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  • Travel & Lodging
    • Accommodation
    • Social Programme
  • General information
    • Sponsors & Auspices
    • Keynote speakers
    • Agenda 2020
    • Venue
    • Registration
    • Committees
    • All CREDIT Events
  • Technical information
    • Call for papers
    • Important dates
    • Author Instructions
  • Travel & Lodging
    • Accommodation
    • Social Programme

CREDIT confrences

20 Febbraio 2026

ARTIFICIAL INTELLIGENCE, FINANCIAL INNOVATION AND CREDIT RISK: 

SUSTAINABILITY, STABILITY AND RESPONSIBILITY IN A DATA-DRIVEN FINANCIAL SYSTEM

GRETA Associati (Venice, Italy), CRIF (Bologna, Italy), Elsevier Ltd. (London), European Datawarehouse (Frankfurt am Main, Germany), and Intesa Sanpaolo (Milan, Italy) are partners in organasing a Conference to be held in Venice on September 24-25, 2026.

The C.r.e.d.i.t. 2026 conference aims to bring together leading scholars, policymakers, industry experts and PhD students to discuss recent theoretical and empirical advances in credit risk, financial innovation and artificial intelligence, with a particular focus on their implications for financial stability, sustainability and the design of credit markets. The conference provides a high-level forum for research at the frontier of finance, economics and data science, fostering dialogue between academic rigor, policy relevance and real-world applications.

The conference, organised under the auspices of the Department of Economics and VERA - Venice centre in Economic and Risk Analytics for public policies (Ca’ Foscari University of Venice), Joint Research Center European Commission, ABI - Italian Banking Association, and AIFIRM - Associazione Italiana Financial Industry Risk Managers is the twenty-fifth of a series dedicated to various aspects of risk.

 

ACKNOWLEDGEMENT OF EUROPEAN FUNDING
The organization of the conference has benefitted from financial support by:

  • ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector.  Funded by the European Commission - Grant Agreement N° 101145727.

 

 

Rapid advances in artificial intelligence, machine learning and data-driven technologies are fundamentally reshaping credit markets, financial intermediation and financial markets. AI-based models are increasingly used in credit scoring, monitoring, pricing and portfolio management, while alternative data and automated decision systems are transforming access to credit and risk allocation. At the same time, the growing reliance on AI raises critical issues related to model risk, interpretability, algorithmic bias, data governance, transparency, ethics, regulation and systemic stability. These challenges are closely intertwined with broader concerns about sustainability, understood not only in environmental terms, but also as the long-term resilience, fairness and efficiency of financial systems.

Against this background, C.r.e.d.i.t. 2026 seeks contributions that advance understanding of how AI and financial innovation affect: the measurement and management of credit risk; the stability and resilience of financial institutions and markets; the allocation of credit across firms, households and regions; the sustainable and responsible development of financial systems.

  

 

The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Viral V. Acharya (NYU Stern Business School) and Roberto Rigobon (MIT Sloan School of Management). The Conference will also include panel discussions on the major issues at stake with the views of academics, policymakers and senior industry practitioners.

CALL FOR PAPERS

Submissions are welcome on all topics related to the conference theme, including (but not limited to):

Credit Risk and Advanced Analytics

  • AI- and machine learning-based credit risk models
  • Explainable AI (XAI) and model transparency in credit scoring
  • Stress testing, early warning systems and credit cycle analysis
  • Credit risk under macroeconomic, financial and geopolitical uncertainty

Financial Innovation and Digital Transformation

  • FinTech, BigTech and new models of credit intermediation
  • Open banking, open finance and alternative data in credit markets
  • Innovation in credit markets, securitization and risk transfer
  • Regulation of financial innovation: balancing opportunity and risk

Artificial Intelligence, Data Governance and Ethical Risk

  • Algorithmic bias, fairness and discrimination in credit decisions
  • Data governance, privacy and cybersecurity in credit systems
  • Legal accountability and responsibility of AI-driven models
  • Regulatory implications of AI adoption in financial services

Sustainability and Long-Term Value Creation

  • ESG factors and climate risk in credit assessment
  • Sustainable finance and its impact on credit risk and pricing
  • Credit, access to finance and financial inclusion
  • The role of financial institutions in supporting the sustainable transition

Systemic Risk, Resilience and Policy

  • Interactions between credit risk and systemic risk
  • Financial stability in a data-driven and AI-enabled economy
  • Macroprudential and microprudential policy responses
  • Coordination between regulators, supervisors and market participants

 

Those wishing to present a paper at the Conference should submit by May 31, 2026 to the email address given below. Papers should represent original, high-quality research with clear theoretical, empirical or policy contributions. 

Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 30, 2026.

The final version of accepted papers must be received by August 31, 2026.

Please send papers to: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

When

24 – 25 Septmenber 2026

Where

Scuola Grande San Giovanni Evangelista
San Polo 2454, 30125 Venezia
Tel.: +39 041 718234
Email: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Web Site: https://www.scuolasangiovanni.it/

PROGRAMME 2026
Online registration form

Contact us

GRETA
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Phone: +39 349 060 3656

 

For registration, travel & lodging

NEXA sas - Conference Secretariat
Phone: +39 041 5210255
Fax: +39 041 5285041
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

***Privacy

IMPORTANT DATES

  • May 31, 2026 Papers submission deadline
  • June 30, 2026 Paper acceptance notification
  • August 31, 2026 Deadline for sending final version of accepted papers
  • August 31, 2026 Deadline for early registration

SPONSORS

AUSPICES

RELATED PROJECTS

ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector. 
Funded by the European Commission - Grant Agreement N° 101145727. 

