Arnaud Clément

Illustrating the importance of defining and measuring the right #Metric / #KPIs.

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The transcribe is actually decent

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In the last few days, all the news portals & websites were covering and highlighting the main results and outcomes of the European elections. But for the non europeans, it is not clear which is the driver for the election and the structure of those politicians, combined with the countries. So I asked AI to help me understand, hereunder you can find the output. Enjoy! Introduction - The European elections determine the composition of the European Parliament, influencing EU laws and policies. - Held every five years, they reflect the political dynamics and future direction of the EU. Structure of the European Parliament The only directly elected EU body. Composed of MEPs elected by citizens of the 27 member states. Representation is roughly proportional to each country's population. Election Process Voting System: Proportional representation allows multiple political parties to gain seats. Eligibility: EU citizens aged 18 and above can vote over a four-day period. Major Political Groups EPP (European People's Party): Center-right, Christian-democratic. S&D (Progressive Alliance of Socialists and Democrats): Center-left, social democracy. RE (Renew Europe): Centrist, pro-European integration. Greens/EFA (Greens/European Free Alliance): Left-wing, environmental focus. ID (Identity and Democracy): Right-wing, anti-centralization, and anti-immigration. Key Issues in Recent Elections Economic Policy: Eurozone management, fiscal policies, post-COVID-19 recovery. Climate Change: Policies for carbon neutrality by 2050. Immigration: Migration and asylum seeker policies. Rule of Law: Adherence to democratic principles within the EU. Digital Transformation: Digital economy, data privacy, and innovation. Voter Turnout and Engagement Voter turnout varies but is generally lower than national elections. Efforts to increase engagement focus on the direct impact of EU policies. Implications for the EU and Beyond Election outcomes influence EU policies and its approach to global challenges. Pro-integration parties may push for deeper unity, while Eurosceptic MEPs could lead to more nationalist measures. Conclusion Understanding European elections is crucial for grasping EU political and economic trends. These elections shape the legislative agenda and reflect Europe's evolving political landscape, affecting global politics and international relations. Did you like it? Any correction or comment you would add to improve the AI on this?

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The more I deepdive into AI world, the more I’m convinced about the most important ingredient in succesful AI transition: leading change. 💡 70% of success comes from your people & processes, 20% techology & IT and 10% from algorithms. In other words, if you want the AI transformation to be a success, focus on systematic leading change in all organization levels. This is a great article reg. this topic. https://lnkd.in/dseGFYeY

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Addressing common innovation and regulatory challenges (Mutualization) collectively is a key strategic focus for the coming years. **INNOVATION IMPOSES COLLABORATION.** 🤝✨ Let's stop everyone inventing the same mandatory regulatory solutions. 🔄 The mutualization approach reduces significaly the internal complexities of financial institutions and has really global market potential. 🌍💡 (Let's put our personal ego aside) 😌🤲 Let's leverage our excellent network/knowledge and enhance our financial sector's scalability. 📈🌐 Let's not just discuss and agree—let's FEDERATE and take action. 💪🚀 While it involves investment (yes, it's not for free), the entire financial sector will benefit. 💰🎉 Let’s unite ABBL , ACA Luxembourg, ALFI - Association of the Luxembourg Fund Industry alongside our regulators Commission de Surveillance du Secteur Financier (CSSF) Commissariat aux Assurances (CAA) and with the support of Ministry of Finance, Luxembourg Gilles Roth Let's not just discuss and agree—let's FEDERATE and take action. 💪🚀 #ai #mutualisation #compliance #letzmakeithappen The LHoFT - Luxembourg House of Financial Technology Finance & Technology Luxembourg ICTLuxembourg

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📢 "The Art of Questioning" #podcast episode just released 🔥 What if one simple, well-crafted #question could transform your life and those around you? This conversation sets the stage for how asking the right questions can bridge knowledge gaps, spark innovation, and build deeper connections. In this episode, I experience a new format to diffuse practical insights: an open and engaging discussion with Serenity. https://lnkd.in/eAvYDDra #personalgrowth #continuousimprovement #innovation #engineering #technology

