The recent news

Updated: May 7, 2010 (Initial publication: May 5, 2010)

Bibliographic Reports : Grey Litterature

After two years of implementation of France, the 2004 Directive on markets in financial instruments is to be reviewed at the European level in 2010. The French report, elaborated by Pierre Fleuriot, examines whether or not the directive’s main objectives –the deregulation of markets and the lowering of trading costs- were achieved in an efficient way.

Updated: May 7, 2010 (Initial publication: May 5, 2010)

Contributions

Updated: May 6, 2010 (Initial publication: April 12, 2010)

Sectorial Analysis

Main information

Two Ministerial Orders of 5 March 2010 and a Ministerial Order of 8 March 2010 nominate the members of the Autorité de Contrôle Prudentiel (Prudential Control Authority), created by the Ordinance of 21 January 2010. Besides the Presidency, which will be exercised by Christian Noyer, governor of the Banque de France, the composition reveals the prevalence of banking regulators, which is a pragmatic consequence of the fact that insurers propose products equivalent in risk to those proposed by banks.

Updated: May 6, 2010 (Initial publication: April 7, 2010)

Sectorial Analysis

Main information

Following the creation of the Authority of Accounting Standards (ANC – autorité des normes comptables) by the Ordinance of 22 January 2009, the Decree of 15 January 2010 defines its operational structure.

Updated: May 6, 2010 (Initial publication: April 7, 2010)

Sectorial Analysis

Main information

The Ministerial Order of 19 January 2010 introduces a new approach to risk management within banks and investment firms : a transversal approach to risk, that is expressed through the creation of ‘risk departments’ (filière risques) within banks.

Updated: May 6, 2010 (Initial publication: Feb. 25, 2010)

Sectorial Analysis

Main information

The Basel Committee on Banking Supervision approved a package of new proposals to strengthen global capital and liquidity regulations for consultation, as part of its comprehensive response to the international financial crisis.

Updated: May 6, 2010 (Initial publication: May 6, 2010)

Contributions

Updated: May 5, 2010 (Initial publication: Feb. 2, 2010)

Contributions