18 April 2024 | Article | AMF Household Savings Observatory The AMF’s Observatory tracks the household savings market. It monitors the evolution of preferences, attitudes and perceptions of French savers and investors. It is interested in the promotional communication regarding investments products, the fees applied and the various distribution channels.… Th,e Newsletter provides an update on the evolution of financial investment fees, for direct investments in shares … OECD's recently published research report to measure the financial literacy, motivations, attitudes and behaviours of … particular, they were asked about the impact of the health crisis on their savings and investments. LAST SURVEYS OF THE … |
19 December 2023 | News | Requirements for investment committees and the affiliation of fund managers of asset management companies: the AMF updates its policy Amidst the aftermath of Brexit and the ongoing health crisis, asset management companies with international operations must update their organizational frameworks. Specifically, they need to address the criteria governing the location of fund managers within investment committees, along with the protocols for affiliating specific financial…… Amidst the aftermath of Brexit and the ongoing health crisis, asset management companies with international … along with the protocols for affiliating specific financial managers with the asset management company. … along with the protocols for affiliating specific financial managers with the asset management company. … … |
14 December 2023 | Policy | Position - Recommendation DOC-2012-19 … collective investments Annexes Marketing of complex financial instruments Application of business conduct rules … Directors under Article L. 532-9 11 4° of the Monetary and Financial Code .................... 20 2.3.1. Persons … of this secondary market and the risk of a liquidity crisis affecting all categories of assets in the case of even … |
01 December 2023 | News | The AMF releases a research paper on French bond funds' flow-performance relationship The working paper investigates the sensitivity of investors’ flows to past performances of 817 French bond funds, as well as the stability of this relationship over time and the parameters that can modify it.… emphasized the risks that these funds might induce for financial stability, stressing in particular the imperfect … March 2019 and April 2021. This period includes the Covid crisis, which allows to assess whether investors react … investors over-react to negative performance. Furthermore, crisis episodes or funds’ risk levels do not appear to affect … |
11 October 2023 | AMF news release | The AMF announces the appointment of its new Secretary General, Sébastien Raspiller Following a decision by the Chair of the Autorité des Marchés Financiers (AMF), Sébastien Raspiller will be appointed Secretary General of the AMF on 16 October 2023. He replaces Benoît de Juvigny, who has held this position for 11 years.… of the French Treasury, where he has been head of the Financial Sector Department since May 2018. Sébastien … becoming Deputy Director for business financing and the financial market from 2013 to 2018. “I have chosen to appoint … strengthened in the wake of the 2008 financial crisis,” said Marie-Anne Barbat-Layani. The Secretary General … |
06 October 2023 | Public statements | Speech by Benoît de Juvigny, AMF Secretary General - AFME’s 7th Annual European Compliance and Legal Conference – 28 September 2023, Brussels … busy so far with many legislative dossiers impacting EU financial markets: some have already been agreed in … is moving forward and strengthening the Single Market for financial services. We can always see the CMU as a half full … drastically changed over the last years: Brexit, the Covid crisis, the Trump presidency, the war in Ukraine, the climate … |
27 July 2023 | AMF news release | Close to 40% of new equity investors are under 35 The Autorité des Marchés Financiers (AMF) publishes converging data on the emergence of a new generation of stock market retail investors. The transaction reports received by the AMF and the Kantar Institute's annual survey of direct share ownership both point to a record proportion of younger people among individual shareholders.… 35 … As early as spring 2020, at the height of the health crisis, the AMF observed the arrival of new, younger retail … providers, which have been mandatory since the Markets in Financial Instruments Directive (MiFID II) came into force in … generation of retail investors is an asset for the Paris financial centre” said the AMF Chair Marie-Anne … |
17 July 2023 | Public statements | Speech by Marie-Anne Barbat-Layani, AMF Chair – Publication of 2022 annual report AMF and the strategic guidelines for the period 2023-2027 – Monday 26 June 2023 … in Ukraine and the resurgence of inflation, in a changing financial environment faced with new risks. Financial markets experienced high volatility and a … The UK sovereign debt market experienced a dramatic crisis in September 2022; The crypto-asset universe saw its … |
04 July 2023 | AMF news release | The AMF examines the systems for valuation of the less liquid assets of UCITS and AIFs As part of a Common Supervisory Action on the European level, the Autorité des Marchés Financiers (AMF) surveyed investment management companies on how they value the less liquid assets in their portfolios. The AMF performed inspections for 10 of them, invested in real estate assets or corporate bonds. In a summary document, it draws the lessons…… are valued correctly both in normal times and in times of crisis. First, the AMF analysed the answers given to a … significant investments in corporate debt issued by non-financial companies. Nine of the companies inspected address … management. Managers investing in corporate bonds of non-financial companies generally rely on the funds' external … |
01 June 2023 | AMF news release | The AMF Ombudsman publishes her 2022 Annual Report Marielle Cohen-Branche, Ombudsman of the Autorité des Marchés Financiers (AMF), has presented her latest annual report at a press conference. The number of requests sent to her remained very high and the number of recommendations proposed reached an unprecedented level. Disputes relating to "PEA" personal equity savings plans, especially…… 500 cases more than the levels observed before the health crisis. The arrival of 1.3 million new retail investors in … all the cases closed, 202 recommendations gave rise to a financial proposal, with the amounts concerned ranging from a … responsible for ensuring that savings invested in financial products are protected and that investors are … |
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