PROMETHEE

In recent decades, Europe has been at the forefront of economic integration, owing to successive enlargements of the internal European internal market and (within the Eurozone) the advent of a common currency. Indeed, European corporations have actively pursued the new opportunities offered to them both within the continent and at the global level. Europeans nevertheless fear job losses either due to delocalisation out of Europe, or to the loss of competitiveness of European companies failing to adapt to globalisation.

This book consolidates the sentiments of eminent corporate leaders and thinkers who have agreed to share their experiences at the helm of their respective organisations, and to discuss the lessons they have drawn from their own encounters with globalisation. It also provides some analytical contributions pertaining to the main challenges of globalisation, and their leading resolutions.

The present climate of disillusion in world markets calls for qualitative as well as quantitative enhancement in the information that is shared between market participants and with regulators. This publication analyses the three “pillars of quality” on which enhanced transparency can develop:
• the quality of the information companies provide,
• the quality of the standards that allow to transform this information – financial and non-financial – into trustworthy, structured knowledge,
• the quality of the governance, and of the information that allows investors to assess it, both for companies and for the firms contributing to the “reporting value chain”.

Hence, for the first time, some of the world’s most eminent artists join forces with leading thinkers and with outstanding practitioners such as the Prime Minister of Portugal, when he was chairing the Council of the European Union, or the Head of Deutsche Bank, in a free-flowing, insightful dialogue on technology, cultural integration, power and value creation.

Securing the business benefits of globalisation: a European perspective A PROMETHEE publication for Unisys December 2005
	In recent decades, Europe has been at the forefront of economic integration, owing to successive enlargements of the internal European internal market and (within the Eurozone) the advent of a common currency. Indeed, European corporations have actively pursued the new opportunities offered to them both within the continent and at the global level. Europeans nevertheless fear job losses either due to delocalisation out of Europe, or to the loss of competitiveness of European companies failing to adapt to globalisation. This book consolidates the sentiments of eminent corporate leaders and thinkers who have agreed to share their experiences at the helm of their respective organisations, and to discuss the lessons they have drawn from their own encounters with globalisation. It also provides some analytical contributions pertaining to the main challenges of globalisation, and their leading resolutions.


Enhanced Transparency meeting European investor's needs A PROMETHEE publication for Standard & Poor's
	The present climate of disillusion in world markets calls for qualitative as well as quantitative enhancement in the information that is shared between market participants and with regulators. This publication analyses the three “pillars of quality” on which enhanced transparency can develop: • the quality of the information companies provide, • the quality of the standards that allow to transform this information – financial and non-financial – into trustworthy, structured knowledge, • the quality of the governance, and of the information that allows investors to assess it, both for companies and for the firms contributing to the “reporting value chain”.


Resilience and Value financial institutions creating value in the post-9.11 world A SWIFT / PROMETHEE report
	For several years now, SWIFT has invited PROMETHEE, a non-profit think tank, to add depth to the Sibos “critical dialogue” in the form of an annual book involving eminent regulators, central bankers, technology experts and financial leaders. PROMETHEE has been working for two decades on the global networked economy and The Economist has included them in its shortlist of “the world’s twenty good think tanks”. In line with priorities of the SWIFT community, the subjects covered have been the impact of networks on the working of financial institutionsand the business models emerging at the time whene-euphoria was beginning to be re-assessed. Then came 9.11 and the needfor the financial industry to achieve much higher levels of resilience, the subject of the present book, Resilience and Value.


The euro, EU enlargement and the challenge of risk mitigation september 2002
	By eliminating currency risk among 12 countries already – soon to be joined by Central Europe’s accession countries – and by fostering Europe-wide integration of money, bond and equity markets, the euro has radically transformed financial risk management in Europe. Meanwhile global initiatives like CLS – the Continuous Linked Settlement clearing house for foreign-exchange markets – also herald a new era in industry-wide cooperation with central banks and regulators to eliminate or mitigate risk in cross-border operations.


