Private IPOs: towards a hybrid market between the stock market and private equity?
Un rapport franco-allemand en cours de rédaction explore la possibilité de permettre le lancement d’introductions en Bourse sans cotation. Objectif : combler le déficit de financement des entreprises européennes en croissance. Il y est également question d’un développement de l’initiative Tibi, dont l’Inspection générale des Finances vient d’appeler au prolongement. Les "Private IPO" vont-elles permettre ...
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Latest publications
BNP Paribas joins the euro stablecoin bandwagon with a consortium of banks
Dix banques européennes sont désormais associées, dans une entité dédiée et baptisée Qivalis. Le lancement est prévu au deuxième semestre 2026. Société Générale et sa filiale dédiée SG-Forge disposent de plusieurs longueurs d'avance sur ce segment prometteur. Personne ne peut ...
Markets expect an “ambitious” plan for European integration and supervision
La Commission européenne doit présenter ce mercredi son paquet de propositions “Intégration des marchés européens et efficacité de la supervision”. Plusieurs catégories d’acteurs financiers doivent passer d’une supervision nationale à européenne, sous l’égide de l’Esma. Natasha Cazenave, directrice exécutive de ...
Open banking or the ongoing revolution
Legal column by Sébastien Praicheux, Doctor of Law, barrister at the Paris Bar, partner at Norton Rose Fulbright LLP and associate lecturer at Paris II Panthéon-Assas University; and Louise Nhieu, trainee in the Regulatory department...
Avis d'expert
L’open banking ou la révolution permanente
Chronique juridique de Sébastien Praicheux, docteur en droit, avocat au barreau de Paris, associé au cabinet Norton Rose Fulbright LLP ...
Comment les activités de conseil en haut de bilan peuvent être exercées sans agrément ni statut particulier
Chronique juridique de Guillaume Dolidon, avocat au barreau de Paris, Dolidon Partners. L’intérêt des particuliers pour le private equity et ...
Placement non garanti : définition réglementaire et obligations des acteurs
L’essor des actifs non cotés et la diversification des canaux de distribution confèrent une importance croissante au service de placement ...
Plus près des étoiles
Par Christophe Pouchoy, gérant d’Echiquier Space, La Financière de l’Échiquier (LFDE) Fabrication en microgravité, stations spatiales privées, données satellitaires… Le ...
Affaire Eternam : la requalification des club deals en FIA, un tournant majeur pour la régulation de la gestion d’actifs
Le 9 septembre 2025, la commission des sanctions de l'Autorité des marchés financiers (AMF) a condamné la société de gestion ...
Strategy
Markets expect an “ambitious” plan for European integration and supervision
The European Commission is due to present its package of proposals on “European market integration and supervisory efficiency” on Wednesday...
Eric Larchevêque launches The Bitcoin Society, “the most important project of his life”
During an American-style show on Monday, the co-founder of Ledger and Coinhouse announced the launch in France...
Less and less receptive to ESG rhetoric, savers want something local and concrete
The energy transition continues to enjoy institutional support. However, environmental and social considerations are becoming increasingly marginal in...
Will the “Students Challenge” participants overcome their behavioural biases?
Natixis IM is inviting international students to take part in the sixth edition of its investment management ...
“There is nothing to stop a Tibi fund investing 100% in US equities”.”
[Finascope interview] Jacques-Aurélien, co-head of equity management at Edmond de Rothschild Asset Management and manager of the Big Data fund, ...
Regulation
Private IPOs: towards a hybrid market between the stock market and private equity?
Un rapport franco-allemand en cours de rédaction explore la possibilité de permettre le lancement d’introductions en Bourse sans cotation. Objectif ...
Markets expect an “ambitious” plan for European integration and supervision
The European Commission is due to present its package of proposals on “European market integration and supervisory efficiency” on Wednesday...
The Financial Markets Authority takes note of the ruling handed down by the Court of Cassation in the Vivendi SE case
Today, the Court of Cassation overturned the ruling of the Paris Court of Appeal of 22 April 2025, which had...
NEU CP: the French TCN market between regulatory reform and tokenisation
As the French market for negotiable debt securities (TCN) celebrates its 40th anniversary, the Banque de France is putting ...
The City is concerned about a further increase in the financial transaction tax
Market associations argue that such a measure could lead to a drying up of liquidity in French company shares and...
Operation
Asset managers want to mobilise savings in the service of sovereignty
Several management companies are launching unit-linked funds to offer savers the opportunity to participate in financing defence...