INVITED SPEAKERS

Viral V. Acharya
Viral V. Acharya
NYU Stern Business School
Read More

Lorem Ipsum

Read more
Roberto Rigobon
Roberto Rigobon
MIT Sloan School of Management
Read More

Lorem Ipsum

Read more

VENUE

Scuola Grande San Giovanni Evangelista
San Polo 2454, 30125 Venezia
Tel.: +39 041 718234
Email: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Web Site: https://www.scuolasangiovanni.it/

Scuola Grande San Giovanni Evangelista

The conference will be held at the Scuola Grande di San Giovanni Evangelista, one of the most prestigious buildings in Venice, located in the sestiere of San Polo. Founded in 1261, this splendid Renaissance complex is among the seven Scuole Grandi of Venice, and is one of the city's main historical sites, known for its impressive architecture and the works of art that adorn its halls.

Salone San Giovanni

The Salone San Giovanni is the most prestigious venue of the Scuola Grande. Renovated in the 18th century by architect Giorgio Massari, it is now one of the largest halls in Venice, ideal for hosting significant events.

Guests will be immersed in a captivating atmosphere, dominated by frescoes depicting scenes from the life of St. John the Evangelist, while the ceiling portrays the Apocalypse. The hall culminates in the altar, where the Saint is depicted writing his Gospel, inspired by an angel.

Scalone Monumentale

The Scalone Monumentale is a masterpiece of the architect Mauro Codussi from Bergamo, built in 1498. Its elegant architecture and rich plastic decorations, with carvings and niello work, accompany guests to the reception halls.

In 2018, the Scalone Monumentale was restored. The foundations and load-bearing walls were reinforced, while the Istrian stone steps, once cracked, were carefully repaired and repositioned. The marble floor was raised and restored in order to strengthen the vaults underneath. The decorative stone elements and the delicate marmorino plaster on the walls and ceilings were renewed, preserving the elegant soul of the monument.

  • How to reach the conference venue from Piazzale Roma (car terminal)
  • How to reach the conference venue from the Railway Station

ORGANIZING COMMITTEE

  • Sergio Adamo, Intesa Sanpaolo
  • Monica Billio, Ca’ Foscari University of Venice & GRETA
  • Andrea Giacomelli, KnowShape, Ca’ Foscari University of Venice & GRETA
  • Loriana Pelizzon, Ca’ Foscari University of Venice, Leibniz Institute for Financial Research SAFE & GRETA
  • Domenico Sartore, Ca’ Foscari University of Venice & GRETA

SCIENTIFIC COMMITTEE

  • Roberto Rigobon, MIT Sloan School of Management, Programme Chair
  • Lucia Alessi, Joint Research Center, European Commission
  • Galina Andreeva, University of Edinburgh Business School
  • Monica Billio, Ca’ Foscari University of Venice & GRETA
  • Marie Brière, AMUNDI & Université Libre de Bruxelles
  • Celso Brunetti, Federal Reserve Board
  • Mila Getmansky Sherman, Isenberg School of Management, UMass Amherst
  • Marcin Kacperczyk, Imperial College London
  • Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE & Goethe University
  • Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR
  • Loriana Pelizzon, Ca’ Foscari University of Venice & Leibniz Institute for Financial Research SAFE
  • Stephen Schaefer, London Business School
  • Marti Subrahmanyam, NYU Stern Business School
20 Febbraio 2025

EMERGING GLOBAL FINANCIAL SYSTEMS: 

EXPLORING POLARIZATION, SYSTEMIC RISKS, INNOVATION, AND SUSTAINABLE SOLUTIONS

GRETA Associati (Venice, Italy), CRIF (Bologna, Italy), European Datawarehouse (Frankfurt am Main, Germany), and Intesa Sanpaolo (Milan, Italy) are partners in organasing a Conference to be held in Venice on September 25-26, 2025.

The C.r.e.d.i.t. 2025 conference will bring together academics, practitioners and PhD students working in various areas of financial and socio-economic risk with the aim of creating a unique opportunity for participants to discuss research progress and policy as well as industry-relevant insights and directions for future research.

The conference, organised under the auspices of the Department of Economics and VERA - Venice centre in Economic and Risk Analytics for public policies (Ca’ Foscari University of Venice), Joint Research Center European Commission, ABI - Italian Banking Association, and Venice Sustainability Foundation is the twenty-fourth of a series dedicated to various aspects of risk.

 

ACKNOWLEDGEMENT OF EUROPEAN FUNDING
The organization of the conference has benefitted from financial support by:

  • the European Union – NextGenerationEU, as part of the GRINS project - Growing Resilient, INclusive and Sustainable (GRINS PE00000018)

 

  • ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector.  Funded by the European Commission - Grant Agreement N° 101145727.

 

 

Sustainability necessitates a global perspective, requiring the adaptation of contemporary business and societal models to navigate the dynamic landscape of the future. Policymakers and society must ensure that resources, particularly technology, are utilized responsibly and efficiently to enhance the well-being of both present and future generations while cultivating a harmonious relationship with the environment. This strategy is vital in addressing sustainability issues such as poverty, environmental degradation, pollution, and inequality. Effective global risk management is vital for bridging divisions and fragmentation through innovation.

  

 

The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Mario Greco (Zurich Insurance Group, Zurich) and Andrew Lo  (MIT Sloan School of Management, Cambridge). The Conference will also include panel discussions on the major issues at stake with the views of researchers', practitioners' and policy makers.

