03 July 2018 | Report / study | Closet Index Funds: a contribution to the debate in Europe The possible existence of closet index funds, is an important matter for financial regulators, including the AMF, both in terms of financial information and investor protection. Today the AMF is keen to contribute to the European debate and analysed nearly 800 French funds using a method based on fund return and market data. It enables more funds… … Index Funds: a contribution to the debate in Europe … Risk and Trend Mapping … Asset management … Investing wisely … Savings … |
13 June 2018 | Report / study | Macro-stress tests: What do they mean for the markets and for the asset management industry? The Autorité des marchés financiers proposes a review and analysis of macro stress tests carried out by authorities in the field of financial markets and asset management and possible ways to improve their development for the future. … for the markets and for the asset management industry? … Risk and Trend Mapping … Markets … Asset management … |
23 May 2018 | News | Investment funds' liquidity risk management tools: the AMF amends its General Regulation and updates its policy As announced in early March, the Autorité des marchés financiers (AMF) continues its efforts to update the French framework for liquidity risk management. The AMF amends its General Regulation and its policy to clarify the framework applicable to three tools in particular: subscription and/or redemption notice periods, redemptions in kind and the… … Investment funds' liquidity risk management tools: the AMF amends its General Regulation … have strengthened the overall framework for liquidity risk management tools, while giving the national authorities … and updates its policy … Asset management … Risk and Trend Mapping … |
19 April 2018 | Report / study | Heightened volatility in early February 2018: the impact of VIX products This report analyses the spike in volatility in early February 2018, by looking at the self-feeding role played by VIX products. Although investors in French collective investments have not been significantly impacted, the large number of strategies based on volatility calls for vigilance, notably emphasising the usefulness of protection… … in early February 2018: the impact of VIX products … Risk and Trend Mapping … Markets … Financial Crisis … Savings protection … |
27 March 2018 | Report / study | MiFID II: Impact of the New Tick Size Regime The AMF publishes an initial analysis of the impact of the new tick size regime on the French market. Market depth, transaction cost, order lifespan, order-to-trade ratio: the Autorité des marchés financiers has reviewed the initial effects of the European harmonised tick size regime, resulting from the new MiFID II framework for markets in… … … MiFID II: Impact of the New Tick Size Regime … Risk and Trend Mapping … Markets … MIFID … Microstructure … |
06 March 2018 | AMF news release | The AMF clarifies the framework applicable to investment funds' liquidity risk management tools On 1 February 2018, the International Organization of Securities Commissions (IOSCO) issued recommendations and good practices for liquidity risk management for open-ended funds. Against this backdrop, the Autorité des Marchés Financiers (AMF) continues its efforts to update the French framework. It invites management companies to consider the… … the framework applicable to investment funds' liquidity risk management tools … Liquidity risk is the risk of an excessive mismatch between the … funds' liquidity risk management tools … MMF … Risk and Trend Mapping … |
16 February 2018 | Report / study | The Comparative Performance of Different Savings Strategies that Use French Instruments - Summary The Autorité des Marchés Financiers publishes a study comparing the returns on a number of different investment strategies between 1987 and 2017. The study focuses on the performance of risk-free investment vehicles, such as the Livret A, and of equities and bonds, and on the real returns on these investments after charges and taxes. This study… … 1987 and 2017. The study focuses on the performance of risk-free investment vehicles, such as the Livret A, and of … that Use French Instruments - Summary … Risk and Trend Mapping … Investing wisely … Markets … Long term investment … |
16 February 2018 | Report / study | The Comparative Performance of Different Savings Strategies that Use French Instruments The Autorité des Marchés Financiers publishes a study comparing the returns on a number of different investment strategies between 1987 and 2017. The study focuses on the performance of risk-free investment vehicles, such as the Livret A, and of equities and bonds, and on the real returns on these investments after charges and taxes. This study… … 1987 and 2017. The study focuses on the performance of risk-free investment vehicles, such as the Livret A, and of … Savings Strategies that Use French Instruments … Risk and Trend Mapping … Investing wisely … Markets … Long term investment … |
28 November 2017 | News | AMF Scientific Advisory Board meets to discuss the shareholdings of French households Research presented at the Scientific Advisory Board meeting of 10 October 2017 focused on the core issue of retail investors' shareholdings. … for a decade, even within more wealthy households. This trend is not unique to France; it has also been observed in … quality. Social interactions are not, however, exempt from risk, particularly the mindless imitation of behaviours … households … Scientific Advisory Board … Risk and Trend Mapping … |
03 July 2017 | AMF news release | The AMF publishes its 2017 Risk Outlook The AMF is publishing its report on the main risks to markets, savings, collective investments and financing of the economy. Released at the mid-point of the year, the mapping highlights the risks of a swift increase in interest rates, asset repricing and weakening of international coordination in financial market regulation. … The AMF publishes its 2017 Risk Outlook … The AMF has published its 2017 risk mapping as US monetary policy continues its gradual … … The AMF publishes its 2017 Risk Outlook … Risk and Trend Mapping … |