Co-operation is the key to success

How Frankfurt can extend its role as the leading financial centre of the European Union. Ten points by Gerhard Wiesheu, President of Frankfurt Main Finance


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Metzler-Partner Wiesheu elected new President of Frankfurt Main Finance

The Executive Committee of Frankfurt Main Finance elected Gerhard Wiesheu as President of the financial centre initiative for the next two years. Mr Wiesheu, aged 58, succeeds Dr Lutz Raettig who, after twelve successful years in office, is resigning from the management of Frankfurt Main Finance and becoming Honorary President.


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Goldman Sachs provides insights into the world of investors

Every week, Goldman Sachs presents an interview with one of the world’s leading investors about investment philosophy, the principles behind their success, and how they are approaching an investment landscape that has been fundamentally changed by the pandemic and its consequences. The series is moderated by Alison Mass, Chairman of the Investment Banking Division of Goldman Sachs, and Katie Koch, Co-Head of Fundamental Equity at Goldman Sachs Asset Management.

In the latest episode, for example, CIO of Soros Fund Management Dawn Fitzpatrick discusses how the pandemic has affected her investment outlook, why she has accelerated her focus on ESG, and what she believes distinguishes a good investor from a major one. You can follow the entire episode on the Goldman Sachs website.

In an episode released on September 18th, Warburg Pincus CEO Chip Kaye discusses why he believes the “who” is as important as the “what” in investing and how life in Asia has influenced his career as an investor.

An overview of all episodes published so far can be found here.

 

We are looking forward to further exciting insights and are already looking forward to the new episodes!

 

Source: Goldman Sachs.

Photo: Adeolu Eletu via Unsplash.

Morgan Stanley: Net-Zero Financed Emissions by 2050

Morgan Stanley announced a new commitment to reach net-zero financed emissions by 2050. The Firm joins many of its clients in this strategic goal and is committed to providing financing, expertise and thought leadership to support the transition to a low-carbon world.

“Climate change is one of the most complex and interconnected issues of our time,” said Audrey Choi, Chief Sustainability Officer at Morgan Stanley. “Morgan Stanley believes we have an important role to play in facilitating the transition to a low carbon future, and we are proud to embark on this journey.”

A critical challenge to achieving this goal is the lack of standardized tools and methodologies around measuring and disclosing financed emissions. Morgan Stanley is also committing to taking a leadership role in developing the tools and methodologies needed to measure and manage our carbon-related activities in appropriate ways. As part of that effort, the Firm recently joined the Steering Committee of the Partnership for Carbon Accounting Financials (PCAF) and will seek to play a leadership role in capacity building. Once consistent, robust and comparable metrics and methodologies are available, the Firm will set its initial financed emissions reduction targets while continuing to help find solutions for its clients.

“Morgan Stanley has been a leader in sustainable finance since we founded our Global Sustainable Finance Group over a decade ago,” said Matthew Slovik, Head of Global Sustainable Finance at Morgan Stanley. “This is the next major evolution of our efforts as we continue to integrate the potential risks and opportunities of climate change into our core business.”

To learn more about sustainability at Morgan Stanley, please see here.

 

Image: Alexas Fotos/Pixabay

Nomura partners with Stakeholders

Nomura partners with Stakeholders to drive Sustainability

Nomura Holdings issued the Nomura Report 2020, an integrated version of the firm’s Annual Report and Citizenship Report. This year’s report focuses on the firm’s strategies for realizing its 2025 management vision.

As part of its vision to achieve sustainable growth by helping resolve social issues, which was announced in 2025. Nomura has created the concept of “Drive Sustainability.” to express its commitment to actively promote ESG and SDGs. It also introduces the firm’s approach to sustainable finance leveraging Nomura’s collective expertise and strengths, as well as consistent and effective disclosures aligned with the TCFDirecommendations.

Nomura partners with Stakeholders to drive Sustainability

“Drive Sustainability.” was created to enhance communication of the firm’s ESG and SDG initiatives to a wide range of stakeholders. Leveraging the strong relationships it has built, Nomura also aims to bring together the knowledge and expertise gained through its business with the strengths of various stakeholders to build a more sustainable world.

