Vanessa Depret-Biout

Exciting news from JPMorgan Chase & Co. at the Choose France Summit! I’m thrilled to have attended the #ChooseFrance Summit organised by the French national development agency Business France in Versailles today. Building on the momentum from our previous announcements with Bpifrance we are now proud to unveil the new milestones of the #Spark Bpifrance Funds aiming to finance funds in favor of diverse private investment firms or having a positive societal impact. JPMorgan Chase is committing up to $50 million to this initiative. Also delighted to share that 4 major French groups confirmed their commitment to a potential investment in this fund-of-funds initiative, targeting gender parity in the private equity investment firm ecosystem: LVMH , Ardian, BNP Paribas Cardif and FDJ - La Française des Jeux. That’s why with the CEO of Bpifrance Nicolas Dufourcq, we invited the representatives of these first 4 investors to the Choose France Summit, in the presence of French President Emmanuel Macron and our Chairman and CEO Jamie Dimon. With a target size of €150 to €200 million by the end of 2024 and managed by Bpifrance in close partnership with J.P. Morgan Asset Management, we’re excited about the impact of this collaborative effort. To know more (press release in French) 👉https://shorturl.at/avIST Thanks to Frédéric Arnault, Dominique Senequier, Stéphane Pallez and Jean-Laurent Bonnafé for their contribution. #GenderEquality #CorporateResponsibility #EconomicInclusion #AssetManagement #PrivateEquity

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Paris Europlace Crypto-Assets Working Group, chaired by Hubert de Vauplane, welcomes #ESMA consultations on reverse solicitation and on the qualification of #crypto-assets as financial instruments. We appreciate ESMA's approach in determining a broad concept of solicitation, as well as the means and persons involved in which a third-party firm could solicit EU clients, to protect investors and #MiCA-compliant crypto-asset service providers. This approach will help avoid differences in interpretation, ensuring a fair level of #competition between EU crypto-asset market participants. Regarding influencers -a concept that has no definition in European law-, such a concept could lead to large divergences of interpretation between Member States and run counter to the principle of predictability of law. Conversely, the use of general clauses or online pop-up “I agree” boxes, whereby clients state that any transaction is executed on the exclusive initiative of the client, is deemed to be reverse solicitation. Concerning the qualification of crypto-assets as financial instruments, regulation should offer an appropriate degree of legal #protection and facilitate the distinction between crypto-assets within the scope of MiCA and crypto-assets assimilated to financial instruments. Opting for a holistic approach is key, enabling Member States to move forward in an harmonised way on the assimilation of crypto-assets to financial instruments, without the criteria set in place being too strict to rapidly risk becoming obsolete. We thus fully support the technologically neutral approach proposed by ESMA. Given the diversity of the list of securities implemented in jurisdictions and to avoid regulatory shopping within the EU, a Q&A should be produced by ESMA to list examples, for each Member State, for which some crypto-assets could be reclassified as financial instruments under national law. This Q&A could be updated and provide the EU crypto-asset market with global visibility on the qualification risk with a goal of harmonisation within the EU. This Q&A could also serve as a regulatory monitoring tool for the legal status of crypto-assets and help ESMA identify any lack of harmonization. All in all, crypto-assets should be subject to the exact same rules as other traditional financial instruments in line with the principle of technological neutrality. A substance over form approach needs to be adopted to determine if a crypto-asset is qualified as a financial instrument.  Many thanks to all contributors, especially Hubert de Vauplane Philippe Goutay Emilien Bernard-Alzias Myriam Dana -Thomä Matthieu Lucchesi Frederick Lacroix Hugo Bordet Please read the document here: https://lnkd.in/eDMrNWNb European Securities and Markets Authority (ESMA) Autorité des marchés financiers (AMF) – France

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In Paris Retail Week 2024, session about EPI Company with Laetitia DORLA Charlotte PAGOT amaury bentaieb and Pauline Cieutat. Among the key ideas : ✔️EPI Company is supported by 16 companies across Europe (14 EU banks and 2 IT leaders) ✔️After a development phase in 2023, launch of the wallet "Wero" in 2024... ✔️... That is based on local initiatives : Payconiq International and Ideal ✔️According to MERCATEL, Paylib is also a good basis to develop Wero in France ✔️Wero has been launched in Germany in July of 2024 => in France, the development will be done from September to December of 2024 ✔️In France, Wero will target P2P (today addressed by cash, checks and credit transfers), e-commerce (today addressed by cards and wallets) and in-store payments (today addressed by cards, wallets, cash and checks) ✔️Thus, the consumer of Wero wallet will be young, urban, digital native... from 18 to 50 years old PARTELYA CONSULTING European Women Payments Network (EWPN) AEFI Asociación Española de FinTech e InsurTech AFIP - FinTech and InsurTech Portugal CLUB ITALIE-FRANCE AFTE Finance Mag The PAYTECH Book Portuguese Women in Tech Merchant Payments Ecosystem COMEXPOSIUM MERCATEL