CALL FOR PAPERS

TThe organizers encourage submissions on any topic within the overall theme of the conference and in the following areas in particular:

Framing Global Challenges

  • Macroeconomic Polarization and Financial Fragmentation
    • Economic bifurcation between advanced and emerging markets.
    • Trade conflicts and their financial spillovers.
    • Policy responses to maintain global economic stability.
  • Geopolitical Risks and Global Financial Stability
    • Implications of geopolitical tensions on global financial markets: capital flows and volatility.
    • Risk management strategies for financial institutions navigating geopolitical uncertainty.
    • The role of national and international economic policies: shaping a new geopolitical and economic order.
  • Technological Innovation in Finance and Insurance
    • Digital transformation in the insurance sector: a driver of resilience or disruption?
    • Financing Deep Tech.
    • Regulating innovation to balance opportunity and risk.

Risk Management and Resilience

  • Climate Change as a Systemic Risk
    • Impact of climate-induced events on financial and insurance markets.
    • Climate risk modeling and its implications for global governance.
    • Financing the green transition: opportunities for insurers and institutional investors.
  • Addressing Socioeconomic Disparities
    • Polarization in wealth distribution and its implications for insurance coverage.
    • Designing inclusive financial products to address underinsurance in vulnerable populations.
    • The role of insurance in enhancing societal resilience to systemic shocks.

Towards a Sustainable Future

  • Innovating Governance for Future Risks
    • Cross-border cooperation for risk regulation and mitigation.
    • Addressing new risks in cyber security, health crises, and technological disruptions.
    • Innovative governance models in finance and insurance.

 

Those wishing to present a paper at the Conference should submit by May 31, 2025 to the address given below (preferably in electronic format).

Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by June 30, 2025.

The final version of accepted papers must be received by August 31, 2024.

Please send papers to: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

When

25 – 26 Septmenber 2025

Where

Scuola Grande San Giovanni Evangelista
San Polo 2454, 30125 Venezia
Tel.: +39 041 718234
Email: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Web Site: https://www.scuolasangiovanni.it/

PROGRAMME 2025
Online registration form

Contact us

GRETA
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Phone: +39 349 060 3656

 

For registration, travel & lodging

NEXA sas - Conference Secretariat
Phone: +39 041 5210255
Fax: +39 041 5285041
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

***Privacy

IMPORTANT DATES

  • May 31, 2025 Papers submission deadline
  • June 30, 2025 Paper acceptance notification
  • August 31, 2025 Deadline for sending final version of accepted papers
  • August 31, 2025 Deadline for early registration

SPONSORS

AUSPICES

RELATED PROJECTS

GRINS - Growing Resilient, INclusive and Sustainable
code: PE0000018, CUP: H73C22000930001
National Recovery and Resilience Plan (PNRR)
Next Generation EU, Mission 4 Component 2
Spoke 4 GRINS
Sustainable finance

ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector. 
Funded by the European Commission - Grant Agreement N° 101145727. 

INVITED SPEAKERS

Mario Greco
Mario Greco
Zurich Insurance Group
Read More

Lorem Ipsum

Read more
Andreaw W. Lo
Andreaw W. Lo
MIT Sloan School of Management
Read More

Lorem Ipsum

Read more

REGISTRATION


The conference this year will be only in person(*)

 

Registration Fees

 

Early registration

(within August 31st)

Late registration

(from September 1st on)
Academics Euro 350,00  Euro 400,00
Academics Poster presenter(*)  Euro 250,00  Euro 300,00
Practitioners Euro 850,00 Euro 1.000,00
Practitioners Poster Presenters(*) Euro 500,00
PhD Student(**) Euro 150,00
PhD Student Poster Presenters(*)(**) Euro 100,00
Speaker(*) and/or InvitedExempt

 

VAT included - currently, it is 22%

 

The registration fees do not fully cover the conference dinner on September 25th, 2025, for which there is an extra charge of Euro 100.00 per person (participants as well as accompanying persons).

 

 

(*) Only one author for each paper can register as Speaker or Poster Presenter.

(**) PhD Students have to provide valid proof of their status sending a certificate of their PhD Student position to Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo..
 
Online registration form

VENUE

Scuola Grande San Giovanni Evangelista
San Polo 2454, 30125 Venezia
Tel.: +39 041 718234
Email: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Web Site: https://www.scuolasangiovanni.it/

Scuola Grande San Giovanni Evangelista

The conference will be held at the Scuola Grande di San Giovanni Evangelista, one of the most prestigious buildings in Venice, located in the sestiere of San Polo. Founded in 1261, this splendid Renaissance complex is among the seven Scuole Grandi of Venice, and is one of the city's main historical sites, known for its impressive architecture and the works of art that adorn its halls.

Salone San Giovanni

The Salone San Giovanni is the most prestigious venue of the Scuola Grande. Renovated in the 18th century by architect Giorgio Massari, it is now one of the largest halls in Venice, ideal for hosting significant events.

Guests will be immersed in a captivating atmosphere, dominated by frescoes depicting scenes from the life of St. John the Evangelist, while the ceiling portrays the Apocalypse. The hall culminates in the altar, where the Saint is depicted writing his Gospel, inspired by an angel.

Scalone Monumentale

The Scalone Monumentale is a masterpiece of the architect Mauro Codussi from Bergamo, built in 1498. Its elegant architecture and rich plastic decorations, with carvings and niello work, accompany guests to the reception halls.

