03 October 2025 | AMF news release | The Banque de France, the ACPR and the AMF launch a first system-wide stress test on interconnections within the financial system The Banque de France, the Autorité de Contrôle Prudentiel et de Résolution (French Prudential Supervisory and Resolution Authority) and the Autorité des Marchés Financiers (AMF) are jointly launching a ‘system-wide’ exploratory stress test exercise with the main French financial institutions. This exercise is being conducted within a robust… … and American markets in March 2020, at the start of the Covid-19 pandemic; on the energy markets at the end of 2021 and in … |
14 February 2025 | Policy | Recommendation DOC-2018-06 - Table des matières recommandations d'arrêté des comptes applicables au 1er janvier 2025 (in French only) … 11 4.9. Avantages au personnel (IAS 19) … 2016 - §1.6. Présentation des effets de la pandémie de covid-19 et principe de permanence des états financiers 2020 - … (dans un contexte d’incertitudes élevées liées à la Covid-19) … |
14 November 2024 | Report / study | Stock market drops: what are the characteristics, consequences, and possible causes of this phenomenon? While the CAC40 index is trading near its historical highs, certain stocks within the French index have experienced spectacular declines in recent months. Using transactions reporting, in this study, the AMF examined at both the potential consequences for stocks whose price has fallen sharply, and the possible causes of the phenomenon. … with the notable exception of the early stages of the Covid-19 crisis in 2020. In the remainder of this document, the … in 2020 and 2021 (which can partly be explained by the Covid- 19 crisis context), - but for the years 2018, 2019, … |
30 July 2024 | Enforcement Committee news releases | AMF Enforcement Committee fines Biosynex, its CEO and several of its directors a total of €930,000 In its decision of 25 July 2024, the Enforcement Committee imposed fines of between €50,000 and €300,000 on Biosynex, and four of its directors and their holding companies for breaches relating to Biosynex's financial communications, insider trading and breaches of reporting obligations. … tests. On 20 March 2020, a few days after the start of the Covid-19 pandemic lockdown, Larry Abensur, CEO of Biosynex, was … believed it would be in a position to distribute the first Covid-19 diagnostic tests in France, in early or mid-April … |
21 December 2023 | Spot Inspections | Summary of SPOT inspections on asset management companies' cybersecurity measures No. 3 - 2023 As announced in its supervisory priorities for 2023, the Autorité des Marchés Financiers (AMF) has conducted a 3rd SPOT (Supervision of Operational and Thematic Practices) inspection campaign of the cybersecurity systems of 5 asset management companies (AMCs). This work is a continuation of the work carried out in 2019 and 2020 within the context… … cybersecurity system .................................. 19 5.2.1. Mapping sensitive data and systems … 19 5.2.2. Set of procedures of the general cybersecurity … cybersecurity was conducted in 2020 in the context of the Covid-19 pandemic. It highlighted the increased visibility of … |
01 December 2023 | Report / study | Flow-Performance relationship of French bond funds This study aims at measuring the sensitivity of subscription/redemption flows to funds’ past performance, and at analysing the various parameters that can influence the intensity of this reaction. … on the flow-performance relationship and use the Covid-19-related crisis to study the stability of the relationship … and forced sales). The market tensions observed during the COVID-19 pandemic provide an opportunity to empirically … |
09 November 2023 | AMF news release | An OECD study for the AMF profiles new French retail investors In order to gain a better understanding of retail investors who have started to invest in the markets since 2020, the Autorité des Marchés Financiers (AMF) has requested the support of the European Commission, which has designated the Organisation for Economic Co-operation and Development (OECD) to assist it in its efforts to target this audience… … of France, began investing after the start of the COVID-19 pandemic. The majority of these new investors are men … |
09 November 2023 | Household Savings Newsletter | AMF Household Savings Newsletter - No. 54 - November 2023 This letter is fully based on the OECD's recently published research report to measure the financial literacy, motivations, attitudes and behaviours of retail investors who have entered the market since 2020. … have invested for the first time since the start of the COVID-19 pandemic in early 2020. Who are they? As in with … their decision to start investing were as follows: The Covid-19 pandemic, synonymous with forced time off and/or … |
02 November 2023 | Annual Report | AMF Social and Environmental Responsibility Report This 1st report on the AMF's social and environmental responsibility is both a stocktaking of the AMF's commitment to sustainable development and a starting point for future action. It lists the actions undertaken by the AMF in terms of employer, environmental and citizen responsibility. … lighƟng, limiƟng the heaƟng system to 19°C during the heaƟng period, etc. … 1 500 000 2 000 000 2 500 000 2019 2020 2021 2022 19 AMF - Social and environmental responsibility … Finally, during the COVID‐19 health crisis, collecƟon … |
11 September 2023 | Report / study | Private equity : overview and vulnerabilities The steep rise of private equity, a segment of fund management dedicated to investment in non-listed shares, makes it a major and structuring player in the financial system. Based on a description of the market and current trends, the study offers a review of the potential risks it induces, and the possible implications for the competent… … structures ......................................... 19 2.2 An industry that is often not well known, in a phase … them at levels close to those of 2020 during the Covid-19 crisis; but despite the 11.3% decline in … ICT), private equity was relatively resilient to the Covid-19 crisis13. Figure 5: Breakdown of European LBO … |
