全球化研究报告-PDF版

英国投资协会：2019-2020年英国投资管理（英文版）（120页）.pdf

封锁人口遏制了传染病的传播，但对全球经济产出产生了严重影响，导致美国GDP在2020年第二季度创纪录地萎缩近三分之一。在英国，同期GDP收缩了五分之一，这是另一个纪录。在全球金融危机期间，英国的GDP.

2019-12-01 120页 5星级

2019可持续金融论坛中期报告（英文版）（68页）.pdf

Sustainable Finance Forum Interim Report 2019 Sustainable Finance Forum Interim Report 2019 The Aotearoa Circle is a unique partnership of public and private sector leaders, unified and committed to the pursuit of sustainable prosperity for Aotearoa New Zealand (New Zealand). They aim to achieve this by reversing the decline of our natural resources. Collectively, this partnership has been formed to promote transformational change. The Aotearoa Circle 3 50 Stakeholders completed on-line surveys 95% Stakeholders felt the current financial system is not sustainable 50 Stakeholders interviewed 12 Members of the Leadership Group 33 Members of the Technical Working Group Sustainable Finance Forum (SFF) by numbers Sustainable Finance Forum Interim Report 2019 About the SFF The SFF is the first project launched by The Aotearoa Circle, recognising the critical role of finance to achieve, and accelerate, the transition to a sustainable economy, and the need for a financial system that is fit for that purpose. “We need to systematically align the New Zealand financial system with the task of meeting our 21st century sustainability challenges, and in the process produce better outcomes for all New Zealanders.” (Karen Silk, Westpac) The SFF brings together key players in New Zealands financial system - including Mori leadership, representatives from banks, insurance companies, industry, professional services, civil society, academia, and government - to explore how to re-design our current financial system to meet the challenges as well as capture the opportunities. The aim of the project is to produce a Roadmap for Action on how to shift New Zealand to a sustainable financial system from one which focuses primarily on (often short- term) financial wealth creation, to one that supports long-term social, environmental, and economic The financial system is the engine of the economy; we need to scale up and re-direct capital to enable the transition to a sustainable economy. 5 About this Report: This document is the Interim Report (Report) of the SFF. It represents the collective, and voluntary, efforts of the SFF undertaken from January 2019 to October 2019. The report sets out why we need to shift, urgently, to a sustainable economy. It proposes the principles and characteristics of a sustainable economy and financial system - drawing upon a Mori world view of Kaitiakitanga. The forum has reviewed much of the latest local and international thinking and best practice, along with a future state vision for New Zealands financial system. It assesses how well our current financial system performs against that benchmark and poses some initial ideas and questions on Potential Pathways for change. Feedback on this Report: From November 2019 to the end of February 2020 this Interim Report will be tested with civil society, Mori and Iwi, public, and private sectors. Your feedback is welcomed. The feedback survey can be accessed here. Based upon feedback, the SFF aims to finalise this Report and a Roadmap for Action by the end of July 2020. This will further set out how to implement the final recommendations of the SFF. wellbeing and prosperity for all New Zealanders, protecting natural resources for future generations. At the same time, this will strategically position New Zealand for continued access to international markets. The Roadmap for Action will include specific recommendations on re-shaping the current financial policy, regulatory and market framework. Kaitiakitanga is the overarching theme considering the role the financial sector plays in the guardianship of people and the natural environment, recognising the past, present and future generations. Sustainable Finance Forum Interim Report 2019 Letter from the Chairs In writing this report, we met and talked with dozens of people, businesses, banks and investment organisations and their message was stark: our current financial system is neither sustainable, nor fair. Issues such as market short-termism, the failure to properly price social and environmental costs and a lack of information and awareness mean capital is misallocated. Our financial system is facing the same issues as other business sectors and society more broadly how do we properly consider and account for the long-term impacts of our activities on our climate, our waterways and our social fabric? Put simply, we all need to better manage the resources we use to create wealth. Businesses ultimately draw from social and environmental capital our people and our land to create financial capital. If we deplete these natural capitals now then we will reduce our ability to create financial value for future generations. This is a threat to our collective wealth and wellbeing and a major long-term threat to business. We need to reorient the allocation of capital to produce better social and environmental outcomes. The financial system has a clear role to play and the imperative for business is clear: healthy businesses depend on a healthy economy and society. These are long-term challenges, but there is an urgent need to act now. Business leaders need to lead we cant wait for legislation or regulation to solely drive the change. At the same time this process will create business opportunities as we need to innovate, adapt and change and ultimately find new technologies and new ways to manage resources more efficiently. This Interim Report is the first step in creating a roadmap to a more sustainable financial system a system where we create value today while also valuing the natural and social resources that will provide value for future generations. For over 150 years, the full costs of investment decisions have not been properly felt by those making the decisions the cost of pollution, the loss of biodiversity, or increases in inequality have not been properly accounted for. In the language of economics, these are called externalities negative impacts felt and paid for by society, rather than those responsible for the actions. In Te Ao Mori, there are no such things nothing is external to the system, and this is a useful way of thinking about a New Zealand response to this problem. Our vision for a sustainable financial system is one where: The system serves the long-term needs of society, the environment and the economy. The system plays its role in the transition to a low-emissions, resource efficient, just and inclusive economy. Decision making is well-informed, transparent and facilitates sustainable development. The system is resilient, robust and agile through the incorporation of environmental, social and economic risks. Society has trust and confidence in the system. In developing the requirements for a roadmap we have started by looking at the current state of the New Zealand system, reviewing what others have done, here and overseas, and drawing on the input of the experts in the Technical Working Group and input from interviews with financial sector participants and other stakeholders. 7 We asked: What is stopping New Zealands financial system from being sustainable? What is preventing participants from making decisions that positively contribute to desired outcomes? We have organised the Interim Report around the three key themes flowing from our investigation: 1. Changing mindset embedding within organisations the imperative for aligning investment, lending and risk allocation decisions with long term societal goals. 