In 2018, the Scalone Monumentale was restored. The foundations and load-bearing walls were reinforced, while the Istrian stone steps, once cracked, were carefully repaired and repositioned. The marble floor was raised and restored in order to strengthen the vaults underneath. The decorative stone elements and the delicate marmorino plaster on the walls and ceilings were renewed, preserving the elegant soul of the monument.

  • How to reach the conference venue from Piazzale Roma (car terminal)
  • How to reach the conference venue from the Railway Station

ACCOMMODATION

We propose an hotel list including all within easy reach of the conference venue.

It is possible to find accommodation alternatives also by visiting the official website of the Tourist Board of Venice or the Veneto.eu website.

For any possible information or assistance you may need, do not hesitate to contact the Conference Secretariat: Nexa will be pleased to help you.

 

NEXA sas - Conference Secretariat
San Marco 4571/C,
30124 Venezia, ITALY
Phone: +39 041 5210255
Fax: +39 041 5285041
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

 

SOCIAL PROGAMME

Hotel Monaco & Grand Canal
San Marco 1332 - 30124, Venezia
email: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
phone: +39 041 5200211
website: https://www.hotelmonaco.it/en/

The Social Dinner will take place on Thursday, September 25th, at the Hotel Monaco & Grand Canal, in the “Salone del Ridotto”.

Overlooking the Grand Canal, Hotel Monaco & Grand Canal is located in one of Venice's most charming and atmospheric areas, just steps away from St. Mark’s Square. The venue offers breathtaking views of the Church of Santa Maria della Salute and the island of San Giorgio.

Since 1638, this historic building has hosted the first "Ridotto Pubblico", a place where nobility and people from all walks of life would gather for leisure and intrigue.

The exquisite Halls of the Ridotto, rich in history and grandeur, have played a key role in Venetian cultural life. The setting offers guests a unique opportunity to immerse themselves in the timeless atmosphere of Giacomo Casanova’s Serenissima, surrounded by elegance and historical charm.

Lorem Ipsum

SCIENTIFIC COMMITTEE

  • Andrew W. Lo, MIT Sloan School of Management, Programme Chair
  • Monica Billio, Ca’ Foscari University of Venice & GRETA
  • Lucia Alessi, Joint Research Center, European Commission
  • Marie Brière, AMUNDI & Université Libre de Bruxelles
  • Mila Getmansky Sherman, Isenberg School of Management, UMass Amherst
  • Marcin Kacperczyk, Imperial College London
  • Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE & Goethe University
  • Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR
  • Loriana Pelizzon, Ca’ Foscari University of Venice & Leibniz Institute for Financial Research SAFE
  • Roberto Rigobon, MIT Sloan School of Management
  • Stephen Schaefer, London Business School
  • Marti Subrahmanyam, NYU Stern Business School
17 Luglio 2024

PROGRAMME 2025

  1. Day 1
  2. Day 2

 

Thursday

08.30

 

REGISTRATION

09.00

 

WELCOME AND OPENING REMARKS
Monica Billio, Ca' Foscari University of Venice
Andrew W. Lo, MIT Sloan School of Management, Programme Chair

09.30

 

SESSION I: INSURANCE AND SAFE ASSETS
Chair: Monica Billio, Ca' Foscari University of Venice

https://www.greta.it/images/credit/credit25/Mario-Greco-en.pdf

Invited Talk: The Role of Insurance in Enhancing Societal Resilience to Risks and Shocks
Mario Greco, Zurich

Foreign Demand for Safety and Macroeconomic Instability
Dmitry Kuvshinov, Universitat Pompeu Fabra, Barcelona School of Economics & CEPR (joint with Madalen Castells-Jauregui, Bjorn Richter, and Victoria Vanasco)
Discussant: Giovanni Pellegrino, University of Padua

11.00

 

COFFEE BREAK

11.30

 

SESSION II: DECARBONISATION BETWEEN PRICING AND DISCLOSURE
Chair: Stephen Schaefer, London Business School

Green Coins
Massimiliano Croce, Bocconi University, CEPR, IGIER & Baffi-Carefin Center (joint with Nicolas Guinez, Alejandra Inzunza Méndez, Thien T. Nguyen, and Claudio Tebaldi)
Discussant: Stefano Battiston, Ca' Foscari University of Venice & University of Zurich

A Greenwashing Index
Elise Gourier, ESSEC Business School & CEPR (joint with Hélène Mathurin)
Discussant: Massimiliano Bonacchi, Free University of Bozen

Pricing Climate Ambiguity
Francesco Rocciolo, Nazarbayev University (joint with Monica Billio, Massimo Guidolin, and Yehuda Izhakian)
Discussant: Marcella Lucchetta, Ca' Foscari University of Venice

13.00

 

LUNCH

14.15

 

ESG-UPTAKE SESSION: GREENING AND DECARBONISATION STRATEGIES IN THE BANKING SECTOR
Chair: Lucia Alessi, Joint Research Center, European Commission

ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector. 
Funded by the European Commission - Grant Agreement N° 101145727. 

