Print

Newsletters & other publications Scientific Advisory Board Review: Current year

Liquidity Risk and Investor Behaviour: Issues, Data and Models

Published on December 12, 2017

Presented at an AMF Scientific Advisory Board meeting, this article, written by Serge Darolles (Member of the Scientific Advisory Board) presents the results of a statistical study of client behaviour and the impact of this behaviour on a fund’s exposure to liquidity risk.

Read on

Article about the financial transactions tax (FTT), written by Gunther Cappelle-Blancard, member of the AMF Scientific Advisory Board

Published on October 2, 2017

The financial transactions tax (FTT) is not a recent idea, and such taxes have been effective in a wide range of countries along the 20th century. Although taxing financial transactions generally gathers the support from the public and some politicians, many arguments against it are pushed forward by the financial industry. In an article presented during a past meeting of the Scientific Advisory Board, the author synthesizes past implementations of FTT, proposes ideas to improve their design and develops a set of arguments to encourage their implementation.

Read on

Scientific Advisory Board Review n° 3 - November 2015

Published on November 17, 2015

The Autorité des marchés financiers (AMF) releases the third volume of its Advisory Scientific Board’s Review. This volume encompasses two papers by members of the AMF Advisory Scientific Board. The first article by Eric Chaney (AXA) is entitled “Insurance companies in a low-yield world”; the second by Serge Darolles focuses on “Equity market liquidity and long-term investing”.

Read on

Scientific Advisory Board Review n° 2 - May 2015

Published on July 7, 2015

The Autorité des marchés financiers (AMF) releases the second volume of its Advisory Scientific Board’s Review. This volume encompasses three papers by members of the AMF Advisory Scientific Board. The first two articles by Luc Arrondel (Paris School of Economics) and Marie-Hélène Broihanne (Université de Strasbourg) highlight the contributions of behavioural finance and its importance for the regulator. In the third article, Thierry Foucault analyses the arbitrage activity of high-frequency traders and its aftermath for markets’ architecture.

Read on

Scientific Advisory Board Review n°1 - September 2014

Published on December 10, 2014

The Autorité des marchés financiers (AMF) launches the first edition of its Advisory Scientific Board’s Review, a new publication aimed at releasing original research papers from experts coming from various professional sectors and proposing a valuable contribution on either financial markets regulation, investors protection or financial stability. Unique, diverse and pedagogical, these articles underline the willingness of the AMF to make academic research better-known and to promote debates on current issues that are crucial from the regulator’s point of view, both on the Paris financial Center and abroad, by encouraging discussions that reinforce the quality of such a regulation.

Read on

Legal information
Head of publications: The Executive Director of AMF Communication Directorate.
Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02