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AI have immense advantages for this generation and the next BUT we have to understand as well that it contributes negatively to our environment…as it requires enormous amount of energy to power the systems that runs in the background…. https://lnkd.in/gpchrT3x

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For #PaymentServicesRegulation #PSR recommendations, read on! 👇 Last week, Anna Martin and I had the pleasure of presenting the #ERPB Fraud workgroup results to political attachés in Brussels, with the aim of educating them about our collective multi-stakeholder perspectives and recommendations on fraud prevention. These are no-regret moves for Brussels, as they portray the views of a very wide range of impacted stakeholders in Europe! 🤝 We presented four gamechangers, each made actionable with specific recommended actions: 1️⃣ Effective cross-sectoral collaboration beyond the payment industry and shared responsibilities; 2️⃣ Sharing of fraud insights and data, across the fraud chain; 3️⃣ Supervisory enforcement and cooperation at EU level across sectors beyond the payment industry; 4️⃣ Ensuring that product design prioritizes consumer protection. Regarding #PSR; to all those who have the ability to influence and/or (re)write this essential piece of regulation, please take Gamechanger 2️⃣, actions 13 and 15 as well as Gamechanger 3️⃣, actions 13, 15 and 16 to heart! The citizens of Europe will thank you for keeping them safe! 🙏 See link for full report on the #ECB European Central Bank website: https://lnkd.in/ew6TTwd8 (Image credits to Microsoft Copilot. Prompt: Two criminals who are broke because the Payment Services Regulation made it impossible for them to defraud consumers 😉)

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🍺 Databeers Luxembourg 🍺 Yesterday, I had the pleasure of attending the 1st Databeers Luxembourg Event. The event brought together a diverse range of speakers and attendees, from data enthusiasts to seasoned professionals. For those interested in the intersection of data and creativity, Steve Albrecht, founder of LuxData and Data Studio Luxembourg, presented various projects. This talk explored how data can be used to create data stories through open data, interactive dashboards, and storytelling techniques. The following session, "From Zero to Hero: Combatting the Imposter Syndrome," was particularly insightful for those new to the field of data analysis. Bruno Cambier, a seasoned data analyst with a career transition story, shared his insights on starting a career in data analysis and navigating the complex data landscape. Healthcare professionals and data enthusiasts alike found Gregor Baertz 's "Data Meets Health" session valuable. Dr. Baertz, Chairman of the Luxembourg Institute of Health, delved into the world of health data, showcasing how large datasets can be used to identify patterns and improve healthcare outcomes. Data governance remains a crucial aspect in the age of AI. Frank POIREAU, a governance and strategy expert, addressed this topic in "Is Data Governance Still a Thing?" He emphasized the importance of data governance and offered key points for implementing it in the AI era. For those passionate about outdoor sports, Fred Giuliani, CIO of LetzTrail, presented "Geolocation in Outdoor Sports." This talk explored the secrets of data geolocation and its applications in the context of outdoor activities. The agenda concluded with "What Happened to Data Management?" by Aymen Elloumi, Data Practice Manager at HumanTech. This session explored how data management is evolving to prepare for the age of AI. Overall, this Conference was a valuable event for anyone interested in staying up-to-date on the latest trends and innovations in the data field. I highly recommend checking out future events from the organizers. #Databeers #DataScience #MachineLearning #ArtificialIntelligence

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OpenAI gave an excellent presentation today. It shows how AI will transform our daily lives as we share our challenges with them. However, within the EU, regulation can block a lot of exciting futures, which I feel shame about. https://lnkd.in/dfDhEM4G #AI #OpenAI #GenAI #ChatGPT

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🇱🇺 Since 1999, Linedata has maintained a strong presence in Luxembourg, primarily focusing on ManCos. Linedata has closely monitored the evolving regulatory landscape, not only from the Luxembourg Financial Sector Supervisory Commission (#CSSF) but also within the broader EU regulatory framework. As regulatory challenges continue to rise, what strategies will be adopted to address them? 💭 Linedata’s Aldric Dupaïs spoke to Paperjam, please follow the link in the comments. 👇 #Luxembourg #Outsourcing #compliance #Mancos

