Regulation EDHEC-Risk Institute draws the French Government’s attention to the inadvisability of imposing a Tobin tax in France
In an open letter dated January 10, 2012 addressed to the French Prime Minister, EDHEC-Risk Institute has underlined the difficulties and risks associated with implementing a tax on financial transactions in France…
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Regulation Contractual OPCVM: a flexible and secure tool at the disposal of French asset managers
The french contractual OPCVM, in its configuration post october 2008 application decree, is a tool with features of interest for management companies, investors and service providers.
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Regulation ESMA resumes US CCP recognition process following EU-US agreement
The European Securities and Markets Authority (ESMA) welcomes the common approach announced today by the European Commission and the US Commodity Futures Trading Commission (CFTC) on the equivalence of CCP regimes.
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Regulation Financial transactions taxation is applicable to France
According to the firm 99 Partners Advisory, it is possible, from now, to put in place a tax on financial transactions,
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Regulation Regulations and client expectations change status quo in wealth management industry
The status quo in the private banking and wealth management industry is changing as the focus shifts to client service and value delivery, according to PwC findings of 2011 Global Private Banking and Wealth Management Survey - Anticipating a New Age in Wealth (...)
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Regulation Basel III: regulators seem to ignore market failures
The changes in our regulatory framework (BASEL 3) and the widespread use of inappropriate IFRS rules will not solve the imbalances of the international financial and economic system
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Regulation ESMA issues MiFID II guidelines on cross-selling practices
The European Securities and Markets Authority (ESMA) has published its Guidelines on Cross-Selling Practices under MiFID II (guidelines) to ensure investors are treated fairly when an investment firm offers two or more financial products or services as part of a (...)
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Regulation ESMA updates on supervisory work on closet index tracking
ESMA is concerned "Closet indexing" may harm investors as they are not receiving the service or risk/return profile they expect based on the fund’s disclosure documents while potentially paying higher fees compared to those typically charged for passive (...)
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Regulation Solvency II: The conventions of the standard model and possible adverse effects
The Solvency II framework will change the way insurance companies address the investments performance in risky assets, by adding a new parameter to the traditional risk / reward tradeoff ....
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Regulation Solvency II: Advantage convertible bonds
The results of QIS 5 confirmed that convertible bonds bear low capital cost. A balanced-profile convertible bond portfolio with optimized convexity therefore obtains a moderate intrinsic SCR whilst benefiting from «equity» (...)
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Regulation ESMA consults on the evaluation of the short-selling regulation
The European Securities and Markets Authority (ESMA) issues today a public consultation regarding its future technical advice to the European Commission (EC) on the Short-Selling Regulation (SSR)...
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Regulation ESMA reports on EU accounting enforcement in 2016
ESMA reports on EU accounting enforcement in 2016 The European Securities and Markets Authority (ESMA) has published its annual report on the enforcement and regulatory activities of accounting enforcers within the European Union (EU) in (...)
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Regulation Survey of European Insurers Reveals Remaining Challenges to Solvency II Compliance
A significant reliance on third parties for data, sophisticated risk modelling requirements and obtaining sufficiently detailed fund data were among the challenges identified by European insurers in order for them to meet Solvency II requirements, according to new research (...)
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Regulation SEC will ban « flash trading »
Beyond the flash trading, the overall high-frequency trading strategies face scrutiny
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Regulation AMF renews the short selling ban on financial sector
The Board of the Autorité des marchés financiers (AMF) renews the ban on taking net short positions in French securities of the financial sector
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