Kaleon launches second IPO of the year in Paris
The Italian company, which specialises in managing the cultural heritage of Lake Maggiore, has announced a capital increase of at least ...
Real estate and cryptos: an unprecedented transaction without conversion into euros
Valued at over €500,000, the sale of a residential property combines payment in ether and stablecoin with ...
Several development institutions invest in Ardian's “nature” fund
Launched in September 2023, the Averrhoa NBS strategy is aimed at funding projects to restore forests, wetlands ...
Will the “Students Challenge” participants overcome their behavioural biases?
Natixis IM is inviting international students to take part in the sixth edition of its investment management ...
Innovation
Private IPOs: towards a hybrid market between the stock market and private equity?
Un rapport franco-allemand en cours de rédaction explore la possibilité de permettre le lancement d’introductions en Bourse sans cotation. Objectif ...
BNP Paribas joins the euro stablecoin bandwagon with a consortium of banks
Ten European banks have now joined forces in a dedicated entity called Qivalis. The launch is scheduled for the second half of the year...
NEU CP: the French TCN market between regulatory reform and tokenisation
As the French market for negotiable debt securities (TCN) celebrates its 40th anniversary, the Banque de France is putting ...
AI and financial markets: Polytechnique and Ensae create a new master's degree in Paris
Designed to meet the growing needs of financial institutions for hybrid profiles, the MaQI master's programme aims to train experts capable of...
Eric Larchevêque launches The Bitcoin Society, “the most important project of his life”
During an American-style show on Monday, the co-founder of Ledger and Coinhouse announced the launch in France...
Trend
Asset managers want to mobilise savings in the service of sovereignty
Several management companies are launching unit-linked funds to offer savers the opportunity to participate in financing defence...
ELTIF funds: strong growth in 2025, with France leading the European market
Driven by the ELTIF 2.0 reform, long-term investment funds are experiencing record growth in the European Union. The ...
Private equity funds maintain their ESG commitment in a difficult environment
In its annual study, EthiFinance observes a clear correlation between the size of assets under management and ESG “maturity”, even though...
AI: why managers prefer risk to timing errors
Despite signs of overheating and 'irrational exuberance“ surrounding artificial intelligence, portfolio managers prefer to maintain a horizon...
Monthly and quarterly rankings of French equity funds
Which investment funds investing in French blue chips on the one hand, and small caps on the other, have made the biggest gains in ...
Communiqués
L’Autorité des marchés financiers prend acte de l’arrêt rendu par la Cour de cassation dans le dossier Vivendi SE
Ce jour, la Cour de cassation a cassé l’arrêt de la Cour d’appel de Paris du 22 avril 2025 ayant ...
La Commission européenne simplifie les règles de transparence pour les produits financiers durables (SFDR)
La Commission européenne a proposé une série de modifications du règlement sur la publication d'informations en matière de finance durable ...
L’ACPR et l’AMF accompagnent les professionnels dans la prise en compte des préférences de durabilité des clients
L’ACPR et l’AMF ont conjointement élaboré une approche de supervision pragmatique, visant à faciliter une application efficace des exigences réglementaires ...
Rapport sur la durabilité (CSRD) et devoir de vigilance (CS3D): les députés soutiennent la simplification
Les rapports sur la durabilité sont allégés et seulement obligatoires pour les plus grandes entreprises. Les obligations liées au devoir ...
La Commission des sanctions de l’AMF sanctionne un conseiller en investissements financiers et ses deux dirigeants
Dans sa décision du 5 novembre 2025, la Commission des sanctions a infligé à Carat GP et ses dirigeants, MM ...
Appointments
Rémi Bouchez, new ombudsman for the Financial Markets Authority
Honorary Section President of the Council of State and former President of the ACPR Sanctions Commission, Rémi Bouchez is...
Amine Hameg, Director of Institutional Development at Magellim
Magellim (with nearly €5 billion in assets under management) announces the appointment of Amine Hameg as Director of Development...
Philippe de Verdalle becomes manager of the Uzès Boscary Sélection fund
Uzès Gestion, the management company of Financière d'Uzès (€2 billion in assets under management), announces the appointment of Philippe ...
LBP AM European Private Markets recruits Gaëlle Allet
LBP AM European Private Markets (€9.3 billion of funds raised at the end of June), the European private asset platform of ...
Gabrielle Capron, Senior Analyst at Crédit Mutuel Asset Management
Crédit Mutuel Asset Management, a company in the La Française group (Crédit Mutuel Alliance Fédérale group), announces the arrival of Gabrielle Capron, 52 ...