FinMetrics celebrates its 20 years in Luxembourg

On February 26 at House 17, FinMetrics gathered some of the Luxembourg financial community of corporate treasurers, active under the Luxembourg Association of Corporate Treasurers (ATEL) to celebrate there its 20 years anniversary.

FinMetrics, in collaboration with Refinitiv and the Luxembourg Association of Corporate Treasurers (ATEL), organised the conference on "Compliance & Monitoring: Technology supporting the Corporate Finance Function". It was an event designed to celebrate and to thank our clients for their support all these years, but also to bring a real interactive debate on governance, risk and compliance (GRC).

Since its inception in 1998, FinMetrics has been providing accompaniment in financial risk management to a variety of institutions, including private banks, multinational corporate treasuries, insurance companies and insurance captives, and funds of hedge funds. But we rapidly understood, at the end of 1999 with the new century round the corner, that the convenience of a pragmatic implementation could be key in terms of adoption of a good risk governance culture, not for control or for just official reporting, but for managerial effectiveness.

Somehow, it took more than 15 years to see more widely the idea of monitoring starting to replace that of traditional reporting workflows...and to see risk monitoring bing used for managerial purposes rather than just for regulatory reasons. But we are now there.

This introductory note by Hugues Pirotte (co-founder of FinMetrics) & Nicolas Falmagne (MD Nordics & Benelux Refinitiv), was followed by an interesting keynote on "Integrated Risk Management: Fake News or Panacea" by Maurits Le Poole (Business Development, Enterprise Risk Management, Refinitiv).

Patrick Verspecht, François Masquelier and Hugues Pirotte

In a second part, we were happy to have with us Robin Page, CEO of Treasury Magazine International (TMI), who proceeded to present one of the cases that received an Award in London last month, for its achievements in 2018. This case in particular was the case François Masquelier, Group Treasurer of RTL Group/Bertelsmann, presented on their use of FinBoard and how intelligent financial dashboarding has been helping them for some years now, with many details on their user experience. This case, on "the Interaction of Technology & Financial Engineering for Leaner Management" received the Award of Best Emerging Technology Solution. Robin Page then opened the debate with Maurits Le Poole and Hugues Pirotte on key topics for the corporate finance function linked to the case.

Philippe-Emmanuel Partsch, Partner, EU Competition Law, of Arendt & Medernach, closed the presentation time with his view on the challenges raised from the latest outcomes of the Brexit crisis, with cross-border issues, ISDA regulations,...

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