Articles
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- Category: Living in Monaco
In the run-up to the festive season, CMB Monaco has decided to launch a vast operation to collect donations to support a Monegasque association dedicated to children. True to its values, Monaco's historic banking institution, which is concerned about the socially responsible dimension, especially at a time when the most vulnerable need support, sent an awareness letter to thousands of private and corporate contacts. It also mobilised all of its employees as part of an internal competition to donate a significant part of the costs associated with CMB Monaco's daily activities.
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- Category: Legal Environment
On the effort to prevent money laundering, SICCFIN (Service d’Information et de Contrôle sur les Circuits Financiers) has been very busy with the MONEYVAL National Risk Assessment and the fallout from the conflict between Russia and Ukraine. We talk to Michel HUNAULT, the Director-General of the Principality’s anti-money laundering authority.
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- Category: Legal Environment
Law 1.515 of 23rd December 2021, resulting from Bill 1.035 and amending law 1.338 of 7th September 2007 on financial activities in the Principality, came into force on 7th January 2022.
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- Category: Living in Monaco
The renewal of the partnership with the Oceanographic Institute of Monaco demonstrates CFM Indosuez Wealth Management's desire to strengthen its commitment to protecting the oceans. Within the framework of this partnership, the Oceanographic Institute will continue to provide CFM Indosuez with its expertise in terms of blue economy and blue finance, in connection with the major challenges facing the oceans. The bank's clients will benefit from dedicated conferences and private visits to the Oceanographic Museum, and its employees will be able to take part in the projects carried out by the Oceanographic Institute as part of solidarity days.
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- Category: Legal Environment
The last months have been marked by a new law modifying and dusting off the law 1338 on financial activities voted in 2007. Magali VERCESI, Secretary General of the CCAF, details its effects.
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- Category: Legal Environment
Jérémy GENIN, Chief Investment Officer of Monaco Asset Management, discussed the monetisation of Metaverse at the META ENTERTAINMENT WORLD Summit in Monaco. The associations NFT, Blockchains, Cryptos and Meta World, not always relevant, blur the lines.
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- Category: Products and Services
Impact investing, which has long been a niche segment confined to private equity, continues to gain ground – which is good news. This type of strategy is focused on companies that are committed to tackling the major environmental and societal challenges. The need to find solutions becomes more pressing with each day. The second piece of good news is that the more this issue becomes an established part of portfolios, the wider the range of opportunities grows, on both public and private markets.
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Digital transformation, optimization of e-commerce... the challenges of digitalization in the banking sector are not only technical, but also organizational and human. The Caisse d'Épargne has taken up the challenge. A cross-examination with Ms. Aurélie TRESPEUCH, Director of the Digital Academy at the Caisse d'Épargne Côte d'Azur, and Mr. Loïc CHOLLET-VERGÉ, Director of the Caisse d'Épargne Côte d'Azur branch in Monaco.
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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 impact of Covid-19 on the digitalization of the banking sector has been decisive, both in Monaco and beyond, and for many an unexpected "crash course" in digitalization.
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- Category: Products and Services
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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- Category: Products and Services
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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- Category: Living in Monaco
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.
