Cristian Bertilaccio

First roundtable of the event "La Journée du Commerce CB" organized by Cartes Bancaires CB in STATION F , Paris. With Éric Revel , JACQUES BAUDOZ , Marc Lolivier , Philippe MOATI and Layla Rahhou. Among the key ideas : ✔️There is a strong transformation of commerce, in the long term, in France 🇲🇫 (post-Covid context, new needs of consumers, digital transformation, green expectations...) ✔️Merchants and retailers are aware of this reality and don't hesitate to do some experimentations... ✔️... Nevertheless, there is a strong issue in the field of business models ✔️It is not a good idea to confront commerce and e-commerce : there is a strong interaction between these two sectors... ✔️... Today, 42 M of french consumers do transactions in e-commerce, and 65% of French consumers think that digital has a positive impact in commerce (in terms of price, access to some products...)... ✔️... E-commerce and digital are also seen as an asset for accessibility #payments #innovation #commerce #cb 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

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#ForumdesInvestisseurs2024 Table ronde n°2 : quel regard portent les LP sur les moteurs actuels du marché ? 📌 Francois Aguerre – Partner, Co-Head of Investment, Coller Capital 📌 Greg Durst – Senior Managing Director, Institutional Limited Partners Association (ILPA) Europe 📌 Annabelle Judd – Managing director, Campbell Lutyens Animée par Asmae Kaddouri.  « The deal flow from GP is so much slower that LP have less capital to invest. LP are more critical of GP. They reduce the amount of capital they invest. »,  Greg Durst. « Pretty much everybody knows now what a continuation fund market is. », Annabelle Judd. « As regards the lack of liquidity, the big issue is M&A. »,  Francois Aguerre

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👁‍🗨 Harnessing the transformative power of GenAI is the next frontier for businesses in the digital age. 💡 How are you navigating the challenges and opportunities presented by AI integration to stay ahead of the curve? Source: Wavestone #GregCannon #gcann #gcannTips #BrandMarketing #SocialMediaTip #ConsistentBranding #BrandingTips #Interstate15 #i15offical

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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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BCG’s M&A Sentiment Index is now live! Get a monthly pulse check on the market sentiment for M&A. It indicates the M&A market's direction up to six months out. Where is it now? 78, which is below the ten-year average of 100. That said, it's a nice recovery from the low of 62 in August 2023.   I invite you to use this index plus BCG’s proprietary insights on deal drivers and trends to make informed decisions about the trajectory of the M&A market.   Here's the link: https://on.bcg.com/3W2HXLQ

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Discover the reasons behind the $135B decline in UK M&A deal value in 2023 by watching our webinar recording featuring Bain's M&A experts, Peter Horsley and Suzanne Kumar, as they delve into Global and UK M&A industry insights.

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Our 2023 #Sustainability Report is out! This 'Just Transition' edition reflects our collective efforts at BNP Paribas Personal Finance with both long-standing and new partners to advance sustainable finance. Since 2019, we've been diligently measuring our #sustainablefinance outstanding, focusing on sustainable mobility and home energy transition. By the end of 2023, we've reached €8.9 billion in sustainable finance outstanding. Our customers and partners are navigating the complexities of the ecological transition. The demand for responsible consumption solutions, without compromising the household budget, is growing. We aim to be the budget companion of our customers needs, providing decision support tools through strong and trusted partnerships. Together, we are making significant strides towards a just and sustainable future. Let's continue this important journey 👏 #ForAJustTransition #CSRD #EnergyTransition

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📌 The FDIC's 2024 Risk Review has been published, offering a detailed assessment of risks in economic and market conditions impacting the banking industry. We summarized the key highlights from the section on Commercial Real Estate (CRE) under Credit Risk: ✔ Market Performance ✔ Loan Exposure ✔ Credit Quality ✔ Refinancing Challenges 👉 For a deeper dive into 2024 Risk Review Highlights and its impacts on the banking industry, read the full summary in our latest blog: https://lnkd.in/eqjds87Z #RegulatoryReporting #RegTech #Banking

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Indeed, despite some headwinds, BNP Paribas 1Q24 excellent results illustrate the business performances and strengths of our diversified model in a fast changing world. At Arval BNP Paribas Group, needless to say we are very proud not only to be part of such a strong company and the collective performance, but also of our contribution to these results. It’s a proof that we're working every day to give to our clients the best solutions and service quality to support them with their fleet and mobility needs.  #BNPPResults #ArvalImpact #BNPParibasMobility