Energy Costs and Default Risk in Green Mortgage Securitisations
Alfonso Dufour, ICMA Centre, Henley Business School, University of Reading (joint with Monica Billio, Massimo Dragotto, Samuele Segato, and Simone Varotto)
Discussant: Stephen Schaefer, London Business School

Climate and Environmental Risk Integration in EU Banks
Michele Costola, Ca' Foscari University of Venice (joint with Katia Vozian)
Discussant: Andrea Giacomelli, Knowshape, Ca’ Foscari University of Venice & GRETA

Greening the Present to Decarbonise the Future: an Analysis of Italian Banks’Decarbonisation Strategies
Valeria Lionetti, Bank of Italy (Cristina Angelico, and Ludovico Ridi)
Discussant: Giacomo Cotignano, Joint Research Center, European Commission

Here Comes the Flood: the Climate Risk of Residential Mortgages in Rimini
Ivan Faiella, Bank of Italy (joint with Luciano Lavecchia)
Discussant: Valeria Nale, CRIF, Bologna

16.15

 

COFFEE BREAK and POSTER SESSION

Poster Session I

17.00

 

SESSION IV: CLIMATE AND ECONOMIC IMPACTS OF THE GREEN TRANSITION
Chair: Stefano Battiston, Ca' Foscari University of Venice & University of Zurich

Sovereigns on Thinning Ice: Debt Sustainability, Climate Impacts, and Adaptation
Matteo Calcaterra, Politecnico di Milano (joint with Andrea Consiglio, Vincenzo Martorana, Massimo Tavoni, and Stavros A. Zenios)
Discussant: Carmelo Latino, Smith School of Enterprise and the Environment, Oxford University & Leibniz Institute for Financial Research SAFE

Government-Funded Green Banks: Catalysts for the Green Transition
Claudio Rizzi, University of Navarra, Barcelona (joint with Simon Xu, and Paul Yoo)
Discussant: Francesca Battaglia, Parthenope University of Naples

Extreme Weather in Europe: Determinants and Economic Impact
Claudio Morana, Università di Milano – Bicocca (joint with Marcelle Chauvet, and Murilo Silva)
Discussant: Andrea Monticini, Catholic University of Milan

20.00

 

SOCIAL DINNER
read more

 

Friday

09.00

 

SESSION V: TECHNOLOGICAL INNOVATION IN ECONOMICS AND FINANCE
Chair: Loriana Pelizzon, Ca’ Foscari University of Venice & Leibniz Institute for Financial Research SAFE

https://mitsloan.mit.edu/faculty/directory/andrew-w-lo

Invited Talk: Financing Deep Tech
Andrew W. Lo, MIT Sloan School of Management

The Human Edge Beyond Algorithms
Yuhan Ye, Swiss Finance Institute & Università della Svizzera italiana
Discussant: Marti Subrahmanyam, NYU Stern Business School

10.30

 

COFFEE BREAK

11.00

 

PANEL SESSION: FRAMING GLOBAL CHANGES BETWEEN INNOVATION AND SUSTAINABLE SOLUTIONS
Chair: Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE & Goethe University

Participants:

Davide Alfonsi, Chief Risk Officer, Intesa Sanpaolo
Agar Brugiavini, Ca' Foscari University of Venice
Ivan Faiella, Climate change and sustainability hub, Bank of Italy
Federico Galizia, Risk and Finance Vice President, International Finance Corporation (World Bank Group) 
Andrew W. Lo, MIT Sloan School of Management
Marco Macellari, ESG Business and Transformation Lead, CRIF
Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR  

13.00

 

LUNCH

14.15

 

SESSION VI: NAVIGATING GEOPOLITICAL AND PROSOCIAL DYNAMICS
Chair: Marti Subrahmanyam, NYU Stern Business School

The Pricing of Geopolitical Tensions over a Century
Andrea Ricciardi, The Ohio State University (joint with Alessandro Melone, and Andrei S. Goncalves)
Discussant: John Cotter, University College Dublin

Decomposing Geopolitical Risk: Wavelet-Based Time-Series Evidence and Cross-Sectional Implications for Expected Stock Returns
Davide La Cara, London School of Economics and Political Science
Discussant: Dario Palumbo, Ca’ Foscari University of Venice

Public Policy and Private-Sector Prosocial Motives: The Case of Greenhouse Gas Emissions
Jiaqi Zheng, University of Oxford
Discussant: Stefano Colonnello, Ca’ Foscari University of Venice

15.45

 

COFFEE BREAK and POSTER SESSION

Poster Session II

16.30

 

SESSION VII: GLOBAL SUPPLY CHAINS AND CLIMATE CHANGE
Chair: Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR

Rewiring Supply Chains Through Uncoordinated Climate Policy
Olimpia Carradori, University of Zurich & Swiss Finance Institute (joint with Emanuela Benincasa, Miguel Ferreira, Emilia Garcia-Appendini)
Discussant: Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE & Goethe University

Global Supply Chain Disruptions and Product Market Competition
Erasmo Giambona, Syracuse University, Whitman School of Management (Karca D. Aral, Ricardo Lopez A., Gordon M. Phillips)
Discussant: Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR

17.30

 

CLOSING REMARKS AND END OF THE CONFERENCE

17 Luglio 2024

PROGRAMME 2024

  1. Day 1
  2. Day 2

 

Thursday

08.30

 

REGISTRATION

09.00

 

WELCOME AND OPENING REMARKS
Monica Billio, Ca' Foscari University of Venice
Marcin Kacperczyk, Imperial College London & CEPR, Programme Chair

09.15

 

SESSION I: CARBON TRANSITION RISK
Chair: Lucia Alessi, Joint Research Center, European Commission

https://profiles.imperial.ac.uk/m.kacperczyk

Invited Talk: The CO2 Question: Technical Progress and the Climate Crisis
Marcin Kacperczyk, Imperial College London & CEPR, Programme Chair

Carbon-Transition Risk and Net-Zero Portfolios
Gino Cenedese, Fulcrum Asset Management, London (joint with Shangqi Han and Marcin Kacperczyk)
Discussant: Nicola Borri, LUISS Guido Carli University, Rome