2. Aligning the financial system or: Greening Finance adapting financial models and providing the tools and capabilities to incorporate sustainability into the financial system. 3. Mobilising Capital or: Financing Green promoting opportunities to allocate capital towards investments that target these outcomes. In the first half of this report we explain the concept of sustainable finance, outline the current state of the financial system, and set-out what we see as some of the challenges and barriers to it operating in a sustainable way. In the second half we pose a series of questions for further consideration and suggest a number of potential pathways we might consider. We want this to create further conversations on possible solutions and the merits of the potential pathways. We see three areas arising out of those themes which promise the greatest impact: Leadership to drive the vision of the SFF. Improving the availability and quality of environmental and social data. Pricing natural and social capital impacts. As a first step in changing mindset, The Aotearoa Circle has also released a legal opinion (prepared by Chapman Tripp) that considers the obligations of directors, investment managers, professional trustees and other professionals with fiduciary obligations, to consider climate change risk in their decision making. This is a ground-breaking development for New Zealand, consistent with international views and we hope it encourages increased urgency in addressing climate change risks throughout the financial system. We will be engaging broadly with financial system participants, with Mori and Iwi leadership on kaitiakitanga principles and with stakeholders as we work to develop the Roadmap for Action in 2020, which will outline practical steps we can take to tilt the financial system to better support our countrys critical sustainability agenda. We look forward to your input and welcome your leadership. MATT WHINERAY Co-Chair KAREN SILK Co-Chair Secretariat services provided by Sustainable Finance Forum Interim Report 2019 Collectively, we need to acknowledge that we operate within an economic system that depends on continued availability of largely unpriced environmental and social inputs. We need to align with the principles of Kaitiakitanga and value, protect, and preserve these natural and social resources because we need them to provide for future generations. The SFF vision is a sustainable financial system which delivers the following outcomes by 2030: Recognition that the real purpose of a financial system is to serve the long-term needs of people, planet, profit with capital flows aligned accordingly. A financial system that plays its role in delivering on the critical sustainability agenda and the transition to a low-emissions, resource efficient, just, and inclusive economy. Financial decision making that is well informed, transparent, and facilitates long-term wellbeing and sustainable development. A financial system that is more resilient, robust, and agile through the incorporation of environmental, social, and economic considerations. A society that has trust and confidence in our financial system and its actors (organisations and individuals) to understand its real purpose and their role and responsibilities within it. Given the urgency of the task created by our current use of environmental and social resources and the need to align to international commitments such as the United Nations Sustainable Development Goals (SDGs) and the ambition of the Paris Agreement, this transformational shift needs to occur in the next decade. The vision of the SFF Vision and Approach 9 To develop this document, the SFF adopted the following approach: Theory of change: To understand what a sustainable financial system meant to the SFF and how it differed from the current state, the SFF developed and used a Theory of Change. Literature review on international practice: The SFF conducted a literature review to collate evidence to understand why the outcomes identified in the Theory of Change werent occurring and where changes have been implemented elsewhere, leading to improved sustainable outcomes. Stakeholder Engagement: To ensure local context, we conducted a series of direct interviews with over 50 people. An additional 50 people responded to on-line surveys. These leaders came from the various actor groups and included Mori business leaders, social enterprises, investors, financial advisers, banks, and other financial institutions, corporate leaders, regulators, Government, and academia. Interim Report: Our analysis from the literature review and interviews was then consolidated and forms the basis of this Report. It is envisaged this Report will form the basis for further industry engagement, before being finalised. Our approach 2030 SFF is ultimately seeking a sustainable financial system which delivers the sustainable outcomes July 2020, this Report will be finalised, and supported by a Roadmap for Action 100 stakeholders provided input Sustainable Finance Forum Interim Report 2019 Why we need to rethink our current use of natural capital A large part of our economic success has been created using natural and social capital, such as water, energy, and labour. Historically, this has created substantial benefits for society with few side-effects. However, these side-effects are growing, as is the realisation that there are constraints on natural and human capital. We now understand that our current use of natural and social resources is not sustainable, and we need to rethink the way we define economic success to ensure that it delivers sustainable intergenerational development and wellbeing. The ambition of the Paris agreement is to limit climate change to 1.5 degrees of global warming above pre-industrial levels. The 2018 Special Report from the Intergovernmental Panel on Climate Change (IPCC) on Global Warming of 1.5 degrees states that achieving this will require an economic change with “no documented historic precedent” in terms of speed and scale. We need to reduce global emissions by 45% by 2030, and be net zero by at least 2050, ideally sooner. The IPCC estimate that this will require a 600% increase in capital for low-carbon technologies and energy efficiency by 2050. Even with 1.5 degrees of warming its estimated that the implications of climate change to the natural environmental are material, for example: 4% of all land will undergo a transformation from one ecosystem to another, with 13% transforming at 2 degrees (primary industries account for approximately 8% of New Zealands GDP) We will lose 70-90% of coral reefs, with 99% lost at a temperature rise of two degrees (an important source of food and income in the Oceania region) Global annual fishery catch will decrease by 1.5 million tonnes, with a decrease of 3 million tonnes at 2 degrees (accounting for 0.7% of New Zealands GDP and 3.2% of export in 20155) An ice-free arctic summer will occur once per century at 1.5 degrees compared to once per decade at 2 degrees At two degrees, sea level rise is estimated to hit approximately 1m by 2100, with 68,000 buildings in New Zealand located on land below this level with a replacement value of $19 billion.6 An estimated 170,000 buildings sit within 3m of current sea-level and would be impacted by storm tides and wave floods, with a replacement value of $52 billion

