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The cycle of conferences Les outils de la Compliance (The Compliance tools) began in November 2019 and runs until June 2020. It is organized by The Journal of Regulation & Compliance and all of its partner universities. It includes a conference more particularly devoted to the theme of "Measuring the effectiveness of Compliance Tools (Mesurer l'effectivité des outils de la Compliance)".

See the other thematics, others dates and other particular manifestations,  builting the complete cycle

Conference and Debate 

  March, 5, 2020, 18h30-20h

in the Amphitheater of Panthéon-Assas (Paris 2) University, 

391, rue de Vaugirard 75015 Paris

General presentation of the Conference

After having examined various specific tools, such as Risk mapping or Incentives, and before tackling others such as those falling under a "Compliance by Design", it also deserves to be examined with some distance in its claim to be the solution to any compliance issue, it is worth looking at how we measure the effectiveness of all these Compliance Tools. Indeed, since all techniques are "tools", they only take on meaning with regard to a purpose that they must effectively achieve. This effectiveness must be measured, and this immediately in Ex Ante, the company constantly having to show the effectiveness of the performance of the Compliance tools.

But at the same time as the standards proliferate, the discourses multiply, the commitments are made, the techniques for measuring the effectiveness of the whole seem quite weak. The subjects of law obliged by Compliance obligations or freely wishing to achieve the systemic or common good goals targeted by Compliance do wish to have these measurement instruments. But they seem still little built, often declarative or discursive, or too mechanical. Therefore, is it starting from the goal of Compliance  that we must measure the effectiveness of the Compliance tools, without by this way transforming the tasks weighing (willingly or by force) on operators in obligation to result? Or is it by staying upstream, by a single "conformity" to what is asked of them, as behavior and as structural organization, that companies show that they have effectively fulfilled their task, without worrying about the effects products about the reality, this reality that those who designed the Compliance norms and standards had in mind?

This question has major implications in terms of burden of proof and responsibility, involving organizations which place Trust, the heart of Compliance, rather in technological instruments - only but so efficiency connecting data - or rather in people with a sense of common good. This question is now open.

Inscription : anouk.leguillou@mafr.fr

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Under the scientific direction of Marie-Anne Frison-Roche, full professof de Regulatory & Compliance Law at Sciences Po (Paris).

Articulate the instruments for measuring Effectiveness with the purposes of the Compliance tools (Articuler les instruments de mesure de l'effectivité avec les finalités des outils de la compliance)

Laurent Benzoni, full professor of Economics at Panthéon-Assas University (Paris 2) Paris Center for Law & Economics, president of TERA Consultants.

Freedom and constraints of the company in its implementation of measures of the effectiveness of compliance tools (Liberté et contraintes de l’entreprise dans sa mise en place des mesures de l’effectivité des outils de compliance)

Bertrand Bréhier, deputy head, Banking and Finaical Regulation Departement, Société Générale Group, associate professor Paris I University, Groupe Société Générale

Control by the Regulator of the effectiveness of compliance instruments implemented by the company (The contrôle par le Régulateur de l’effectivité des instruments de compliance mis en place par l’entreprise)

Maxime Galland, Director - Legal and International Cooperation at the Autorité des Marchés financiers - AMF (French Financial Markets Authority)

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Read the registration procedure  for this conference.

Consult the calendar of precedent and upcoming events.

Consult the presentation of the book to be published: Compliance Tools.

Go back to general presentation of the Conferences' cycle "Compliance Tools".

Inscription : anouk.leguillou@mafr.fr

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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.

Translated Summaries

ENGLISH

Article: Neutralization in economically regulated industries using procedural law techniques

In itself, regulation does not necessary require judicial review of regulators’ acts, whether the regulator is a ministry or an independent authority. In short, regulators could have the “last word” in all circumstances. However, because of an equal concern for democratic legitimacy and care to respect its international commitments, the French Parliament is convinced that judicial review over regulators’ actions is necessary.

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FRENCH

Article : La neutralisation dans les secteurs économiques régulés par les techniques procédurales

En soi, la régulation n’appelle pas nécessairement un contrôle juridictionnel du régulateur, qu’il soit une administration ou une autorité indépendante. Ce régulateur, sommes toutes, pourrait avoir en toutes circonstances « le dernier mot ». Pourtant, moitié par conviction démocratique, moitié par prudence en raison de ses engagements internationaux, le législateur français s’est convaincu qu’un tel contrôle était indispensable.

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SPANISH

Artículo: Neutralización en industrias económicamente reguladas usando técnicas del derecho procesal.

En sí mismo, la regulación no requiere de revisión judicial de las acciones del regulador, ya sea que el regulador es un ministerio o una autoridad independiente. Para resumir, los reguladores podrían tener la “última palabra” en todas las circunstancias. No obstante, una preocupación por la legitimidad democrática y deseo de respetar sus compromisos internacionales, el Parlamente francés está convencido que una revisión judicial sobre las acciones de los reguladores es necesaria.

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Other translations forthcoming.