Interview with Stéphane Giordano: “We do not need a major institutional overhaul to become more effective”
Find in the new AMAFI–RB publication entitled “A Federal Europe: A Good Solution for the Economy and the Markets? the […]
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Market abuse – Pre-hedging
Last summer, ESMA published a report on feedback to the 2022 call for evidence on pre-hedging practices, i.e. hedging transactions conducted in an anticipatory manner ahead of potential transactions by a client or counterparty. Following the release of the report, AMAFI reiterated to the AMF, and subsequently also to ESMA, some of the positions contained in its feedback to the European authority (AMAFI / 22-67).
In a note to the two authorities (AMAFI / 24-06), AMAFI stressed that pre-hedging is vital to orderly financial markets and should not be systematically viewed as insider dealing. It also urged ESMA to draw a clearer distinction between hedging and pre-hedging and underlined the challenges in gathering prior consent from clients for pre-hedging on electronic or request-for-quote markets.
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AMAFI 2025 Barometer on Savings and Corporate Financing Taxation: A Double Warning Signal
AMAFI is publishing its 2025 Barometer on the taxation of savings and corporate financing, which assesses France’s attractiveness in terms […]
Transaction reporting – AMAFI calls for ambitious reforms
Responding to ESMA’s recent consultation on simplifying reporting requirements under EMIR, MiFIR and SFTR, AMAFI called for a bold approach […]