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You got this…. Did you catch Simone Biles during the Olympics, whispering “You got this” to herself before she began her stunning run of events in Paris Bercy Arena? That tiny phrase carried monumental power. I’ve echoed it to countless friends, colleagues, and family members, witnessing its magic time and time again. ✨ It’s remarkable how something as simple as hearing or telling yourself “You got this” can ignite a spark of confidence. Think of it as a secret ingredient that transforms hesitation into unstoppable energy. This is why I have such a deep appreciation for words. They possess incredible power—they can uplift or deflate. But when used to inspire, words have the potential to change lives, spark movements, and transform the world. Consider J.K. Rowling. She faced numerous rejections before Harry Potter enchanted the globe. Through those tough times, “You got this” was likely her silent mantra. Similarly, Steve Jobs, who revolutionised technology despite countless setbacks, probably leaned on “You got this” to keep moving forward. In our daily grind, these words can work wonders. Picture a colleague gearing up for a nerve-wracking presentation. A simple “You got this” might be just the boost they need to succeed. Or think of a friend about to make a big career leap. Your words could be the wings that help them soar. Reflecting on my own experiences, every time I lace up for a marathon, I tell myself “You got this,” propelling me forward, one foot in front of the other. 🏃‍♀️(That’s me in the Australian Outback Marathon, by the way!) So, let’s harness the power of positive words. Use them generously and speak them genuinely. Encourage a friend, motivate your team, or remind yourself of your own capabilities. Those three little words? They can move mountains. You got this. And you always will. #Inspiration #Motivation #WordsMatter #PositiveImpact #Empowerment

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In 2023, Candriam supported 43 projects in over 20 countries, focusing on: ► Protecting the environment ► ESG education & research ► Social inclusion ► Fight against cancer Read the full report to see how we're making a difference: 🔗 https://lnkd.in/eisf2aj3 #candriam #investing4tomorrow

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Circle 𝐑𝐞𝐜𝐞𝐢𝐯𝐞𝐬 𝐄𝐌𝐈 𝐋𝐢𝐜𝐞𝐧𝐬𝐞 𝐢𝐧 𝐅𝐫𝐚𝐧𝐜𝐞: 𝐖𝐡𝐚𝐭 𝐈𝐭 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 🌍 Circle has achieved a significant milestone by receiving an Electronic Money Institution (EMI) license in France, a crucial step for continuing its operations with USDC in Europe. Circle submitted its application for the license in March 2023, and the approval highlights the efficiency and attractiveness of the French regulatory environment (as they got pre-approval in December 2023). Why France? 🇫🇷 France stands out as a prime location for fintech and crypto companies for several reasons: 1️⃣ Dedicated Regulatory Manager: One of the unique advantages of France is the assignment of a dedicated regulatory manager from the French regulator (Autorité de Contrôle Prudentiel et de Résolution - ACPR) who works closely with your application. This personalized approach ensures smoother and more efficient communication. 2️⃣ Three-Month Response Time: France offers a clear and relatively quick response time of three months for license applications. 3️⃣ Passporting Benefits: With the EMI license, Circle can now leverage passporting rights to offer its services across the entire European Union. Signals to the Market 📈 🔹 Regulatory Confidence: Receiving an EMI license in France demonstrates regulatory confidence in Circle's operations and compliance framework. It sets a precedent for other fintech and crypto companies considering France as a base. 🔹 Market Expansion: With this license and passporting rights, Circle can now expand its services across the European Union, leveraging the benefits of the EU’s single market. 🔹 Alignment with MiCA: France's proactive regulatory environment aligns well with the upcoming Markets in Crypto-Assets (MiCA) regulation, which aims to harmonize crypto regulations across Europe. This alignment provides a stable and predictable regulatory landscape for businesses. France isn't the only attractive jurisdiction in Europe for payment services and crypto companies. Other attractive locations include: - Switzerland: Offers a friendly regulatory environment and is home to the Crypto Valley. - Estonia: Known for its digital-forward approach and efficient e-residency program. Lithuania: Emerging as a fintech hub with a streamlined licensing process. HOWEVER, I personally find Baltic regulators as unpredictable. Each of these jurisdictions offers unique advantages, and the implementation of MiCA will further harmonize regulations, making Europe an even more attractive destination for fintech and crypto businesses. What are your thoughts on Circle's choice of France and the broader European regulatory landscape? Which jurisdictions do you find most attractive for fintech and crypto companies? Share your insights in the comments below! 👇 #Fintech #Crypto #EMI #France #MiCA #Regulation #Circle #Blockchain #Compliance #USDC