Technological Greenness and Long-run Performance
Irene Monasterolo, Utrecht University, Vienna University of Economics and Business & CEPR (joint with Stefano Battiston and Maurizio Montone)
Discussant: Adelina Barbalau, University of Alberta, Edmonton

11.00

 

COFFEE BREAK

11.30

 

SESSION II: GREEN BONDS AND LOANS
Chair: Stephen Schaefer, London Business School

Green Bonds: New Label, Same Projects
Pauline Lam, New York University (joint with Jeffrey Wurgler)
Discussant: Loriana Pelizzon, Leibniz Institute for Financial Research SAFE, Frankfurt am Main, Ca’ Foscari University of Venice & CEPR

Do Voluntary Pledges Make Loans Greener?
Robin Döttling, Erasmus University (joint with Tobias Berg, Xander Hut and Wolf Wagner)
Discussant: Caterina Rho, Joint Research Center, European Commission, Ispra

Greenness Demand for US Corporate Bonds
Alexander Pasler, Vienna University of Economics and Business (joint with Rainer Jankowitsch, Patrick Weiss and Josef Zechner)
Discussant: Stephen Schaefer, London Business School

13.00

 

LUNCH

14.15

 

SESSION III: CLIMATE AND PHYSICAL RISK
Chair: Caterina Rho, Joint Research Center, European Commission, Ispra

Weather Variance Risk Premia
Stephen Szaura, BI Norwegian Business School, Oslo (joint with Joon Woo Bae, Yoontae Jeon and Virgilio Zurita)
Discussant: Massimilano Caporin, University of Padova

The Value of ESG Data Granularity for Disclosure Purposes – Focus on Physical Risk
Valeria Nale, CRIF Trasformation Services, Milan (joint with Mario Martina)
Discussant: Monica Billio, Ca' Foscari University of Venice

Climate Risk, Soft Information, and Credit Supply
Sergio Mayordomo, Bank of Spain, Madrid (joint with Laura Álvarez-Román, Carles Vergara-Alert and Xavier Vives)
Discussant: Marti Subrahmanyam, New York University

15.45

 

COFFEE BREAK and POSTER SESSION

Poster Session I

16.45

 

SESSION IV: INVESTING UNDER CLIMATE RISK
Chair: Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR

ESG Favoritism in Mutual Fund Families
Anna Zsofia Csiky, Vienna University of Economics and Business (joint with Rainer Jankowitsch, Alexander Pasler and Marti G. Subrahmanyam)
Discussant: Carmelo Latino, Leibniz Institute for Financial Research SAFE, Frankfurt am Main

Sustainable Short Selling
Mila Getmansky Sherman, University of Massachusetts, Amherst (joint with Bing Liang, Loriana Pelizzon and Tianyi Qu)
Discussant: Massimiliano Croce, Bocconi University, Milan

Responsible Investing under Climate Change Uncertainty
Francesco Rocciolo, Nazarbayev University (joint with Monica Billio and Massimo Guidolin)
Discussant: Marcin Kacperczyk, Imperial College London & CEPR

19.30

 

SOCIAL DINNER
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October 4th

 

Friday

09.00

 

SESSION V: AI – NEW OPPORTUNITIES OR NEW RISKS?
Chair: Loriana Pelizzon, Leibniz Institute for Financial Research SAFE, Frankfurt am Main, Ca’ Foscari University of Venice & CEPR

https://www.imperial.ac.uk/people/m.kacperczyk.edu/faculty/bio/robert-engle

Invited Talk: The EPOCH of AI
Roberto Rigobon, MIT Sloan School of Management, Cambridge

How Ethical Should AI Be? How AI Alignment Shapes the Risk Preferences of LLMs
Shumiao Ouyang, University of Oxford (joint with Hayong Yun and Xingjian Zheng)
Discussant: Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE, Frankfurt am Main

Producing AI Innovation and Its Value Implications
Ambrus Kecskés, York University, Toronto (joint with Ali Ahmadi, Roni Michaely and Phuong-Anh Nguyen)
Discussant: Hayong Yun, Michigan State University, East Lansing

10.45

 

COFFEE BREAK

11.15

 

PANEL SESSION 1: NEW RISKS AND CHALLENGES: AI AND THE DIGITAL TRANSITION
Moderator: Jan Pieter Krahnen, Founding Director Emeritus of the Leibniz Institute for Financial Research SAFE, Frankfurt am Main

Marie Brière, Head of Investor Intelligence & Academic Partnerships, Amundi Investment Institute, Paris
Alessandro De Angelis, Scientific Attaché at the Permanent Delegation of Italy to the International Organisations in Paris
Helmut Kraemer-Eis, Head of Research & Market Analysis, European Investment Fund, Luxembourg
Giulio Mignola, Executive Director Enterprise Risk Management, Intesa Sanpaolo, Turin
Roberto Rigobon, Sloan School of Management, MIT, Cambridge, Massachusetts

13.00

 

LUNCH

14.15

 

SESSION VI: AI – NEW OPPORTUNITIES AND NEW RISKS
Chair: Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE, Frankfurt am Main

https://mariebriere.fr/

Invited Talk: Artificial Intelligence for Sustainable Finance
Marie Brière, Amundi Investment Institute, Paris & Université Libre de Bruxelles

Data Risk, Firm Growth, and Innovation
Kumar Rishabh, University of Lausanne & University of Basel (joint with Orlando Gomes and Roxana Mihet)
Discussant: Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR

