Financial analysis – European Code of Conduct on Sponsored Research
At the end of 2025, ESMA published its final report on the European Code of Conduct applicable to sponsored research, […]
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Primary bond issues – Conflicts of interest
In late 2019, the International Organization of Securities Commissions (IOSCO) held a consultation on proposed guidance covering conflicts of interest identified in primary bond issues. The IOSCO report proposed eight measures, partly modelled on provisions in Europe’s MiFID 2 framework.
In its response (AMAFI / 20-10), AMAFI indicated broad support for the proposed guidance, noting that the measures were generally appropriate and posed no real difficulties insofar as they were already incorporated into European regulations. However, AMAFI requested clarification on several aspects, including issues relating to the determination of issue prices, and offered feedback based on the most common practices on the French and European markets. In conclusion, it said that the European legal and regulatory framework did not need to be amended.
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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 […]
FTT: AMAFI warns against a tougher approach that would harm French companies
AMAFI has published an impact study on the consequences of raising the rate of the financial transaction tax (FTT) from […]