What is the role of the President of the ECB? Why was her nomination particularly scrutinized? Are there fundamental institutional differences between the central banks of the euro area and the United States, and with what consequences? In this two-part article, Jean-Edouard Colliard shares his analysis. Jean-Edouard Colliard is an associate professor of finance at HEC Paris, where he is also the co-holder of the Chair "Business Analytics for Future Banking" (HEC Paris, Natixis and Ecole Polytechnique). Prior, Prof. Colliard was an economist at the European Central Bank.
Legal Data Mining Conference gathered professionals and academics from the technology, Artificial Intelligence and Law fields to discuss the future of Law. The two-day workshop focused on both the fundamental and practical issues of legal data mining. The event was organized by David Restrepo Amariles (Assistant Professor of Law at HEC Paris) and Ken Satoh (Professor at the National Institute of Informatics of Japan) in March 2019 at the Barreau de Paris.
While scientific findings need to be assessed by peers and journal referees, the confidentiality of original data often makes the process arduous. An accredited organization launched by Christophe Pérignon (HEC Paris) and colleagues with access to the original research data can now ensure reproducibility of results. This not only promises huge gains in time and effort for researchers but will also shore up trust in scientific results.
Based on his recent research and work for the EU Commission, "Unlocking Privately-Held Data to Create Public Value", Alberto Alemanno, Professor of European Union Law and Regulation at HEC Paris, discusses the concept of "Data for Good", whereby private data such as those collected by social media, telecoms and banks, can be shared with public authorities so as to save lives, such as in natural disasters, and improve them through better designed and more effective policies.
Ratings and rankings have become powerful tools in global governance, frequently used to motivate companies to be good corporate citizens. A wide range of environmental and social matters such as access to medicine, climate change, obesity and working conditions increasingly transcend national borders and escape the reach of national regulators. For such issues, who should set the rules about the responsibilities of corporations? How can corporations that are by definition designed to generate profit, be guided towards making decisions that benefit society as a whole? Afshin Mehrpouya and Rita Samiolo explore the process behind the production of these rankings.
By Afshin Mehrpouya
To date, at least nine international banks have paid enormous sums to the US as a result of violating US economic sanctions, including the French bank BNP Paribas, which was fined nearly $9 billion in 2014. As the US increasingly employs its punitive arsenal to force non-US banks to comply, this has resulted in their Americanization, argue two HEC professors.
By David Restrepo Amariles , Matteo M Winkler
The four giants collectively known as GAFA yield such power that it's easy for them to strike unfair deals with business partners and consumers. But a French commercial court has created a game-changing precedent by holding accountable a US-based online booking platform using the concept of significant imbalance. This has shaped a whole new doctrine which potentially brings more balance to transactions with GAFA. Explanation by David Restrepo Amariles, HEC Professor of Law.
By David Restrepo Amariles
The relationship between cannabis and society is a long and deeply contested one. Throughout history, cannabis has been associated with everything from health, leisure, and pop culture to criminal and immoral behavior. But beyond the simple debate about whether cannabis is good or bad, the study of cannabis markets needs interdisciplinarity, to know what is required to construct an effective and fair contested market.
By Dane Pflueger , Daniel Martinez Ahloy
During this historical moment of transition to a more sustainable world, HEC Paris has a responsibility to help business stakeholders transform the challenges around this transition into opportunities – opportunities to maximize both economic and social value, notably by being more innovative and impactful. It is time to revisit existing organizational theories and rethink the way we teach business in terms of social utility. Find the newsletter of this Knowledge@HEC Journal here.
In everyday technologies, learning algorithms are becoming ubiquitous. They are even changing the way laws and regulations are produced and enforced, with law increasingly determined by data and enforced automatically. In his study, David Restrepo Amariles investigates how learning algorithms are developing SMART Law to improve the quality of regulations and their enforcement, and how this can be achieved without infringing on our civil liberties and the rule of law.
