AMAFI Financial market professionals in France AMAFI supplies - - PDF document

AMAFI

Financial market professionals in France

AMAFI refl ects the diversity

• f people and professions

in the fi nancial industry AMAFI supplies analysis and ideas for an economically vital activity

More than 120 fi

rms operating directly

• n the markets.

10,000 professionals.

Our members are fi

nancial intermediaries, banks, trading and post-trade infrastructures. Some are independent; others are affi liated to French or foreign groups. They operate in every area of fi

nance and deal in all types of products:

brokerage, prop trading, origination, underwriting, corporate fi nance, etc. Cash and derivatives markets for equities, fi xed income and commodities.

A team of experts directs

and coordinates the work of nearly

250 professionals who help

establish the industry’s positions

• n key issues.

8 Standing Committees

Compliance, Commodities, Tax, Legal, Collective Bargaining, Post-Trade Services, Corporate Finance, Mid Caps.

15 Working Groups

addressing topical issues

Anti-money laundering and counter terrorist fi nancing, Compliance/legal aspects of MiFID II, Financial Transaction Tax, Harmonisation

• f market operators’ rulebooks, Internal fraud

in trading rooms, Major shareholding notifi cations, Market abuse, Market structure, Pre-sounding, Services agreement, Short selling, Structured products, Taxation and fi nancing of small and midsized businesses, Trading restrictions during takeover bids, Transaction reporting.

Our remit Represent fi nancial market participants based in France

Identify the most appropriate regulatory solutions at domestic, European and international levels

Financial market activities are conducted in a stringent framework that is becoming steadily more demanding.

AMAFI makes an active contribution to this framework by seeking solutions that foster market activities while meeting regulatory objectives, and by ensuring that the industry is not unduly restricted.

Financial standards are set chiefl y at European level but are still supervised and enforced at domestic level. With this in mind, and given the increasingly prominent role of international

bodies such as the International Organization of Securities Commissions (IOSCO), AMAFI carries out its actions at the national, European and global levels.

Major reforms have been underway since 2009 at the urging

• f the G20 to tackle the fi

nancial crisis. AMAFI published its own analysis of the crisis in 2008 and put forward proposals

for reforming the world fi nancial system.

In 2011 we published a contribution to the G20’s work on commodity derivatives

regulation, and more broadly, provided input for debate on issues such as short selling, remuneration, market structure, fi nancial transaction tax…

A driving force on the European and international stage

2007, AMAFI sets up the European Forum of Securities Associations (EFSA).

with its European partners and joins the Futures Industry Association (FIA).

2005, AMAFI becomes an affi

liate member of IOSCO.

1989, AMAFI is a founder member of the International Council of Securities

Associations (ICSA), a forum that promotes global cooperation among fi

nancial market professionals.

Contribute actively to the debate

• n the usefulness of fi

nancial markets

Financial markets are vital to a country’s economic performance and savings rate. But in France they do not get the recognition they deserve, not just

for the value-added and jobs they generate but also – and more importantly – for their vital role in fi nancing economic activity and optimising savings. Going forward, that role is set to increase.

AMAFI has taken several initiatives to give professionals a stronger voice and strengthen the impact of its messages. Forming the Scientifi

c Advisory Board, made up of market economists, academics, journalists and practitioners ( www.amafi .fr, Conseil scientifi que – in French only).

Adopting a high public profi

le:

>

Taking part in media debates (radio and press interviews, opinion pieces

• n the online media site lesechos.fr).

>

Publication of a book of interviews: Les marchés font-ils la loi ? (feb. 2012).

>

Forging media partnerships:

• Special issues of Revue Banque, notably on why fi

nancial markets are useful to the economy and society and on sovereign debt crisis.

• Conferences organised with Les Échos (business fi

nancing, new fi nancial regulations and systemic stability).

Develop professional standards and help members establish their business framework

AMAFI issues three main categories of document: Standards, Best Practices and Professional Recommendations. AMAFI adopts interpretive positions on statutes and regulations and keeps members informed through conferences, publications and other media. AMAFI represents employers under the national collective bargaining agreement

• n fi

nancial market activities.

Our key strength

Credibility rooted in recognised expertise and tangible achievemen

AMAFI derives its legitimacy and credibility from the ability to formulate well argued and constructive positions. All our positions, recommendations and public pronouncements can be found on our website at www.amafi .fr

Edited by Anne Béchiri - Designed and produced by Raphaël Thomas

13, rue Auber – F-75009 Paris – France Phone: +33 1 5383-0070 – Fax: +33 1 5383-0083 www.amafi .fr – E-mail : info@amafi .fr For information on how to join, visit us at www.amafi .fr and go to AMAFI/Our members, call +33 (0)1 5383 0070 or email info@amafi .fr

The entire French fi nancial community is involved in what we do

By joining AMAFI you are playing an active part in your environment

Contribute to discussions on the future of fi

nancial market activities and join in industry initiatives.

Play a part in the work done through our Standing Committees

and Working Groups.

Access all our analyses and information documents in the restricted

area of our website, and attend conferences reserved for members.

Keep up to speed with developments in fi nancial markets

with our regulatory intelligence service, a monthly bulletin, the two-monthly newsletter L’Info AMAFI, and AMAFI Financial Newsletter, written with an international readership in mind. Arnaud de Bourousse – Octo Finances SA Patrick Brault – Natixis Benoit Catherine – Exane Stéphane Dautel – BNP Paribas Arbitrage SNC Stéphane Giordano – SG Securities (Paris) SA Roland Bellegarde – NYSE Euronext Sophie Langlois – BIL Finance Pierre Lasserre – Alternativa Jean-Bernard Laumet – HSBC Bank PLC Paris Branch Éric le Boulch – CM-CIC Securities Bertrand Patillet – Crédit Agricole Cheuvreux SA Jean-Paul Péchery – Rothschild & Cie Banque Vincent Remay – Tradition Securities and Futures Philippe Tibi – École Polytechnique Charles-Henri de Tredern – Oddo et Cie

AMAFI Board Executive Committee

Philippe Tibi Chairman Jean-Bernard Laumet Vice-Chairman Charles-Henri de Trédern Treasurer Pierre de Lauzun Chief Executive