industries. They include banks, management firms, TCSPs and MFOs, lawyers and legal advisors, certified accountants, estate agents, yacht brokers, sports agents, insurers, casinos, and consultants. We spoke to Emmanuel MONTIGAUD, President of the AMCO and Chief Compliance Officer at BNP Paribas Monaco.
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All life on earth is sustained by its biodiversity, yet it is increasingly under threat from human activity. In every corner of the globe biodiversity is being altered – research shows that only around three percent of our land can be considered “faunally intact”, meaning it has healthy populations of all its original animals , and an estimated one million animal(1) and plant species are threatened with extinction(2).
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- Category: Vision 2024
As Chief Market Strategist, Julien Lafargue is responsible for the investment outlook at Barclays Private Bank. Prior to this, Julien Lafargue was Head of Equity Strategy for Advisory Business at Barclays Private Bank, which he joined in January 2019. Prior to that, he spent 11 years at J.P. Morgan Private Bank as Equity Strategist for the EMEA region.
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- Category: Products and Services
As Vision 2030 looms, private banking faces challenges from regulators, evolving regulations, and global uncertainties. Boutique private banks offer strategic advantages through agility, adaptability, and prompt client-centric responses.
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As a financial stakeholder, we have a big part to play in ensuring capital is channelled towards more virtuous solutions.
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On Tuesday January 23, 2024, the Association Monégasque des Compliance Officers (AMCO) dedicated a morning to the Fight against Money Laundering, Terrorist Financing and Corruption (LCB/FT-P-C) at the Novotel Monte-Carlo, followed by its Annual General Meeting.
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- Category: Vision 2024
Mathilde Lemoine (Ph.D) is Edmond de Rothschild's Group Chief Economist and a member of the Group Investment Committee. She also draws up strategic development plans and supports the Group's major clients. We met her at the annual "Investment Strategy" conference organized by Edmond de Rothschild Monaco.
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- Category: Living in Monaco
Sophie Thevenoux, Ambassador, Special Adviser for European Economic and Financial Affairs, has been appointed Director of the AMSF. She will take up her duties on January 29 at the head of this independent administrative authority, recently created to replace SICCFIN, in order to continue the fight against money laundering, the financing of terrorism, the proliferation of weapons of mass destruction and corruption.
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- Category: Living in Monaco
While there is no irrefutable proof in individual cases that investor engagement is what convinces a company to provide impact data, there is no doubt that collective efforts to encourage it, especially the CDP’s annual drive, do have an effect.
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The world is currently witnessing a series of extreme weather events, from heat waves to wildfires including devastating floods. In addition to the tragic loss of life, it is now vital to understand the economic impacts of these disasters. Long-term investors need to rethink their asset valuation models, often obsolete. Climate risks encompass the planning and effectiveness of climate policies, the extent of physical risks, as well the potential impact of future climatic factors on certain industries and businesses. The combination of these factors can lead to greater frequency of unpredictable market shocks.
