Government financing programme: €310 billion in net issuance in 2026
Roland Lescure, Minister for the Economy, Finance and Industrial, Energy and Digital Sovereignty, has finalised the indicative government financing programme for 2026. As in previous years, Agence France Trésor will adjust its issuance to meet demand and ensure the liquidity of Treasury securities. The programme provides for ...
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Latest publications
Eternam case: the reclassification of club deals as FIAs, a major turning point for the regulation of asset management
On 9 September 2025, the Enforcement Committee of the Autorité des marchés financiers (AMF) fined Eternam, a subsidiary of the Cyrus group, €400,000 for multiple breaches of its professional obligations. In addition to ...
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 applying artificial intelligence to markets and quantitative investment. The programme is co-directed by Charles-Albert Lehalle, a finance researcher at ...
Sanctions imposed on Eternam and Altaroc: the AMF strikes hard against kickbacks
By imposing heavy fines on two asset management companies, the Autorité des marchés financiers (AMF) has reopened the debate on how distributors of financial products are remunerated. While some professionals are criticising these decisions, they are also concerned ...
Avis d'expert
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 ...
Fraudes aux virements : une nouvelle menace pour le patrimoine des investisseurs
Les fraudes aux virements menacent directement le patrimoine. Les banques ne remboursent que si une anomalie était visible. Les investisseurs ...
Vers une nouvelle forme de coopération en matière d’abus de marché ?
Chronique juridique de Muriel Goldberg-Darmon, docteur en Droit, avocate associée du cabinet Cohen & Gresser, Guillaume Guérin et Pierre Wolman, ...
Actions euro, une dynamique à décrypter
Olivier Baduel, directeur de la gestion actions Europe d’Ofi Invest Asset Management, analyse la tendance et les catalyseurs des marchés ...
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 ...
Strategy
Banque de France and Euroclear to switch short-term debt to blockchain
[Finascope exclusive] The "Pythagoras" project, which is being carried out on the NEU CP market, marks the first large-scale ...
The 10 most read articles on Finascope in 2025
Discover the TOP 10 most read articles on Finascope in 2025. At the top of the list of topics that interested you...
Rgreen and Weinberg commit to democratising unlisted securities
The opening up of investment funds to private individuals is gaining momentum. Rgreen is launching an ELTIF fund and appointing a head of investor relations...
Euronext interested in Deutsche Boerse's stock exchange activities
Always on the lookout for acquisitions to expand, the European stock market is faced with a scarcity of available targets. In the meantime, Euronext...
BPCE and Generali terminate their asset management merger project
In January, the French banking group and the Italian insurer signed a memorandum of understanding aimed at merging their asset management subsidiaries...
Regulation
Eternam case: the reclassification of club deals as FIAs, a major turning point for the regulation of asset management
On 9 September 2025, the Enforcement Committee of the Autorité des marchés financiers (AMF) condemned the asset management company ...
Sanctions imposed on Eternam and Altaroc: the AMF strikes hard against kickbacks
By imposing heavy fines on two asset management companies, the Autorité des marchés financiers (AMF) has reopened the debate on the ...
Asset management : BDL Capital Management blasts the ACPR's “Value for Money” initiative
According to Bertrand Merveille, Managing Director of the independent asset management company and industry spokesman on this controversial issue, ...
The AMF Enforcement Committee sanctions Caceis Bank for breaches of its professional obligations
In its decision of 17 December 2025, the Enforcement Committee imposed a sanction on CACEIS Bank...
AIFM Directive 2: the regulatory countdown has begun
The AMF (Autorité des marchés financiers) organised a webinar last week to raise awareness among asset management professionals about...
Operation
Rgreen and Weinberg commit to democratising unlisted securities
The opening up of investment funds to private individuals is gaining momentum. Rgreen is launching an ELTIF fund and appointing a head of investor relations...
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 ...
Innovation
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...
Banque de France and Euroclear to switch short-term debt to blockchain
[Finascope exclusive] The "Pythagoras" project, which is being carried out on the NEU CP market, marks the first large-scale ...
Asset tokenisation: Brussels revises its proposal, but fails to convince professionals in Paris
The European Commission intends to breathe new life into the Pilot Scheme on tokenisation, with expanded rules and a ...
Crypto-assets: traditional finance adapts to demand from private individuals
The BPCE Group (Banque Populaire-Caisse d'Epargne) is launching a direct investment offering in digital assets, such as bitcoin, at...
Private IPOs: towards a hybrid market between the stock market and private equity?
A Franco-German report currently being drafted explores the possibility of allowing IPOs without listing. The aim is...
Trend
Asset management: what were the inflows in Europe in November?
Which management companies recorded the largest inflows or outflows in Europe last month? ...
Private equity: over 500,000 jobs created in five years, according to France Invest and EY
Two studies by France Invest and EY, conducted in the 2024 financial year, highlight the positive social impact of private equity. Jobs...
French equities: which funds performed well in November?
As it did last month, Finascope has published its rankings for the best funds invested in... over one month and three months.
“In 2026, the trajectory of the US economy will depend on market developments, not the other way around.”
With another Fed rate cut expected on Wednesday, Benoît Peloille, Chief Investment Officer at Natixis...
Equity markets: reasons for continued optimism for 2026
After three years of growth, experts are confident in predicting further double-digit growth in shares this year...
Communiqués
Programme de financement de l’Etat : 310 milliards d’euros d’émissions nettes en 2026
Roland Lescure, ministre de l’Économie, des Finances et de la Souveraineté industrielle, énergétique et numérique, a arrêté le programme indicatif ...
La Commission des sanctions de l’AMF sanctionne Caceis Bank pour des manquements à ses obligations professionnelles
Dans sa décision du 17 décembre 2025, la Commission des sanctions a infligé à la société CACEIS Bank une sanction ...
La BCE laisse ses taux inchangés et rehausse ses prévisions de croissance
Le Conseil des gouverneurs a décidé ce jour de laisser inchangés les trois taux d’intérêt directeurs de la BCE. Son ...
Le Haut Conseil de Stabilité Financière souligne la solidité des acteurs financiers français
Le Haut Conseil de stabilité financière (HCSF) s’est réuni mardi 16 décembre au ministère de l'Économie, des Finances et de ...
La Commission des sanctions de l’AMF sanctionne Novaxia et son ancien dirigeant pour un total de 500 000 euros
Dans sa décision du 10 décembre 2025, la Commission des sanctions a infligé à la société de gestion de portefeuille ...
Appointments
Alain Demarolle joins Deblock's supervisory board
Alain Demarolle joins the supervisory board of Deblock, a French fintech company authorised as an electronic money institution by the ...
Maeva Chazal, Managing Director of IG France
IG announces the appointment of Maeva Chazal as Managing Director in France. Before taking up this position on ...
Olivier Vigna succeeds Jean-Charles Simon as head of Paris Europlace
[Finascope News] The board of directors of the association promoting Paris as a financial centre met on Wednesday. Jean-Charles...
Florent Artaud, Legal Director at Asterion Ventures
Asterion Ventures, a venture capital fund specialising in pre-seed and seed-stage impact investments, announces the appointment of Florent Artaud...
Cécile Carles, Head of Customer Service at Ecofi
The management company Ecofi (€9.7 billion in assets as at 31 May) announces the appointment of Cécile Carles as...