2019-12-01 68页 5星级

Wealth-X：2019年高净值人群研究手册（英文版）（37页）.pdf

全球高净值人口及其财富的适度增长。2018年，全球高净值（HNW）人口（净值在100万美元至3000万美元之间）增长1.9%，至2240万人，增幅低于全球经济增长率。他们的财富总和也增长了1.8%，达.

2019-12-01 37页 5星级

GP Bullhound：2019年第四季度全球金融科技市场报告（英文版）(31页).pdf

Q4 2019 Sector Update Fintech Important disclosures appear at the back of this report GP Bullhound L.

2019-12-01 31页 5星级

华利安（Houlihan Lokey）：2019年直接贷款市场报告夏季更新（英文版）（11页）.pdf

过去十年，由于传统银行放贷机构已经让位给像BDC这样的非传统放贷机构，直接贷款行业有了长足的发展。 BDC管理的资产已从2009年第四季度的189亿美元增长至2019年第一季度末的1045亿美元，增.

2019-12-01 11页 5星级

2019年可持续金融分类法 - 欧盟可持续金融技术专家组（英文版）（414页）.pdf

Taxonomy Technical Report June 2019 2 Disclaimer This report represents the overall view of the members of the Technical Expert Group, and although it represents such a consensus, it may not necessarily, on all details, represent the individual views of member institutions or experts. The views reflected in this Report are the views of the experts only. This report does not reflect the views of the European Commission or it services. 3 About this document This document sets out the results of the work to date undertaken by the Technical Expert Group on Sustainable Finance (hereafter, TEG) in relation to the development of an EU classification system for environmentally sustainable economic activities (hereafter Taxonomy). It has six parts: PART A Explanation of the Taxonomy approach. This section sets out the role and importance of sustainable finance in Europe from a policy and investment perspective, the rationale for the development of an EU Taxonomy, the daft regulation and the mandate of the TEG. PART B Methodology. This explains the methodologies for developing technical screening criteria for climate change mitigation objectives, adaptation objectives and do no significant harm to other environmental objectives in the legislative proposal. PART C Taxonomy user and use case analysis. This section provides practical guidance to potential users of the Taxonomy, including case studies. PART D Economic impacts of the Taxonomy. This section provides the TEGs analysis of the likely economic impacts of establishing an EU Taxonomy. PART E Next steps for the Taxonomy. This section elaborates on unresolved issues and potential ways forward for the Taxonomy and the technical work of the Platform on Sustainable Finance. PART F Full list of technical screening criteria. This annex sets out the sector- and economic activity-specific technical screening criteria and rationale for the TEGs analysis. 4 Contents 1. Context and rationale . 10 1.1 An introduction - Why have an EU Taxonomy? . 10 1.2 Background - The EU environment and climate action framework . 11 1.3 The role of sustainable finance . 12 2. The Technical Expert Group . 16 2.1 Mandate and work to date . 16 3. Principles for Taxonomy development . 19 3.1 Principles enshrined in regulation . 19 3.2 Additional principles developed by TEG . 22 4. Sector framework . 23 5. Economic and environmental systems . 24 6. Climate change mitigation . 26 6.1 Work process conceptual approach . 26 6.2 Methodology for selecting sectors and economic activities . 27 6.3 Defining substantial contribution to climate change mitigation . 29 6.4 Eligibility of finance for activities contributing substantially to mitigation . 31 6.5 Mitigation activities table . 34 7. Climate change adaptation . 36 7.1 Work process conceptual approach . 36 7.2 Defining substantial contribution to climate change adaptation . 38 7.3 Adaptation screening criteria . 40 7.4 Eligibility of finance for activities contributing substantially to adaptation . 41 7.5 Classification of climate-related hazards . 41 7.6 Sectoral sensitivity to climate hazards . 42 7.7 Adaptation activities table . 44 8. Do no significant harm (DNSH) . 45 8.1 DNSH to climate change adaptation (for other environmental objectives) . 45 8.2 DNSH to environmental objectives 3-6 . 46 9. Climate change mitigation worked example . 49 10. Climate change adaptation worked example . 52 5 11. Users of the Taxonomy . 56 11.1 Defining the users . 57 11.2 Obligations for Taxonomy users . 61 12. Implementation matters . 62 12.1 General implementation approach . 62 12.2 Differences by asset classes . 65 12.3 Case Studies . 66 13. Data: availability analysis and results . 71 13.1 Revenue breakdown by Taxonomy-related activities . 71 13.2 Environmental data . 71 14. Role of companies . 75 14.1 Advantages of reporting to facilitate the implementation of the Taxonomy . 75 15. Role of data providers . 77 16. Expected impacts of the Taxonomy . 79 16.1 Coverage of the Taxonomy and financial quantitative impact assessment . 79 16.2 Qualitative analysis of the transmission channels of the Taxonomy . 95 16.3 Cost and benefit analysis for relevant stakeholders . 97 16.4 Conclusions . 103 17. The extension of the TEG and development after TEG . 104 17.1 TEG extension . 104 17.2 Ongoing development beyond the TEG . 105 6 18. List of activities with technical screening criteria. 107 18.1 Summary: climate change mitigation . 107 18.2 Summary: climate change adaptation . 110 19. Agriculture . 111 20. Forestry . 