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🎙 I recently had the pleasure of speaking on Lumières, a French podcast dedicated to women shedding light on financial markets. Joined by Imane Kabbaj, Head of Sustainable Investment Specialists at Carmignac, we discussed a topic that doesn't always get the attention it deserves - the Blue Economy. 🌊 Encompassing all financial activities linked to oceans, from fishing to maritime conservation, the Blue Economy is an essential part of the climate transition. Oceans have huge potential for carbon sequestration and climate change mitigation, and the role of climate finance in protecting maritime ecosystems - whether through government funding, Blue bonds, or Blue Carbon projects - cannot be understated. 👉 Listen in to learn more about my personal journey into the carbon industry and at BeZero Carbon, as well as the challenges and opportunities of scaling the Blue Economy, including the need for better communication and collaboration between climate scientists and the financial community

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📆 [#AmundiWIF] The day has come and the Amundi World Investment Forum has started with the opening speech of the CEO, Valérie Baudson. Hundreds of people are attending the two days event devoted to understanding the trends and the forces that are moving the world of today and tomorrow. Stay tuned! #assetmanagement #investments

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Very interesting exchanges at the AM prospective morning on the challenges of distributing ESG funds and on the how regulatory developments could help ensure sustainable finance remains attractive, meets the expectations of investors, and finances companies in transition. #sustainablefinance #ESG

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A few months ago we published our second edition of the SFDR barometer for #Manco. If you missed it, you can watch an insightful discussion between Bertrand Jaboulay and Geoffroy Marcassoli on the highlights of that report below 👇 https://lnkd.in/ekgvBnM5 #SFDR #SustainableFinance #ManCo #pwc #AIFM #investmentfunds #esg

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Dear All, An update as promised ⬇️ A month ago, when I finished my most recent executive role as a fund COO, I said I’d come back with an update on next steps and future plans. Since then I’ve been concentrating on my role as Chairman at InfinityQ Technology Inc in its transition from start-up to scale-up, as global groups such as Siemens Energy embrace the potential for quantum-inspired optimisation. More news expected in the coming weeks. I look forward to maintaining this as a focus alongside existing commitments to the The Royal Air Force Museum, Westmorland Spirits Ltd and Oriel College, Oxford. Beyond these ongoing roles, I shall continue to undertake strategic, execution, operational advisory, governance, consultancy and NED roles via my company, Westmorland Capital Ltd, including: * Financial services and technology strategy and operations. * Fund / JV set up (and wind-down) incl. coordination of advisors. * Ongoing NED governance / boards / audit, risk, HR committees. * Restructuring / Troubleshooting / Legal dispute management. * Fractional COO engagements. * Quantum and A.I. Strategy for all businesses and government. I’d be happy to discuss any needs you might have to identify and solve your particular challenges. My next engagement (advising on the launch of a new UK/EU-based global thematic fund) is expected to start in a few weeks. Please feel free to contact me for a chat or just to catch up. Best regards MG #funds #governance #nonexecutive #advisor #investment #privateequity #technology #quantum #ai #consulting #coo #regulation #legal

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Vivendi spins: lots of future dividends for Bolloré as - Havas will distribute at least 40% of its results - Louis Hachette will distribute 85% of its results - Vivendi remain could distribute exceptional/special dividends. Bolloré will have lots of cash sources to be deployed! To be followed!

