Monacos Financial Marketplace 1 - December 2014 - Association
Mongasque des Activits Financires M ONACO A SSOCIATION FOR F
INANCIAL A CTIVITIES Slide 2 Monacos financial marketplace is
specialised in private banking. 2 52 portfolio or mutual fund
management companies The marketplace comprises : 34 banks Slide 3
Banking is a key component of the Principalitys economy. 3 Its
direct contribution is close to 20 % With the indirect
contribution, the total is close to 30 % Slide 4 The financial
marketplace is : 4 Prosperous International Professional
Internationally recognized Secure Clean Slide 5 The financial
marketplace is prosperous. 5 It manages more than 110 billion in
resources - 102 booked in the Principality - 10 booked abroad
Resources have nearly doubled in the past ten years. Slide 6 The
pace of progress of outstanding loans remains very dynamic. 6 Slide
7 7 Slide 8 8 Comparative growth of deposits and securities
portfolios in billion The financial marketplace is professional.
Slide 9 9 Monaco offers the full range of private banking products
and services including those for : Portfolio management Mutual
funds Trading Rooms All investment vehicles It provides customized
service for the most demanding clientele. It is currently enforcing
a scheme of professional certification : Sovereign Order n 4274 of
April 12th 2013 Ministerial Order n 2014-168 of March19th 2014 It
guarantees the upmost confidentiality for cleanly earned money.
Slide 10 The financial marketplace is international. 10 Customer
base 1/3 residents 2/3 non-residents Non-resident customers come
from all European countries, as well as : North Africa Africa Sub
Sahara Middle East America Oceania Slide 11 The financial
marketplace is safe. 11 It does not include any local banks. It
comprises only leading international institutions, from the
following countries : France Italy Luxembourg Switzerland U.K.
U.S.A. Slide 12 The financial marketplace is supervised. 12 Banking
activities: Supervised by the Prudential and Resolution Supervisory
Authority (Autorit de Contrle Prudentiel et de Rsolution ACPR) in
accordance with agreements between France and Monaco. Management
activities : Supervised by the Commission de Contrle des Activits
Financires. Slide 13 The Commission de Contrle des Activits
Financires is chaired by : Mr Jacques-Henri DAVID, Top official in
the French Government (Inspector of Finance) Members include : 13
Mrs Sophie BARANGER, Deputy General Secretary of Autorit des Marchs
Financiers A.M.F., the French market regulatory authority. Mr
Jean-Pierre MICHAU, Advisor to the Governor of the Banque de
France. La CCAF signed 7 memoranda of understanding (MoU). Slide 14
The Financial Marketplace is clean. Moneyval (European Council),
I.M.F. (International Monetary Fund) The following international
organizations have favorably reviewed Monacos laws, sovereign
orders and ministerial decrees to prevent money laundering and
terrorism financing : F.A.T.F. (Financial Action Task Force on
money laundering), 14 Slide 15 Le SICCFIN 15 The Service
dInformation et de Contrle sur les Circuits Financiers (SICCFIN),
Monacos Financial Intelligence Unit (F.I.U.), has signed agreements
with 41 other F.I.U.s. It belongs to the Egmont Group, which
represents F.I.U.s from 110 countries. France (TRACFIN)Panama
(UAF)Ile Maurice (FIU Mauritius)Macdoine (DSPP) Belgique (CTIF)
Slovnie (OMLP) Slovaquie (UFP-SR) Emirats Arabes Unis (UAE FIU)
Espagne (SEPBLAC) Liban (SIC) Canada (FINTRAC) Commonwealth des
Bahamas (FIU) Portugal (DCITE / BIB) Italie (UIC) Prou (UIF)
Bermudes (FIA) Luxembourg (Parquet du Luxembourg) Irlande (MLIU)
Thalande (AMLO) Ukraine (SCFM) Grande-Bretagne (NCIS) Malte (FIAU)
Roumanie (ONPCSB) Sngal (CENTIF) Suisse (MROS) Pologne (GIIF)
Russie (FMC) Moldavie (SPCSB) Liechtenstein (EFFI) Andorre (UPB)
Saint Marin Turquie (MASAK) Afrique du Sud (FIC)Burkina Faso
(CENTIF) Singapour (STRO) Tunisie (CTAF) Isral (IMPA) Niger
(CENTIF) Japon (JAFIC) Vatican (AIF) Serbie (APML) Slide 16 The
financial marketplace is internationally recognized. It is an
associate of the 16 which represents the banking associations of
the European Union and the European Free Trade Association E.F.T.A.
- Accepted on 31/03/2009 to join the SEPA (Single Euro Payment
Area). Founding member of the Union Bancaire Francophone created in
September 2012 - which includes 16 banking associations of French-
speaking countries. Slide 17 The financial marketplaces future 17
Continue developing Private Banking Hedge Funds Two main focuses :
Private equity funds Accelerate the ongoing deployment of a
Management Industry by transferring teams of experienced managers
to the principality. These include managers of These funds would
continue to be registered in their original marketplace Slide 18
Monegasque authorities consult A.M.A.F. when drawing up laws.
Sovereign orders Ministerial decrees that concern the marketplace.
18 A.M.A.F. establishes professional standards, corresponding to
best international standards, in the most sensitive areas : The
A.M.A.F. represents the 86 members of the financial marketplace.
Portfolio management. etc Prevention of money laundering and
terrorism financing. Slide 19 19 THANK YOU FOR YOUR ATTENTION