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Celebrating #EuropeDay: A Call for a Unified and Resilient Europe As we commemorate Europe Day on May 9th, it's more crucial than ever to reflect on the current challenges and opportunities our continent faces. Amidst the complex dynamics of global geopolitics, pandemics, and technological advances, the European Union finds itself at a crossroads, necessitating a more integrated and robust political and economic structure. Today, the need for a Political Europe is more pressing than ever— a Europe with a defence union and a coherent foreign policy capable of making the EU a reliable and formidable geopolitical partner. These capabilities are essential not only for defending ourselves but also for actively shaping the new global order. The events unfolding around us, from energy dependencies to conflicts at our borders, highlight the limitations of our current fragmented approach and the urgency of transitioning to a more cohesive political framework. Furthermore, the EU must embrace a new economic model characterized by resilience, sustainability, and innovation. This model should be robust enough to withstand crises, green enough to lead the climate transition, and innovative enough to boost productivity and support our social model. The EU should be capable of financing the double transitions — digital and green, as well as defence and innovation. For this reason, it is of utmost importance to advance the Capital Markets Union (#CMU) as well as to develop a credible fiscal facility. History teaches us that a functional political union cannot exist without a significant central budget. The upcoming EU elections are not just a routine political event; they represent a critical test of our commitment to maintaining an open society and fostering active citizenship. They provide a unique opportunity to highlight the achievements of European integration while also addressing the actions required by these challenging times. The elections may determine whether the EU can continue to be a sanctuary of freedom and justice in a tumultuous world. On this Europe Day, let us rally behind the vision of a truly integrated European Union. It’s time for all Europeans, especially the youth, to challenge the unrest and populism that threaten our collective project. Let's all commit to an EU that innovates, protects, and inspires—an EU that not only adapts to challenges but thrives on them. The EU, an incomplete Political Union, despite the threats it faces today, remains the embodiment of freedom and the voice of sanity in a world that seems to have lost its direction. #EuropeDay #EuropeanUnion

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Second roundtable of the event "La Journée du Commerce CB" organized by Cartes Bancaires CB in STATION F , Paris. With Michel Sapin, Cécile BARATEAU Amandine de Souza Jean-Raymond Dumas. Among the key ideas : ✔️Payment is key for transfo in commerce ✔️The card is a key tool but many retailers already study new means of payment, like wallets (even some proposals of the big tech like Apple) ✔️HR in payments is a key aspect for retailers : it is important to integrate in retail companies experts in payments... ✔️... But partnerships are also key to integrate the innovations of payments with a certain agility #payments #innovation #commerce #cartesbancaires #cb 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

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Second debate of Paris Finance Forum 2024 organized by Paris Europlace. Among the key ideas : ✔️Considering risk as an opportunity is a key state of mind for the European financial hub ✔️Creating employment is a key asset for financial markets ✔️Improving financial literacy in Europe is important : we need to educate people and consumers in order to create "educated savers" ✔️It is important to foster competition in the international financial markets #Finance #Innovation 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

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Zodia Custody: a distinctive approach to digital asset management Discover the #FOAM24 interview with Gerry Afentakis from #ZodiaCustody, where we delve into the world of their company, deeply rooted in #security, and #regulation: 👉 Dedicated to security, regulation, and a prudent approach, 👉 Culture shaped by these #corevalues, setting them apart from competitors, 👉 Committed to be the layer of trust for today's businesses. As the #digitalmarket evolves rapidly, Zodia Custody remains at the #forefront by addressing changing needs while offering a unique #valueproposition. https://lnkd.in/eAYdPcmC #wealthmanagement #assetmanagement #digitalassetmanagement #familyoffice #fintech #DAM #ecosystem #hubfinance

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🇫🇷 #France is entering a phase of political instability, and the upcoming government will likely find it challenging to achieve fiscal consolidation. It may also need to accommodate the left-wing's push for increased spending. ➡ With no party able to secure a majority, it is probable that the left and center parties will either form a coalition government or collectively back a more technocratic administration. ➡ Technically speaking, a grand coalition (Ensemble + PS + LR + DD + UDI + Others) without LFI and RN is still possible. ➡ Given French politicians’ mood, a chronic instability is likely. ➡ On the economic front, while the policies of the new government are still uncertain, it is clear that France is beginning from a challenging fiscal position, with an anticipated deficit of ~5% of GDP in 2024 and debt exceeding 110% of GDP. ➡ Political instability is likely to weigh on growth from September (after OG and summer) and risks associated with prospects for 2025 (and beyond) are skewed to the downside. ➡ Looking at markets, it seems that foreigners look more relaxed about the outcome as a hung parliament is better than an extreme majority for now. Yet, domestic investors could be more nervous and the real test will come at the European open ⚠

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"Capturing the multitrillion-dollar Digital Asset market - Strategies to win the race", very interesting article published in May 2024 by Roland Berger. 👇 This article examines what #executives need to consider to position their companies for success in the #digitalassets space, capture upcoming growth opportunities, and establish a solid #competitive advantage. Link: https://lnkd.in/dHSxur4t #web4 #web5 #fintech #digitalera #defi #cryptocurrency #digitalcurrency #virtualassets #digitalassets #virtualcurrency #digitaltransformation #blockchain #dlt #stablecoins #cryptoassets #web3 #tokenization #RWAs #NFTs #DAOs #RWAs #staking #mining #ZKPs #tokenomics #gamefi #lending #CEXs #DEXs #DePIN #LSTs 

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Agence Française de Développement unveiled their 2023 Group results to the media" 📈 €13.5 billion of activity for the Group 📈1,000 new financings. 📈€11.4 BILLION The volume of new projects signed by the Group in 2023  📈3,600 projects being implemented 📈A presence in more than160 countries and 11 French Overseas Territories and Departments  📈€7.5 BILLION of financing committed by the Group to combat climate change and its effects (including €3 billion for adaptation)  📈€1 BILLION of financing committed by the Group for biodiversity, already exceeding in 2023 the target for 2025  📈64% of the projects signed by the Group in 2023 contribute to tackling gender inequality, a higher percentage compared to 2022 📈52% of commitment benefit nonsovereign operators (civil society organizations, local authorities, the private sector) Full report can be viewed here: https://lnkd.in/dsQA25SS #ResultatsGroupeAFD #AFDreport

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