Articles

2012-06-ETF

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.

2012-06-green

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.

2012-06-obligation-convertible

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.

2012-06-finance-islamique

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.

interview-rousselotMonaco 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.

2012 securite-juridiqueAMCO, 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.

BF 2011-2012 p56-enjeu smallA 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.

BF 2011-2012 p72-deontologie smallEthics concern more than the money markets. Compliance officers ensure that their banks or management companies offer unimpeachable services. Presentation.

BF 2011-2012 p70-deontologie smallEnsuring compliance with regulations, but also promoting the attractiveness and high quality of the financial market: these are the goals of the Commission.

BF 2011-2012 p68-legislation smallThe 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.

BF 2011-2012 p66-richesse smallOn 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.

BF 2011-2012 p58-ium smallThe 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.

BF 2011-2012 p54-formation smallITB: 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.

BF 2011-2012 p52-formation smallChanges in the banking sector imply the training of experienced professionals.  A process that can continue throughout their careers.

BF 2011-2012 p40-conciliation smallConciliation, mediation and arbitration in financial disputes

Alternatives modes of settlement of disputes between banks and their clients could be an advantage for the development of the financial market.

BF 2011-2012 p30-gestioncol small

There are nine recognized collective management companies in the Principality, running 65 funds with €5.2 billion under management. A significant “plus” for Monaco’s financial market.