156 21. Manufacturing . 183 22. Electricity, gas, steam and air conditioning supply . 232 23. Water, Sewerage, Waste and Remediation . 292 24. Transportation . 324 25. Information and communication . 357 26. Construction, Real estate activities . 363 27. Agriculture, Forestry and Fishing . 387 28. Electricity, gas, steam and air conditioning supply . 393 29. Water supply; sewerage; waste management and remediation activities . 401 30. Information and communication . 406 31. Financial and insurance activities . 408 32. Professional, scientific and technical activities . 411 7 List of Technical Expert Group Members Members of the Technical Expert Group are listed below. Taxonomy Working Group members are in bold. Organisation Name AIG Europe Dawn SLEVIN Allianz Global Investors Steffen HOERTER Bloomberg Curtis RAVENEL1 BNP Paribas asset management Helena VIES FIESTAS Borsa Italiana Sara LOVISOLO Carbone 4 Jean-Yves WILMOTTE Cassa Depositi e Prestiti S.p.A. Pierfrancesco LATINI CDP (Carbon Disclosure Project) Nico FETTES Climate Bond Initiative Sean KIDNEY Climate KIC Sandrine DIXSON-DECLEVE EACB Tanguy CLAQUIN EFFAS Jos Luis BLASCO EnBW AG Thomas KUSTERER Eurelectric Jess MARTNEZ PREZ Finance Watch Ludovic SUTTOR SOREL2 Green Finance Cluster Frankfurt Karsten LOEFFLER GRI (Global Reporting Initiative) Eszter VITORINO ICMA Nicolas PFAFF KfW Bankengruppe Karl Ludwig BROCKMANN Luxembourg Stock Exchange Flavia MICILOTTA3 Mirova Manuel COESLIER MSCI Veronique MENOU Nordea Aila AHO PRI Nathan FABIAN RICS Ursula HARTENBERGER4 SCOR Michle LACROIX SEB Marie BAUMGARTS Swiss Re Ltd Claudia BOLLI Thomson Reuters Elena PHILIPOVA Unilever Michel PINTO WiseEuropa Maciej BUKOWSKI WWF Jochen KRIMPHOFF Andreas HOEPNER5 Brenda KRAMER6 Paolo MASONI7 1 Occasionally replaced by Ani Kavookjian 2 Replacing Nina Lazic and Mireille Martini 3 Replacing Jane Wilkinson 4 Replacing Zsolt Toth 5 Appointed in a personal capacity 6 Appointed as a representative of a common interest shared by stakeholders 7 Appointed in a personal capacity 8 Directly invited members European Banking Authority Pilar Gutirrez, Piers Haben, Mira Lamriben, Slavka Eley European Central Bank Ana Sofia Melo, Fabio Tamburrini European Insurance and Occupational Pensions Authority Lzaro Cuesta Barber8, Marie Scholer European Investment Bank Eila Kreivi, Aldo Romani, Nancy Saich, Peter Anderson, Dominika Rosolowska, Jean-Luc Filippini, Cinzia Losenno European Securities Market Authority Alessandro DEri, Roxana Damianov Michele Mazzoni, Eduardo-Javier Moral-Prieto, Chantal Sourlas, Jacob Lnnqvist European Environment Agency Andreas Barkman, Stefan Speck Directly invited observers European Bank for Reconstruction and Development Carel Cronenberg Organisation for Economic Cooperation and Development Simon Buckle, Mireille MARTINI Network for Greening the Financial System/Banque de France Lisa Biermann9 United Nations Environmental Programme Finance Initiative Elodie Feller10 TEG members have benefitted from extensive support from within their own organisations. Acknowledgements are given below. Member staff acting in TEG roles Climate Bonds Initiative Anna Creed Climate-KIC Felicity Creighton Spors Additional support from TEG member and observer organisations Ani Kavookjian Bloomberg Luca Di Marco Cassa Depositi e Prestiti Diletta Giuliani Climate Bonds Initiative Katie House Climate Bonds Initiative Ujala Qadir Climate Bonds Initiative Lionel Mok Climate Bonds Initiative Penny Apostolaki Climate Bonds Initiative Daniel Zimmer Climate-KIC Craig Davies EBRD Ioanna Kourti EBRD Bogachan Benli EIB Juan Bofill EIB Marcial Bustinduy EIB 8 Replacing Camille Graciani 9 Replacing Emmanuel Buttin 10 Replacing Eric Usher 9 Adrian Enache EIB Andres Gavira EIB Stephane Petti EIB Christian Schempp EIB Julio Schreier EIB John Sinner EIB Marcos Tejerina EIB Marc Tonteling EIB Jonas Wolff EIB Andreas Unterstaller European Environment Agency Doris Marquardt European Environment Agency Gorm Dige European Environment Agency Nikolaj Bock European Environment Agency Lale Karayaka European Environment Agency Magdalena Jozwicka European Environment Agency Wouter Vanneuville European Environment Agency Ioannis Bakas European Environment Agency Stefan Speck European Environment Agency Ian Marnane European Environment Agency Sebastian Rink Green Finance Cluster Germany Doris Kramer KfW Bankengruppe (KfW) Josef Haider KfW Bankengruppe (KfW) Chloe Desjonqueres OECD Michael Mullan OECD Mireille Martini OECD Alyssa Heath Principles for Responsible Investment (PRI) Danielle Chesebrough Principles for Responsible Investment (PRI) Gemma James Principles for Responsible Investment (PRI) Matilda Persson Principles for Responsible Investment (PRI) James Kavanagh Royal Institution of Chartered Surveyors (RICS) Fabrizio Varriale Royal Institution of Chartered Surveyors (RICS) Jonathan Gheyssens UN REDD Zofia Wetmanksa WiseEuropa The TEG is also grateful to the generous and extensive technical support from consultation respondents and additional experts, as well as the in-depth contributions from the sectoral European C

