The French Asset Management Association (AFG) presented its white paper on competitiveness on Tuesday at Paris Europlace’s International Financial Forum.
Dereliction of duties while administering a pension scheme has resulted in a seven-year ban for UK-based insurance boss Ivor John Jenkins.
Euroclear is taking its first initiatives prior to the application of the European directive in September 2020, while shortening processing times.
AMF and ACPR will submit an annual public report independently monitoring commitments made by financial entities.
AMF's risk map argues that fragmentation has been brought on by the lack of international coordination.
UK regulator Financial Conduct Authority (FCA) is considering a ban on crypto-derivatives to retail customers, citing risks such as prevalence of market abuse, unreliable valuation of underlying assets and extreme volatility in crypto-asset price movements. The estimated potential benefit from the ban ranges from £75m to £234.3m annually.
A European MP posed a question following a UN report highlighting housing financialisation issues in Ireland and charging REITs as well as US vulture funds.
A new working group aims to make the Swiss financial centre more competitive and to provide clients and investors with clear information.
The SEC said $110m were collected by the firm via a secret markup that State Street tacked on to the cost of sending secured financial messages through the Society of worldwide interbank financial telecommunication (SWIFT) network.