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Alignment, a key concept at 2050. But why this word in particular? I recently had the opportunity to reflect on the origin of this concept, developed in collaboration with We Are Human, which has become our signature approach for supporting business transformations. It's fascinating to see how a word with French roots can take on its full meaning in the context of supporting business transformations. Alignment, for us, is much more than just a word. It's a philosophy that guides our approach, a way of thinking and acting that allows us to create deep coherence within organizations. #Alignment #FertileFuture

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  🔔 Today is the interview of Guillaume Laugier, Senior Product Manager of Euroclear, partner of CF&B Communication - Midcap Events , on the 1st & 2nd of October. 2024. Guillaume Laugier talks about WHO they are, WHAT they propose to SME’s, WHY they participate. As a Financial Market Infrastructure (FMI) group, Euroclear plays a central role in helping global markets to process securities transactions efficiently, enhance liquidity and reduce risk. Our powerful solution provides valuable insights about your shareholding structure, including a comprehensive, detailed list of your shareholders and more. 👉🏼 The Annual Midcap Event holds great importance within the Capital Markets industry, offering a unique platform for listed and pre-IPO companies from Europe to present their investment merits for the broader investment community. The event will comprise 2 full days of One-to-One’s, Group Meetings, Discovery Meetings, Workshops, Round Tables, Networking - and more! 📅 When? 1st & 2nd of October 2024 📍 Where? Hotel Westin Vendôme (Paris) ➡️ How? Get more information or register here: [email protected] Guillaume Laugier Silvia Benítez Masip Euroclear Thanks to Léava Cohen for the great job ! #entreprisescotées #investorrelations #smallandmidcaps #Midcaps #smallcaps #frenchtech #sociétésdegestion

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The FIR - Forum pour l'Investissement Responsable has launched an engagement campaign with nine leading local corporates that still have active operations in Russia. The companies targeted are hospitality provider Accor, manufacturer BIC, food giants Bonduelle and Danone, luxury goods giant LVMH, Orange, Pernod Ricard, materials company Saint-Gobain and customer service business Teleperformance. The engagement questions were written with the support of La Banque Postale Asset Management (LBP AM), another anonymous investor, the Business & Human Rights Resource Centre, and academic Viviane de Beaufort. The questions submitted by the French SIF cover the number of people employed by companies operating in Russia, the impact of the conflict on the companies’ human rights policies, what steps have been taken to ensure human rights risks related to company activities in Russia are addressed, and the ability to manage possible future conflicts. Thanks to Justine Apollin and Camille Bisconte De Saint Julien for your insights. #engagement #France #Russia #humanrights

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Paris Europlace today published its report aimed at reviving the #securitization market in Europe: https://lnkd.in/ejMxdHHS This report drafted by a working group co-chaired by Véronique Ormezzano and Gilles Saint Marc including banks, insurance companies, asset managers, financial markets infrastructures, credit rating agencies, lawyers and consulting firms, intends to propose to the European Commission specific regulatory and prudential objectives and targeted policy recommendations, ahead of the upcoming consultation that has been called for by European leaders. The ambition of the report is to allow securitization to benefit from an appropriate regulatory framework, likely to contribute to the proper financing of the dual #climate and #digital #transition. The report identifies four policy goals, and eight targeted recommendations that need to be addressed as a package to restore a viable securitization ecosystem: Regarding the supply-side, reducing the existing disincentives for banks to securitise as issuers, by: Reducing the excessive capital “non-neutrality” and implement a more risk-based approach; Reduce the excessive risk-weight floor applying to low-risk senior tranches; Reduce barriers to entry by streamlining the current burdensome assessment by the competent authority of the “Significant Risk Transfer”; On the demand side, revive the appetite of the insurance sector as investors or protection sellers by removing existing regulatory obstacles: Amend Solvency 2 calibration to realign securitization capital charges with other assets of similar risk; Make insurance companies as providers of credit insurance eligible to the less penalized STS segment. Removing obstacles for banks to invest in third-party securitisation and thus improving liquidity conditions for all market participants: Revisit current punitive haircuts applied in the LCR framework; Enlarging the access to securitisation markets for financial and non-financial participants: Review the current disclosure and due diligence rules, to better taylor them to specific types of instruments and types of investors; Acknowledge the importance of avoiding de facto crowding out European players from non-EU securitization markets, by developing some form of equivalence or mutual recognition with other key jurisdictions. Paris Europlace will continue to promote these policy recommendations to the European and national authorities and calls for an ambitious implementation timeline, so that securitization can deliver its full potential to finance EU ambitions early in the new EU legislative cycle, in line with the sense of urgency put forward in the #Draghi report, as well as earlier #Noyer and #Letta reports. Many thanks to all contributors, notably Georges Duponcheele Baptiste UGUEN Christine Van Gallebaert Emmanuel De La Rochethulon !

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