Strategic conversations on business models @ the financial frontier september 2001
	A storm of re-evaluation has taken the world economy by surprise. Gone are the days of e-euphoria: the clouds of recession and e-disenchantment call for intensely disciplined business models. Yet a new frontier of win-win strategies can turn painful adjustment into shared opportunities. First, the geographic frontier: coming after two decades of high-growth, and with major repercussions for Singapore and Hong Kong, the accession of China to the WTO lays the foundation for a new phase of market opening, joint ventures and social progress with repercussions far beyond Asia. Second, the frontier of “e” in which disintermediation is a fait accompli: as technology leaves the back-office for the Boardroom, electronic auctions, ECNs and e-money challenge existing market models and regulations. Third, the kaleidoscope of market infrastructures essential to cost reduction, risk mitigation and value creation: must the industry choose between economies of scale and customized solutions? Or can it develop a “single window” to have the best of both worlds? Following on year 2000’s The network is the vision, the PROMETHEE think-tank and SWIFT engage eminent CEOs and policy leaders in an open, insightful dialogue. Whether in Singapore, Hong Kong or Beijing, in Silicon Valley or at the European Central Bank, in new ventures like CLS or in the world of asset managers, custodians and global banks. The new financial frontier is a place for mutual learning, border crossing and cross-fertilizing…


Strategic conversations on capital markets of the 21st century April 2001
	Capital Markets are at the epicenter of the shock-wave of globalization. They are often assumed to have become borderless, to operate seamlessly, above and beyond the reach of national control. The market reality is far more complex. This book gives the floor to eminent practitioners – in “strategic conversations” as well as through a Survey of market practitioners – to assess how markets react to the triple challenge they face today: the challenge of technology, the challenge of good governance and regulation, the challenge of different market cultures. This year’s emphasis is on market infrastructures and the consolidation of Central Securities Depositories (CSDs) in Europe and on the opening of the Chinese capital markets as China joins WTO. This exploration is the second stage of a process that began in 2000 with the book Capital markets without borders in synergy with the annual conferences on Capital Markets without Borders convened by the Edmond Israel Foundation in Paris (2000) and London (2001). The work is conducted by PROMETHEE for the Edmond Israel Foundation, a center dedicated to the research and promotion of ideas of cultural, scientific, political and economic importance in the context of Europe. Contributors include Jill Considine, Jean-Claude Trichet, Robert R. Douglass, Pierre Francotte, Enrico Cervone, Antonio Zoido, Iain Saville and EU Commisioner Frederik Bolkestein. China receives special attention with notably David K. P. Li.


In the Company of Visions April 2000
	This three-volume book presents strategic conversations with eminent artists, chairpersons and CEOs of major financial institutions, leading regulators and thinkers who join PROMETHEE in a dialogue on essential aspects of wealth creation in the electronic age. It was launched at the Guggenheim Museum in New York at the invitation of Instinet and in cooperation with Ernst & Young, SWIFT and the Edmond Israel Foundation. In the Company of Visions’ first volume sets the stage by exploring the ways in which political and business leaders can provide a sense of direction and steer pace-setting organizations through The Art of Vision. Its second volume then discusses the implications for markets and regulators of the rapid but still-incomplete evolution toward Capital Markets without Borders while the third volume The Network is the Vision concludes with the future of banking and financial institutions in the age of e-commerce. Hence, for the first time, some of the world’s most eminent artists join forces with leading thinkers and with outstanding practitioners such as the Prime Minister of Portugal, when he was chairing the Council of the European Union, or the Head of Deutsche Bank, in a free-flowing, insightful dialogue on technology, cultural integration, power and value creation.


Strategic conversations on the two-currency world between integration and disintegration March 1999
	Recent events at Genoa and Seattle combine with the Asian crisis and the stock market crash to suggest that today's "globalization" is a halfway house calling for better governance. The level of integration triggered by global markets and massive flows of capital can only be sustained if common standards insure higher levels of transparency, effective dispute settlement and market oversight. The euro is but one step accelerating the global evolution toward deeper integration in what is now a two-currency world.


Strategic conversations on the euro at the vanguard of global integration January 1998
	Published on the eve on the euro, this book explores the strategic agenda and the complex dynamics behind the single currency. "Strategic conversations" bring together PROMETHEE and Ernst & Young hosts with eminent guests from the world of European stock exchanges, global financial networks and major banks to discuss the implications of the euro for European and global capital markets.