AMAFI Financial market professionals in France AMAFI supplies analysis and ideas for an economically vital activity A team of experts directs and coordinates the work of nearly 250 professionals who help establish the industry’s positions on key issues. AMAFI refl ects the diversity 8 Standing Committees of people and professions Compliance, Commodities, Tax, Legal, in the fi nancial industry Collective Bargaining, Post-Trade Services, Corporate Finance, Mid Caps. More than 120 fi 15 Working Groups rms operating directly on the markets. addressing topical issues 10,000 professionals. Anti-money laundering and counter terrorist fi nancing, Compliance/legal aspects of MiFID Our members are fi nancial intermediaries, II, Financial Transaction Tax, Harmonisation banks, trading and post-trade infrastructures. of market operators’ rulebooks, Internal fraud Some are independent; others are affi liated in trading rooms, Major shareholding to French or foreign groups. notifi cations, Market abuse, Market structure, Pre-sounding, Services agreement, They operate in every area of fi nance Short selling, Structured products, Taxation and deal in all types of products: and fi nancing of small and midsized brokerage, prop trading, origination, businesses, Trading restrictions during underwriting, corporate fi nance, etc. takeover bids, Transaction reporting. Cash and derivatives markets for equities, fi xed income and commodities.
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 of 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.
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 Contribute actively to the debate on 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 on 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 on fi nancial market activities.
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. AMAFI Board Executive Arnaud de Bourousse – Octo Finances SA Patrick Brault – Natixis Committee Benoit Catherine – Exane Philippe Tibi Stéphane Dautel – BNP Paribas Arbitrage SNC Chairman Stéphane Giordano – SG Securities (Paris) SA Jean-Bernard Laumet Roland Bellegarde – NYSE Euronext Vice-Chairman Sophie Langlois – BIL Finance Pierre Lasserre – Alternativa Charles-Henri de Trédern Jean-Bernard Laumet – HSBC Bank PLC Paris Branch Treasurer Éric le Boulch – CM-CIC Securities Pierre de Lauzun Bertrand Patillet – Crédit Agricole Cheuvreux SA Chief Executive Jean-Paul Péchery – Rothschild & Cie Banque Vincent Remay – Tradition Securities and Futures Philippe Tibi – École Polytechnique Charles-Henri de Tredern – Oddo et Cie 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
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