Prometeia Schweiz

🚀 Prometeia Brief July 2024 📊 The new Prometeia Brief 2024 is now available, offering a detailed overview of global and Italian economic trends. This report highlights the challenges and opportunities ahead in the coming year. 🔍 Key Highlights: - Global GDP Slowdown: Modest deceleration in global GDP growth from 3.3% in 2023 to 3.2% in 2024. - Italian Economic Resilience: Italy's GDP growth forecast revised upwards to 0.9% for 2024, driven by sustained construction investment. - Inflation Trends: Inflation is falling more slowly than expected worldwide, impacting monetary policies. - Sectoral Insights: Growth in household consumption and durable goods sales, with a notable impact from automotive sales. - Construction and Investment: While residential construction investment is expected to drop due to the phasing out of the Superbonus 110%, overall construction investment remains supported by backlogs and NRRP-related projects. For more in-depth analysis, check out the full report.⬇️

✨ Pillar 3 Disclosure and Climate Transition Risk: where do we stand?✨ With rising demand for ESG information, the European Banking Authority (EBA) now requires large banks to disclose ESG risks starting from 2023, with plans to include Less Significant Institutions. These disclosures, part of Pillar 3, were enhanced in 2024 with new templates detailing the Green Asset Ratio (GAR)🌿, showing the proportion of "green" exposures as per the European Taxonomy. 🔍Our analysis of 55 banks across 16 countries focuses on transition risks: 📈 WACI: The European average is 46 grams/euro, slightly up from 2022. Notably, the Netherlands has increased WACI due to a new bank's high exposure to carbon-intensive sectors. Austria maintains the lowest WACI at 18 grams/euro, and Italy stays well below the average. 📊 GAR: The average GAR is 5%, with Italy notably lower at 2%. Current GAR metrics may underrepresent banks with significant SME portfolios not subject to NFRD regulations. 🏠 Energy performance of collateral properties: A challenge remains in obtaining energy certifications for collateral properties, especially older ones. Lithuania and the Netherlands lead with over 50% certification, while Germany and Cyprus lag. Efforts are underway to standardize Energy Performance Certificates across Europe. 🌍 Future Developments: From June 2024, Pillar 3 reports will include the BTAR measure, which, alongside GAR, aims to provide a comprehensive view of banks' management of climate and transition risks. Regulatory efforts are enhancing data standardization and digitization, improving transparency and accessibility. ➡️ Read full article: https://lnkd.in/dt7j8QDE Francesca Bedetti @Martina Del Monte Sofia Maria Lauriola

🌟 We're thrilled to share that Vincenzo Molè, Principal Climate Change and ESG Risks at Prometeia, will be leading a comprehensive course in London on hashtag #ESG! 📚 📅 June 11–12, 2024 📍 133 Houndsditch, London 💡This in-person course is designed to equip professionals with the knowledge and skills needed to stay ahead in the ever-evolving landscape of industry development and regulatory expectations. 🔎 Sessions will cover crucial topics such as ESG integration, hashtag #climaterisks, investor expectations, sustainable practices, and regulatory disclosures. Participants will engage in group discussions to explore emerging themes and develop strategies for navigating ESG and climate risk in financial assessments. ✨ Don't miss this opportunity to learn from an industry expert and engage in dynamic discussions on sustainable investment practices and climate risk integration! ➡️ For more information and to register, please visit: https://lnkd.in/dZiGKHb9

📅 22-24 May 2024 | 📍Frankfurt, Germany 🎉 We are proud to announce that we sponsor the 6th Annual Model Risk Management for Financial Institutions hosted by marcus evans Group. 💡The event brings together practitioners from all over Europe to discuss new strategies for effective model validation, and monitoring in the era of #AI and #machinelearning. 🙌 On the first day, Secil Arslan (Associate Partner & Head of Data Science International Business Prometeia), speaks about "The new frontier in AI validation: Prometeia’s GenAI/LLM Validation Framework". 👀 Take a look at the full agenda: https://lnkd.in/dxePrtHh

🎉 We are excited to announce our sponsorship and participation in the XXV Workshop on Quantitative Finance (QFW2024) in Bologna from April 11th to 13th, 2024, hosted by the University of Bologna (Alma Mater Studiorum – Università di Bologna). Join us on April 12th for a round table on "Risk and Intelligence: Exploring the Intersection of Finance, Insurance, and Artificial Intelligence", featuring a keynote by Lea Zicchino, Senior Partner Prometeia. ✨ Don't miss this opportunity to engage with top minds in quantitative finance! ➡️ More info: https://lnkd.in/dJ7NVwBa #QFW2024 #QuantitativeFinance 

Euribor, what's new❓ 📈 The European Money Markets Institute (EMMI) announced that it would implement a revision to the methodology for calculating #Euribor. The revision aims to reduce the burden on the panel of banks and improve the accuracy of the rate. The new methodology introduces two improvements: expanding the basis for Level 2.3 contributions and introducing a more refined adjustment factor (MAF). The transition to the new methodology will be phased in over a 6-month period starting in May 2024. ➡️ Read our analysis: https://lnkd.in/epkG6Z-E #financialmarkets

🏆 We're thrilled to announce that Prometeia was named a #WealthTech100 company in 2024! ✨ FinTech Global selects the world's top 100 innovative technology providers transforming wealth management, private banking, and financial advisory. 💡Our Digital Wealth Management Platform has earned this honor by supporting the entire investment advisory process. The front-office toolset helps advisors better serve clients and manage their portfolios. Being chosen for this list highlights our commitment to meeting the evolving needs of financial institutions as they embrace digitalization, engage clients, enhance productivity, and ensure compliance and service quality. ➡️ Contact us to find out more about our solutions and read more about the award here: https://lnkd.in/e3te58VA Don't forget to visit www.WealthTech100.com to check out the full list! #wealthmanagement #wealthtech #digitalwealth #investmentadvisory

🔍 Specialized Lending & Slotting Approach 📈 In today's banking landscape, specialized lending drives growth in sectors like renewable energy and real estate. ✨Our latest paper explores this, focusing on the Slotting Approach's role in assessing risk and profitability. 💡Discover Prometeia's tailored Slotting Model methodology within current regulations. ⬇️ Download the white paper by Marco Stella, Mattia Pasquini and Federico Tacchetto, CQF.

What are the potential costs of the retrofits necessary to meet the #Energy Performance of #Buildings Directive? And what are the associated benefits? We answer these questions by looking at the data contained in residential buildings’ Energy Perfomance Certificates. #green #EU https://lnkd.in/dVKk87zM

We’re honored to have earned the Wealth Briefing European “Risk Management” award for this year! 🏆 Wealth risk management is a centerpiece capability of Prometeia's Digital Wealth Management Platform and of our expertise in general. We leverage cutting-edge risk methodologies to calculate a wide range of risk measures, based on our data & analytics feed. Risk profiling, portfolio calculations and data provision remain the core features of the software to this day. A big thank you to ClearView Financial Media and Rachel Fokes for organizing the event and read the entire press release here: https://lnkd.in/dRBN7u7N #riskmanagement #risk #wealthbriefing #wealthmanagement #data #analytics #advisory