Read Nomura’s full news release about Drive Sustainability: Nomura to Partner with Stakeholders to Drive Sustainability

Find the Nomura’s Report 2020 here.


Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, they service the needs of individuals, institutions, corporates and governments through our four business divisions: Retail, Asset Management, Wholesale (Global Markets, Investment Banking and International Wealth Management) and Merchant Banking.

Find more about Nomura’s Business Activities and CSR here.

 

Text by Nomura
Pictury by 95C / Pixabay

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Financial firms adapt to a new digital environment
BCG: Books to read during the COVID-19 Pandemic

Financial Firms Covid-19

Financial firms adapt to a new digital environment

According to a report by Broadridge Financial Solutions, financial firms faced a need for technology transformation even before the pandemic. A digital transformation would as regulate cost pressures, increase competition and shift customer expectations acted as catalysts for change. Now, in the wake of a global shutdown, record unemployment and social restrictions, they are revising their plans to adapt to a new digital-first environment. Almost all are turning to next-gen technologies to address the complexity ushered in by the global crisis. This study takes the pulse of the market today: where financial firms are, where they are going and how they will adapt to a new digital environment to get there.

Many executives see short-term cost reductions as inevitable. However, most expect their businesses to recover soon. As they adjust to new priorities and opportunities, they are accelerating their plans to implement next-gen technologies and the underlying data and analytics that power them.

Firms are optimistic about the road ahead
For some firms, “recovery” may mark a relative return to pre-COVID-19 conditions. However, for many, financial firms are accelerating to adapt to a new digital environment. Adjusting to remote working conditions is the obvious change, but there’s a broader focus on technology transformation. Organizations that seize upon next-gen technology opportunities may widen their competitive advantage.

Find Broadridge’s full survey here.

About the study:
This Pulse Survey, completed June 1, 2020, is based on research commissioned by Broadridge. It surveyed the views of 500 global C-suite executives and direct reports from buy side and sell side financial institutions.

Broadridge began as the brokerage services division of ADP in 1962. Since becoming independent in 2007, they have grown into a global Fintech company with over $4.5 billion in revenues and are recognised as an invaluable partner for the world’s leading companies and financial institutions.


Picture by PixxlTeufel / Pixabay
Text by Broadridge

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SWIFT announces a new strategy for instant, frictionless payments and securities processing
Eurex to launch next generation of ESG derivatives

 

SWIFT announces a new strategy for instant, frictionless payments and securities processing

Over the next two years and beyond, SWIFT will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a new strategy approved by its Board to enable the world’s financial institutions to deliver instant and frictionless end-to-end transactions.

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Brussels applauds crypto-regulation

EU sets a foundation for financial market digitalisation

The EU Commission wants to support financial market digitalisation with a comprehensive regulatory package. Yesterday, authorities in Brussels presented proposals for the handling of crypto-currencies and increased cyber-security in the financial sector. They also introduced a new payment services strategy. So-called Stablecoins like Facebook’s Libra are to be subjected to strict rules.

“We should take a proactive approach to digital transformation,” stressed EU Commission Vice-President Valdis Dombrovskis.

The digital single market for financial services is also of crucial importance for Europe’s economic recovery.

The financial sector responded positively to the Commission’s proposals. Andreas Krautscheid, Chief Executive of the Association of German Banks (BdB), spoke of “unmistakable, clear signals for Libra and co.” Regulation of digital currency is long overdue. “It is about Europe’s digital currency sovereignty.” Federal Minister of Finance Olaf Scholz (SPD) announced that the digitalisation package and new action plan for the Capital Market Union, also presented yesterday, will be on the agenda at the next meeting of EU finance ministers in early October.

“With these proposals, we can promote innovation in the financial sector so that Europe sets standards worldwide.”

According to Philipp Sandner, Head of the Blockchain Centre at Frankfurt School of Finance & Management, the EU’s crypto proposals successfully set a broad and comprehensive set of standards. In an interview with Börsen-Zeitung, Sandner said that the proposal would cover about 95% of existing crypto-assets currently by market capitalisation and 85% by amount.

To deepen the Capital Market Union, the EU Commission announced an action plan with 16 measures with implementation beginning in 2021. “We have 27 national capital markets that are not fully developed and integrated,” Dombrovskis complained in Brussels. The measures include a review of current regulatory requirements, more robust investment protection, harmonisation of insolvency rules and the creation of a single access point for company data.