On the Origins of Cyber Risk: The Role of Software Vulnerabilities
Antonino Emanuele Rizzo, University of Notre Dame & NOVA School of Business and Economics, Carcavelos (joint with Giorgio Ottonello)
Discussant: Silvio Vismara, University of Bergamo

16.00

 

COFFEE BREAK and POSTER SESSION

Poster Session II

16.45

 

PANEL SESSION 2: NEW RISKS AND CHALLENGES: AI AND THE SUSTAINABILITY TRANSITION
Moderator: Monica Billio, Professor of Econometrics, Ca' Foscari University of Venice

Stefano Bonetti, Professor of Condensed Matter Physics, Ca' Foscari University of Venice and Founder, RARA Factory srl
Mila Getmansky Sherman, Professor of Finance, Isenberg School of Management, UMass Amherst
Marco Marelli, Cofounder Prospiciunt and Editorial Director Focus ESG
Valentino Pediroda, Professor of Numerical Methods, University of Trieste and CEO & Cofounder Modefinance 
Luigi Ruggerone, Senior Director Innovation Center, Intesa Sanpaolo

18.00

 

CLOSING REMARKS and END OF THE CONFERENCE

09 Maggio 2024

THE FRONTIERS OF NEW RISKS: AI, DIGITAL AND SUSTAINABILITY TRANSITIONS

GRETA Associati (Venice, Italy), CRIF (Bologna, Italy), European Datawarehouse (Frankfurt am Main, Germany), European Investment Fund (Luxembourg), Intesa Sanpaolo (Milan, Italy) and Modefinance (Trieste, Italy) are partners in organasing a Conference to be held in Venice on October 3-4, 2024.

The C.r.e.d.i.t. 2024 conference will bring together academics, practitioners and PhD students working in various areas of financial and socio-economic risk with the aim of creating a unique opportunity for participants to discuss research progress and policy as well as industry-relevant insights and directions for future research.

The conference, organised under the auspices of the Department of Economics and VERA - Venice centre in Economic and Risk Analytics for public policies (Ca’ Foscari University of Venice), ABI - Italian Banking Association, AIAF - Associazione Italiana per l'Analisi Finanziaria and AIFIRM - Associazione Italiana Financial Industry Risk Managers, is the twenty-third of a series dedicated to various aspects of credit risk.

 

ACKNOWLEDGEMENT OF EUROPEAN FUNDING
The organization of the conference has benefitted from financial support by:

  • the European Union – NextGenerationEU, as part of the GRINS project - Growing Resilient, INclusive and Sustainable (GRINS PE00000018)

 

  • ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector.  Funded by the European Commission - Grant Agreement N° 101145727.

 

 

Sustainability necessarily involves the adaptation of today’s business model to the dynamic nature of the current digitalised environments. Corporations need to make sure that resources, especially technology, are being used responsibly and efficiently to improve the lives of the present generations and future generations as well as strengthen their relationships with the environment as to solve sustainability-related problems such as poverty, environmental degradation, pollution and inequality.
Artificial Intelligence (AI) has the potential to address these societal problems including sustainability. The climate crisis and the degradation of the physical environment are complex problems that require the most innovative and advanced solutions. The real value of AI hence lies in its ability to facilitate and foster environmental and social governance, rather just as a tool to reduce pollution, poverty and resource depletion.
In the age of AI, societies depend on big data, social media, knowledge management and data science to survive and achieve these sustainability goals. AI has the potential to reshape not only finance and industry but also the whole society. There is need to understand opportunities and challenges as to properly manage all relevant risks.

  

 

The final program will include both submitted and invited papers. Acceptances received so far from invited speakers include Marie Briere (Amundi Investment Institute, Paris),  Marcin Kacperczyk (Imperial College London), and Roberto Rigobon (MIT Sloan School of Management, Cambridge). The Conference will also include panel discussions on the major issues at stake with the views of researchers', practitioners' and policy makers.

CALL FOR PAPERS

The organisers encourage submissions on any topic within the overall theme of the conference, with attention to the use of AI to assess the sustainability impact of finance (i.e. exploiting AI techniques or Big Data to bridge primary information gaps and proxy the sustainability impact) and on how climate and digital risks may interact (i.e. climate denial, social media and social media strategies including deepfakes).

 

Those wishing to present a paper at the Conference should submit by June 10, 2024 to the address given below (preferably in electronic format).

Please indicate to whom correspondence should be addressed. Decisions regarding acceptance will be made by July 10, 2024.

The final version of accepted papers must be received by August 31, 2024.

Please send papers to: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

When

3 – 4 October 2024

Where

PALAZZO FRANCHETTI
San Marco 2842
30124 Venezia - Italy

PROGRAMME 2024
Online registration form

Contact us

GRETA
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
Phone: +39 349 060 3656

 

For registration, travel & lodging

NEXA sas - Conference Secretariat
Phone: +39 041 5210255
Fax: +39 041 5285041
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

***Privacy

IMPORTANT DATES

  • June 10, 2024 Papers submission deadline
  • July 10, 2024 Paper acceptance notification
  • August 31, 2024 Deadline for sending final version of accepted papers
  • August 31, 2024 Deadline for early registration

SPONSORS

AUSPICES

RELATED PROJECTS

GRINS - Growing Resilient, INclusive and Sustainable
code: PE0000018, CUP: H73C22000930001
National Recovery and Resilience Plan (PNRR)
Next Generation EU, Mission 4 Component 2
Spoke 4 GRINS
Sustainable finance

ESG UPTAKE — TSI-2023-ESGRM-IBA - ESG risk management framework for the financial sector. 
Funded by the European Commission - Grant Agreement N° 101145727. 

