Paris EUROPLACE International Financial Forum Singapore, October 26, 2009 " The Aftermath of the Crisis: Times of Dialogue and Opportunities "

October 25, 2009 11:55 PM EDT

SINGAPORE--(BUSINESS WIRE)-- Paris EUROPLACE, the agency in charge of promoting the Paris financial marketplace, organized its first annual Financial Forum in Singapore in a bid to foster dialogue regarding lessons arising from the financial crisis, to restore confidence and present new opportunities in European financial markets. The Forum was attended by 300 French and Singaporean representatives of investors, issuers, banking and financial institutions, as well as regulators and central bankers.

A year ago, the global financial and economic crisis has changed the way one looks at international finance. It has urged dialogue among international financial centers in order to draw lessons from the crisis and to define and implement new strategies.

HENG Swee Keat, Managing Director of the Monetary Authority of Singapore (MAS) and Christian NOYER, Governor of Banque de France opened the forum.

Christian NOYER highlighted that "Today, we can be reasonably assured that we have stabilized our economies and avoided the worst. Current forecasts by the IMF show reasonable prospects for growth in the world economy in 2010. But there are many downside risks and adverse scenarios that could still materialize. Above all, we have a duty, and a mandate, to make sure that the causes of the crisis are addressed and that our economies do not fall victim to such shocks in the future".

Jean-Francois THEODORE, Chairman of Steering Committee of Paris EUROPLACE, indicated that "various ways of cooperation shall be fostered between Paris and Singapore, in particular in asset management, environmental finance & Socially Responsible Investments (SRI), research and financial innovation".

Arnaud de BRESSON, Chief Executive, Paris EUROPLACE mentioned that "the Paris marketplace has better resisted the crisis than many other international financial centers, thanks to the quality of its regulation and to the business model of French banks, and offers today a great deal of business opportunities"

- The euro represents 26% of reserve currencies and 30% of international securities markets. It is also considered as a valuable hedge against the dollar and commodity risk and is an efficient tool for portfolio diversification: according to a recent study published by Bank of America and Merrill Lynch, the post crisis environment will still benefit Europe as asset allocators will continue to overweigh their investment in the Eurozone.

- the access to NYSE Euronext platform, the leading Exchange in the world, with a large presence of French Blue chips in the Eurostoxx 50 index,

- the access to a secure and liquid Euro denominated bond market, with a strong corporate bonds segment,

- the strength of the French Asset management industry, with the presence of international market players: AXA IM, BNP Paribas AM, CAAM/SGAM and Natixis AM, also operating in Singapore.

Additionally, Paris accelerates its positioning on new growing financial segments: project financing, environmental finance (carbon and climate), Socially Responsible Investment (SRI) and Islamic Finance.

The Paris EUROPLACE Financial Forum in Singapore 2009 was organized with the support of the Monetary Authority of Singapore and Banque de France in partnership with Invest in France Agency, BNP Paribas, Calyon, Credit Agricole Asset Management, Credit Industriel et Commercial (CIC), Europlace Institute of Finance (EIF), NYSE Euronext, Societe Generale, Standard Chartered, Tradition and with the kind support of the Regional Economic Department (French Embassy).

About Paris EUROPLACE

The mission of Paris EUROPLACE, a non-for-profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies - all of which participate in the association's actions and activities. Paris EUROPLACE also contributes to the "competitiveness clusters" program, and aims at making the Paris financial market a full-fledged center, thereby confirming its leading position, particularly in asset management and in financial research. Web Site : www.paris-europlace.net

    Source: Paris EUROPLACE

Stocks Mentioned

Related Entities

• Merrill Lynch
• Calyon Securities

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?