2019-12-01 414页 5星级

Klarna：2019年金融科技颠覆者报告(英文版)(32页).pdf

1 F I N T E C H D I S R U P T O R S 2 0 1 9 REMOVING ROADBLOCKS THE NEW ROAD OF FINTECH F I N T E C .

2019-12-01 32页 5星级

NCLC：2019年金融科技与消费者保护报告（英文版）（30页）.pdf

在金融产品和服务中使用技术(fintech)产生了一系列金融产品和服务的新方法。互联网、移动设备、大数据、计算机算法和其他技术正在影响我们借钱、付款和理财的方式。这些技术也正在改变从信用报告机构到债务收集者等实体影响我们并与我们互动的方式。Fintech产品和服务有潜力为消费者提供重要利益。它们承诺降低成本，促进金融包容，帮助人们避免收费和比较商店，改善个人财务管理，建立资产和财富。但创新和金融科技方法并非总是积极的。新产品可能会产生隐藏的或意料之外的负面后果，或一开始并不明显的风险。危险的分期付款和爆炸式的可调利率抵押贷款助长了导致2008年大衰退的止赎危机，这些都是创新。新技术使银行能够鼓励借记卡上的透支费，这可以将一杯5美元的咖啡变成一杯40美元的咖啡。fintech的标签也不一定意味着有太多不同。产品和服务不断发展，但有时变化越多，它们就越保持不变。旧的问题可能会在新的方案中出现，而金融科技产品承诺的好处可能不会真正实现。闪亮的fintech产品的吸引力决不能导致我们放弃消费者保护规则或对未经测试产品的监督。产品使用新技术并不意味着旧的保护措施不适用或不应该适用，也不意味着监管机构不知道如何处理产品。仔细和批判性地审视fintech产品，了解风险，而不是接受有关消费者利益的未经证实的炒作，这一点至关重要。本报告中列出的潜在利益和担忧并不意味着这些利益或担忧将实际实现。如果被公司吹捧，潜在的好处会被列出，但这些好处并不总是被证明的。有些事情是显而易见的，而有些事情是显而易见的。某些利益或担忧可能适用于某些公司，但不适用于其他公司。虽然fintech产品提出的问题与产品本身一样多，但一些常见的主题、问题和风险跨越了许多fintech产品。