 

Source: Börsen-Zeitung, 25 September 2020, Andreas Heitker, © All rights reserved.

Image: Gerd Altmann/Pixabay

CEINEX Quarterly No. 4: China Capital Markets Access

Despite the global geopolitical tensions as well as the global Covid-19 pandemic China’s integration in global economy is continuing as before or even more. Especially the integration in the global capital markets is picking up speed. This goes both ways, with more and more barriers being put aside by the Chinese regulators for international financial services firms to enter its market as well as an increasing number of Chinese firms opening offices and branches in Europe and the US. This is a strong signal that the challenges in other terrains can also be solved by cooperation and that all sides involved eventually are still looking to do so.

In the run-up to the China-Europe Financial Summit on Tuesday (20 October 2020), CEINEX has recruited some outstanding authors to present their views on topics of the Chinese capital markets for the CEINEX Quarterly Newsletter: for example, the rapid changes in the Chinese asset management industry.

Further highlights are:

  • Convergence in China: Opportunities for institutional investors by Peter Reynolds, Managing Partner, Head of Greater China, Oliver Wyman, Hong Kong; Kai Keller, Initiative Lead, World Economic Forum, Beijing; Adrian Low, Engagement Manager, Oliver Wyman, Hong Kong
  • M&A Investing in China – Five things to be aware of by Frank Niu, Dentons China
  • Towards a Mutual Beneficial Investment Agreement between the EU and China by Horst Löchel, Professor of Economics and Co-Chairman of the Sino-German Center at Frankfurt School of Finance & Management
  • North Asia leads the recovery in Emerging Markets by Sean Taylor, APAC Chief Investment Officer, DWS, Hong Kong
  • Fintech in China by Thomas Heck, Partner PwC, Head of China Business Group in Germany and Europe & Sebastian Sohn, Senior Manager Financial Services (Singapore) at PwC South East Asia Consulting

Download the Newsletter as a PDF here.


About CEINEX

China Europe International Exchange AG (CEINEX) is a joint venture established by Shanghai Stock Exchange (SSE), Deutsche Börse Group (DBAG), and China Financial Futures Exchange (CFFEX). It is the first dedicated trading venue for China- and RMB-related investment products outside of mainland China and considered a strategic project between China and Germany.

 

Text and Image: © CEINEX 2020

Finance & Banking Summit and Big Data & AI World Frankfurt

Finance & Banking Summit

The Finance & Banking Summit – taking place on 27 October 2020 – is an interactive 1-day digital event, which consists of inspirational keynotes, case-study based presentations and fiery panel discussions. This event will create an unparalleled learning opportunity for data teams, offering providers an opportunity to connect and engage with the UK’s most senior banking & finance decision makers, as well as with our APAC & EMEA communities of data experts.

It’s clear that things are now shifting and there’s a desire to get digital transformation projects back on track.  With that comes the need to connect with new and existing providers, as well as accessing ideas and information needed to design, build and manage technology architecture. The Finance & Banking Summit delivers an inspirational conference programme from sector experts, offers sponsors, exhibitors & visitors one unmissable day of free education, networking, lead generation and industry insight.

The virtual summit is free for all working in digital, IT, AI & Machine Learning within or on the Finance & Banking Industry.

Finance & Banking Summit will be held virtually on October 27th 2020: 10:00 – 17:00.

Register here


Big Data & AI World Frankfurt

From data management to data integration, from machine learning and AI to analytics, Big Data & AI World in association with BARC is a world-class event that delivers more features, information, products and services than ever before – whilst focusing on what really matters for you and your business.

You will enjoy free education from various expert speakers covering all the key big data and AI topics. Furthermore, there will be thousands of your peers, offering you a valuable time of networking and idea-sharing. You’ll also be able to meet face-to-face virtually with market-leading data solution providers, offering you the services and solutions you’re looking for.

Big Data & AI World Frankfurt will be held virtually on the platform Swapcard on November 11th and 12th 2020.

11. November, 2020: 09:00 – 17:00
12.  November 2020: 09:00 – 17:00

Register here

 

Image: Gerd Altmann/Pixabay