INVITED SPEAKERS

Marie Brière
Marie Brière
Amundi Investment Institute, Paris
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Lorem Ipsum

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Marcin Kacperczyk
Marcin Kacperczyk
Imperial College London
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Lorem Ipsum

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Roberto Rigobon
Roberto Rigobon
MIT Sloan School of Management, Cambridge
Read More

Lorem Ipsum

Read more

SCIENTIFIC COMMITTEE

  • Marcin Kacperczyk, Imperial College London, Programme Chair
  • Monica Billio, Ca’ Foscari University of Venice & GRETA
  • Marie Brière,AMUNDI & Université Libre de Bruxelles
  • Lucia Alessi, Joint Research Center, European Commission
  • Leonardo Gambacorta, Bank for International Settlements
  • Mila Getmansky Sherman, Isenberg School of Management, UMass Amherst
  • Christian Gollier, Toulouse School of Economics
  • Helmut Kraemer-Eis, European Investment Fund
  • Jan Pieter Krahnen, Leibniz Institute for Financial Research SAFE & Goethe University
  • Steven Ongena, University of Zurich, Swiss Finance Institute, KU Leuven & CEPR
  • Roberto Rigobon, MIT Sloan School of Management
  • Stephen Schaefer, London Business School
  • Marti Subrahmanyam, NYU Stern Business School

VENUE

Palazzo Franchetti
San Marco 2842 - 30124 Venezia
Tel.: +39 041 2407755
email: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.
website: www.palazzofranchetti.it

Palazzo Franchetti

The conference will be held at Palazzo Franchetti, an imposing Venetian neo-Gothic building in the heart of Venice overlooking the Grand Canal. Along the centuries, the Palace was the residence of celebrated Venetian families who undertook major modernization work that gave the building the modern features that are one of its peculiarities.

Sala del Portego – conference hall

In 1878 Baron Raimondo Franchetti bought the building, which was to remain property of the family until September 1922 when it was sold to Istituto Federale di Credito per il Risorgimento delle Venezie by the Baron's widow, Sarah Luisa de Rothschild. The period is associated with the name of architect Camillo Boito, who altered the building significantly, designing the monumental staircase. Characterized by large 5-light mullioned window with interlacing arches and tracery, the palace has been one of the venues of the prestigious Istituto Veneto di Scienze, Lettere e Arti since 1999.

The monumental staircase

Located at the foot of the Accademia Bridge in Campo S. Stefano, the venue can easily be reached from Piazzale Roma or from the Railway Station by public transport (lines 1 or 2 - about 20/30 min) or by private water taxi (about 10 minutes). Palazzo Franchetti is also within walking distance from the main access points to the city (about 30 minutes).

  • How to reach the conference venue from Piazzale Roma (car terminal)
  • How to reach the conference venue from the Railway Station

REGISTRATION


The conference this year will be only in person(*)

 

Registration Fees

 

Early registration

(within August 31st)

Late registration

(from September 1st on)
Academics Euro 300,00 (VAT included)  Euro 350,00 (VAT included)
Academics Poster presenter(**)  Euro 200,00 (VAT included)  Euro 250,00 (VAT included)
Practitioners Euro 800,00 (VAT included) Euro 1.000,00 (VAT included)
Practitioners Poster Presenters(**) Euro 500,00 (VAT included)
PhD Student(***) Euro 150,00 (VAT included)
PhD Student Poster Presenters(**)(***) Euro 75,00 (VAT included)
Speaker(**) and/or InvitedExempt

 

VAT is currently 22%

 

The registration fees do not fully cover the conference dinner on October 3rd, 2024, for which there is an extra charge of Euro 90.00 per person (participants as well as accompanying persons).

 

(*) Based on the current health conditions there are no capacity constraints. Variations could occur in case of an unfavourable pandemic evolution.

(**) Only one author for each paper can register as Speaker or Poster Presenter.

(***) PhD Students have to provide valid proof of their status sending a certificate of their PhD Student position to Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo..
 
Online registration form

ACCOMMODATION

We propose an hotel list including all within easy reach of the conference venue.

For any possible information or assistance you may need, do not hesitate to contact the Conference Secretariat: Nexa will be pleased to help you.

 

NEXA sas - Conference Secretariat
San Marco 4571/C,
30124 Venezia, ITALY
Phone: +39 041 5210255
Fax: +39 041 5285041
E-mail: Questo indirizzo email è protetto dagli spambots. E' necessario abilitare JavaScript per vederlo.

 

SOCIAL PROGAMME

Palazzo Pisani Moretta
Address: Sestiere San Polo, 2766, 30125 Venezia  

The Networking dinner will be held at Palazzo Pisani Moretta on Thursday, October 3rd.

Built in the second half of the XV century by will of the Pisani family, Palazzo Pisani Moretta is one of the most fascinating examples of flamboyant Gothic style in the city. Overlooking the Grand Canal between the Rialto Bridge and Ca' Foscari, it is one of the most famous and magnificently decorated Palazzo, and among its famous visitors it includes Tsar Paul of Russia, Josephine Bonaparte and Joseph II of Austria.

Today, Palazzo Pisani Moretta is a refined alternative and the preferred choice for private events thanks to its authentic atmosphere.

Altri articoli...

  1. CREDIT Programme 2023
  2. Online Poster Session 2022
  3. CREDIT Programme 2022
  4. CREDIT 2022
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