2019-12-01 30页 5星级

印度储备银行：2019-2020年度印度银行业发展趋势报告（英文版）（230页）.PDF

印度储备银行发布了2019-2020年度印度银行业发展趋势报告。世界各地的银行体系正在应对复苏信贷增长的挑战，同时保持其在面对新型冠状病毒肺炎危机时的弹性。在印度，虽然银行业的稳健性指标在资产质量停滞的情况下变得模糊，但银行正在筹集资金以应对迫在眉睫的压力。展望未来，充满挑战的时代可能会为银行业带来新的机遇，而储备银行亦会继续致力于建立一个有利的环境，同时维持金融稳定。印度金融体系，尤其是银行，在2019-2020年表现出了弹性，资产质量、资本状况和盈利能力都有所改善。2020-2021年，随着政策支持的倒退，新冠肺炎大流行的影响可能会削弱银行和非银行机构的良好发展态势。截至2020年8月底，金融系统(银行和非银行金融中心)约40% 的未偿还贷款延期偿还。截至2020年9月底，银行的国民生产总值比率应该在0.10% 至0.66% 之间。本报告主要包括以下六个部分的内容：新型冠状病毒肺炎对银行及NBFC的影响、了解你的客户和反洗钱的风险管理、合作银行业挑战、减少NBFC之间的监管套利、利用监管科技进行高效报告、采用超高科技进行主动监控。

2019-12-01 230页 5星级

印度储备银行：2019-2020年印度经济统计手册（英文版）（416页）.PDF

印度储备银行发布了2019-2020年印度经济统计手册。印度经济统计手册是一个宏观经济和金融信息综合数据库，自1998年以来，储备银行每年都提供该数据库。2019-2020年印度经济2019-20年度统计手册(该系列的第22本)载有240个统计表，涵盖了与国民收入总量、产出、物价、货币、银行业、金融市场、公共财政、对外贸易、国际收支和社会经济指标有关的广泛时间序列。在本期内，部分表格的格式已作修订，以便更有效地展示资料。根据国家粮食计划署分配的商品包括大米、小麦、糖、食用油和煤油。自1992年6月1日起，政府推行新的公共分配系统，以改善公共分配系统对生活在相对经济不利地区的消费者的服务。

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浙江大学互联网金融研究院：2018全球金融科技中心城市报告(英文版)（57页）.pdf