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IIPP’s Mariana Mazzucato & David Eaves discuss why central banks must create & shape a new digital infrastructure around interoperable payment systems to increase competition, inclusion & accessibility and gain new tools for managing crises. Read their op-ed here ➡️ https://lnkd.in/gxC3nbmy

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Last week, team members from Avantage Reply attended a two-day event in Brussels hosted by Zest Reply to discuss the use of Generative AI (GenAI) in financial services. As well as discussions around the fundamental concepts of GenAI, the team participated in a number of live demonstrations and hands on workshops. We also delved into the structured frameworks which describe processes and controls essential for the successful adoption of GenAI within firms. As with any innovation, it is always important to understand the risks. We discussed the importance of ensuring that appropriate governance and risk structures are in place to implement GenAI solutions responsibly. The team gained useful insights on the potential of this disruptive technology and its implementation in a responsible manner, which will pave the way for our new and existing clients with their strategic transformation. It is clear that the use of GenAI will become increasingly important for financial services firms to embrace in the future in order to remain competitive. This is due largely to the potential for significant improvements in productivity that it will enable. Whether it is used for meeting minutes’ transcripts, improving customer service responses, transaction monitoring, or even developing credit risk models, the possibilities are endless. Avantage Reply, part of the Reply Group, specialises in Financial Services consulting with a focus on Risk Transformations, Treasury and Capital, Quantitative Modelling and Regulatory Advisory. Our wealth of expertise allows us to effectively support our clients to implement and comply with the evolving regulatory landscape. Please get in touch to discover how we can help your firm. Frederic Gielen Vishwas Khanna Rohan Wilson Jake Palmer Valentina V. #GenAI #RiskManagement #Consulting

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[#RegCentre] #ECB announced important changes to its Supervisory Review and Evaluation Process (#SREP) . See below our highlights. The SREP has become one of the main supervision tools of the ECB and its Joint Supervisory Teams (#JST) since its introduction almost 10 years ago. However, the process is lengthy and needed to be adapted to the new banking environment and the evolving risks faced by banks. The changes introduced are the results of lessons learnt from past cycles, external expert reviews, and industry feedback. This “new and agile SREP” should make #supervision more efficient, transparent, and effective at assessing risks for supervisors and banks. The changes are introduced gradually up to 2026. Main changes for banks: ✔ A comprehensive planning, to better schedule activities (e.g. OSIs, Targeted review) for each bank throughout a SREP cycle, and ensure they match more closely the ECB-wide supervisory priorities set out by the Supervisory Board. ✔ The definitive implementation of the multi-year assessment (MYA), started for the 2023 SREP cycle, and which allows JSTs to prioritise some topics for in-depth assessment during a cycle, while postponing less significant ones according to a specific risk tolerance framework. ✔ A flexible timeframe for the risk assessment system (RAS), to broaden the time range of the assessment part of the SREP which is currently centred around annual financial report in March. This provides more time for the JSTs to gather data year-round, allowing them to spread their activity better, which speeds up the whole process. ✔ Streamlined decisions, focusing on key supervisory concerns, outlining expectations, and including actionable measures only where needed. This reduces the time needed for the drafting and review parts, also decreasing the process length. ✔ Increased proportionality in SREP activities and related requests, reducing the burden for less significant banks. ✔ Modernisation of some processes though increased use of supervisory technologies enabling more automation, better access to data and risk analysis or modelling. ❗ Revised methodologies including for Pillar 2 requirement (P2R) with more focus on emerging risks and simplification efforts. Timeline: ✔ This update aligns with recent initiatives which also aimed at a more risk-based, simplified approach in the SREP process to reduce burden for banks and optimize supervisory resources. ✔ JSTs among other teams involved in the SREP will carry out these changes, involving and informing banks.  ✔ For these changes, ECB announces a gradual roll-out in the coming cycles -      2025 for the MYA, flexible timeframe and streamlined decision parts -      2026 for the P2R methodology See the ECB Blog on this: https://lnkd.in/gJ_Bbm6U Subscribe to our FS regulatory insights newsletter: https://lnkd.in/gBbvjct5 Gregory Marchat Sylvie Matherat Loïc Pierdon Paul Hamalainen David Labella David CIOLFI Meglena Grueva

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