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Zurich Gl o b al F in C e nt re D oi n g B u si n es s Gl o b al I n n ov at io n In d e x Frankfurt Seoul Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n High Rank Low Rank Hong Kong Silicon Valley Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s A tale of 44 cities Connecting Global FinTech: Interim Hub Review 2017 Published by Deloitte April 2017 “ We want to encourage global engagement, best practices, and knowledge sharing, as well as build bridges between all FinTech hubs for entrepreneurs and investors to connect.” Global FinTech Hubs Federation Connecting the global FinTech community 04 Readers note 06 Methodology 07 Reading guide 13 Research findings 14 Overview Index Performance Scores 17 Overview Hub Indicators 18 Global FinTech VC deal value 2016 19 Map of regulatory sandboxes 20 Map of regulatory collaboration 21 New Hubs 22 Abu Dhabi 24 Auckland 26 Bangkok 28 Budapest 30 Chicago 32 Contents Copenhagen 34 Edinburgh 36 Istanbul 38 Jakarta 40 Kuala Lumpur 42 Lagos 44 Lisbon 46 Madrid 48 Manama 50 Milan 52 Moscow 54 Oslo 56 Prague 58 Sao Paulo 60 Shenzhen 62 Stockholm 64 Taipei 66 Tokyo 68 Warsaw 70 Old Hubs 72 Amsterdam 74 Bangalore 76 Brussels 78 Dublin 80 Frankfurt 82 Hong Kong 84 Johannesburg 86 London 88 Luxembourg City 90 Mexico City 92 Nairobi 94 New York 96 Paris 98 Shanghai 100 Silicon Valley 102 Singapore 104 Sydney 106 Tel Aviv 108 Toronto 110 Zurich 112 Acknowledgements 114 3 A tale of 44 cities | Contents Connecting the global FinTech community Fabian Vandenreydt Global Head of Securities Markets, Innotribe and Singapores MAS has signed more FinTech cooperation agreements than other regulatory bodies in the world. Although the tangible outcomes of these agreements largely remain to be seen, cooperation between regulators globally has undeniably become a trend. Louise Brett UK FinTech Lead Partner, Deloitte GFHF HubsNew HubsOld HubsTotal Africa 123 Asia Pacific7512 Central and South America112 Europe 12820 Middle East 213 North America134 Grand Total242044 15 A tale of 44 cities | Research findings Although our research only included two Hubs from the Gulf region, both Hub Representatives presented very similar self-assessments. For one, both Hubs claimed excellent government and regulator support for FinTech and these are evidenced by the range of initiatives that the government and regulatory bodies are driving together. For example, the RegLab in Abu Dhabi, the FinTech Hive and 2020 blockchain ambition in Dubai and the FinTech work driven by the EDB in Bahrain. In Africa, FinTech developments continue to be concentrated around mobile and social payments. Highly successful FinTechs are rare as low levels of government and regulatory support and lack of quality infrastructure continue to be barriers to scaling. In the Central and South America region, Brazil leads the pack by way of investment and number of FinTechs and much of the activity is concentrated in Sao Paulo. Broadly, across the region, corporates and investors are the ones proactively developing the local FinTech ecosystems. However, there are positive signals that government and regulator support for FinTech is increasing. For example, Mexicos new financial inclusion strategy is expected to promote FinTech growth. Finally, we complete the map with North America. While Silicon Valley and New York continue to be the indisputable top FinTech Hubs in the USA, and Toronto in Canada with 80% of the Canadian FinTech activity in this Hub, over the last year we have seen a number of other emerging Hubs: Chicago, which has been included in this Interim report; and Charlotte, North Carolina, which will feature in the next GFHF report. Another interesting development in the USA in recent months has been regulation, particularly in regards to the OCCs FinTech charter. As the USAs complex and fragmented regulatory environment has been cited as a challenge by US FinTech Hubs in our research, it will be interesting to review these developments again in our full Sibos report which will be launched in October. Closing remarks As we have seen, FinTech ecosystems continue to evolve at pace across the globe. As these ecosystems evolve, so too will the report and its methodology for assessing and presenting the FinTech developments in these Hubs. As identified within the Readers Note section, we are pleased to be working with the Global FinTech Hubs Federation to review and refine the methodology and improve the robustness of the assessments currently being completed by each Hub. Without giving away too much, we are very excited about the new Full Report that we will be releasing at Sibos in October and look forward to working closely with ecosystem participants across all the GFHF Hubs over the coming months. 16 A tale of 44 cities | Research findings Chicago Index Performance Score New HubsOld Hubs 125 A lower Index Performance Scores indicates that the Hub is more conducive to FinTech growth based on the amalgamation of three global indices. 26150 150 125 26150 150 Toronto Tel Aviv Abu Dhabi Tokyo Amsterdam Shanghai Hong Kong Taipei Jakarta Singapore Frankfurt Moscow Warsaw Prague Istanbul Budapest Shenzhen Bangkok Kuala Lumpur Sydney Auckland Silicon Valley New York Mexico City Sao Paulo Brussels Zurich Luxembourg City Lisbon Madrid Milan Lagos Bangalore Johannesburg Nairobi Paris 20 50 Stockholm55 111 99 55 70 119 22 57 255 11 46 167 108 126 168 151 125 137 101 45 n/a 18 14 181 243 Oslo77 127 41 83 124 128 n/a n/a 187 n/a Dublin56 London11 Edinburgh76 76 132 178Manama Copenhagen71 Overview Index Performance Scores 17 A tale of 44 cities | Overview Index Performance Scores Go ver nm en t s up po rt In no va tio n c ult ur e Pr ox im ity to e xp ert is e Pr ox im ity to c us to me rs Fo re ig n st ar tu ps Re gu la ti on Chicago Sydney CopenhagenTaipei Tel AvivDublin TokyoEdinburgh FrankfurtToronto WarsawHong Kong ZurichIstanbul Jakarta Johannesburg Kuala Lumpur Lagos Lisbon London Luxembourg City Madrid Manama Mexico City Milan Moscow Nairobi New York Oslo Paris PragueAbu Dhabi AmsterdamSao Paulo ShanghaiAuckland BangaloreShenzhen Silicon ValleyBangkok SingaporeBrussels BudapestStockholm This diagram lists the Hubs from left to right in alphabetical order. The colours of the Hub Indicators refl ect the response given by the Hub Representative in relation to this category. Excellent Good Better than average Average Not good Excellent Good Better than average Average Not good New HubsOld Hubs Overview Hub Indicators 18 A tale of 44 cities | Overview - Hub Indicators US $6.2bn UK $783m Brazil $161m Germany $384m Norway $4m Czech Republic $6m Denmark $32m Sweden $62m Poland $1m Israel $173m Turkey $17m South Africa $15m Nigeria $1m India $272mChina $7.7bn Japan $87m Australia $91m New Zealand $7m Ireland $524m Luxembourg $2m France $68m Switzerland $34m Spain $12m Italy $9m Singapore $86m Malaysia $4m Thailand $19m Canada $183m Mexico $72m Globally, $17.4 billion invested over 1,436 deals in 2016 Hong Kong $170m Indonesia $5m Taiwan $6m $500m $100m $10m $10m Source: PitchBook Compiled by Deloitte Russia $7m Netherlands $20m Belgium $28m The map below shows the 2016 global FinTech deal values for countries covered by this Interim report. Note that Bahrain, Hungary, Kenya and UAE had deal values less than $1 million and therefore were not included in the map below. All figures below are in US Dollars. 19 A tale of 44 cities | Global FinTech VC deal value 2016 Global FinTech VC deal value 2016 Norway Proposed Financial Supervisory Authority (FSA) of Norway, ICT Norway Malaysia Live Bank Negara Malaysia (Central Bank) Netherlands Live Dutch fi nancial supervisors the Authority for the Financial Market (AFM) and De Nederlandsche Bank (DNB) Taiwan Proposed Financial Supervisory Commission (FSC) Indonesia Proposed Bank Indonesia (Central Bank) USA Proposed Federal Reserve Board / Treasury Department / Securities and Exchange Commission Thailand Proposed Bank of Thailand Key Proposed Formal statement made by a regulatory or government body Live Accepting applications or conducting trials Russia Proposed Central Bank of Russia Source: Innovate Finance Compiled by Deloitte Dubai Proposed Dubai Financial Services Authority (DFSA) Dubai International Financial Centre Authority (DIFCA) Canada Live Ontario Securities Commission (OSC) UK Live Financial Conduct Authority (FCA) Switzerland Proposed Financial Market Supervisory Authority (FINMA) Singapore Live Monetary Authority of Singapore (MAS) Australia Live Australian Securities stable political, regulatory and judicial regimes; a business-friendly environment; excellent technology infrastructure and availability of capital. Furthermore, its location in the East-West corridor means that Abu Dhabi is well-positioned to be the FinTech nexus for the MENA region. Abu Dhabi Hub profi le Hub representative Abu Dhabi Global Market CEO Richard Teng Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n High Rank Low Rank INDEX SCORE 99 Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s Source: Global FinTech Hubs Federation Produced by Deloitte NEW HUB 24 A tale of 44 cities | Abu Dhabi Flat6Labs GlassQube Co-working Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s Top FinTech companies While FinTech is a recent development in Abu Dhabi, some financial institutions have started embracing and deploying FinTech solutions. For example: The National Bank of Abu Dhabi (NBAD) was the first bank in MENA to go live on blockchain for real time cross border payments with Ripple, the Abu Dhabi Islamic Bank (ADIB) partnered with Fidor Bank to launch the regions first community based digital bank and within the first batch of 11 Regulatory Laboratory applications, we see a mix of FinTech players including robo-advisors, big data, crowdfunders and a digital bank. Big investors Abu Dhabi is home to some of the largest sovereign wealth funds and financial institutions (e.g., National Bank of Abu Dhabi, the largest bank in the MENA region) and a high concentration of institutional and private wealth. Success stories The launch of the RegLab was a milestone success for Abu Dhabi as this marked the openness and support by regulators and government towards innovation. The collaboration between banks and startups, and the banks innovation strategies more broadly, is also another success story as it highlights the attitude of the main institutions towards FinTech. The future In 2017, ADGM plans to host and organise a FinTech Summit. Leading up to the Summit, there will be a series of FinTech hackathon / demo day events to showcase the FinTech entrepreneurial scene in the region. ADGM received the first batch of 11 applications for the RegLab in January 2017 and expects to complete its assessment for the first batch and open the 2nd batch of application in Q2 2017. Hub featuresBest workspace and accelerators Technologies Innovation areas Challenges Cloud computing Mobile Social media Banking-as-a-service Credit and debit cards E-commerce Identity management Payments Mobile apps P2P crowdfunding Risk averse culture High cost of office space Limited exit opportunities 25 A tale of 44 cities | Abu Dhabi D oi ng B us in es s 1 Gl o ba l I n n ov at io n In d ex Gl o ba l I n n ov at io n N /A Gl o ba l Fi n C e nt re 1 7 Auckland Auckland is New Zealands largest and most internationally connected hub, with a third of the countrys population and the largest number of businesses. The city hosts the entire diverse spectrum of fi nancial services, as well as the largest concentration of the countrys vibrant tech sector. Combine this with strong central and local government support and direct links to the countrys other hubs, Auckland is an ideal environment for innovating FinTech. Auckland Hub profi le Hub representative New Zealand Financial Innovation and Technology Association (FinTechNZ) CEO Mitchell Pham High Rank Low Rank INDEX SCORE n/a* * The data for Auckland is not available on the Global Financial Centre Index. As such, Auckland has not been given an Index Performance Score. Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s 26 A tale of 44 cities | Auckland Source: Global FinTech Hubs Federation Produced by Deloitte Source: Global FinTech Hubs Federation Produced by Deloitte NEW HUB Astrolab Creative HQ Kiwibank Lightning Lab FinTech Accelerator The Icehouse * The data for Auckland is not available on the Global Financial Centre Index. As such, Auckland has not been given an Index Performance Score. Go ve rn me nt su pp ort In no va ti on cu ltu re Pr ox im ity to e xp ert ise Pr ox im ity to c us to me rs Fo re ig n s ta rtu ps Re gu lat io n Hu b in dic ato rs Sel f e vau lat ion of th e h ub in six ke y a rea s Top FinTech companies Equitise, Harmoney, InsuredHQ, Latipay, Paymark, SavvyKiwi, Trademe, Xero. Big investors All major banks, insurers and finance companie; venture funds; NZ Venture Investment Fund; and Callaghan Innovations. Success stories Xero, a software company that develops cloud-based accounting software for small and medium-sized businesses, has been a very successful FinTech to emerge from the country. At the other end of the spectrum, LatiPay, an online payments service between China and New Zealand, is gaining a significant amount of growth and traction, and will likely emerge as a future success story. The future In 2017, there will be a much more visible FinTech community in Auckland, and in New Zealand more broadly. 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