AMF's Fintech, Innovation and Competitiveness (FIC) division opens June 1st.
France’s financial regulatory agency, the Autorité des Marchés Financiers (AMF), today announced the launch of its Fintech, Innovation and Competitiveness (FIC) division, set to launch June 1st 2016, according to an official AMF statement.
As part of the new launch, AMF has appointed Franck Guiader to head the new FIC division which will fall under the Regulatory Policy and International Affairs Directorate (DRAI) - he was previously appointed as Head of the Asset Management Division in February this year.
The AMF released its annual report earlier this month and highlighted plans regarding a joint effort with the country's other financial market regulator the Autorité de Contrôle Prudentiel et de Résolution (ACPR) aimed to regulate fintech firms.
The new FIC effort by AMF is aimed to identify challenges within Regulation and competitiveness due to innovations taking place within the investment services industry from fintech companies.
Many regulators have taken similar steps as they aim to catch up to the often quick rate of change in how financial products work, including how they are creatively packaged, as new and mature fintech companies continue to come out with new ways to approach traditional products.
Franck Guiader to head FIC
AMF added that the launch was being made amid a change of how financial products are consumed, and in order to make Paris more competitive as a financial hub as financial services become more globalized.
Earlier this year, Mr. Guiader had been appointed as Head of the Asset Management Division within the DRAI department - that the new FIC division is now being created within – after he replaced Natasha Cazenave so she could take on the role of Deputy Head of the DRAI on February 2nd 2016.
Supporting Paris
Before joining the AMF originally in 2011, Mr. Guiader worked at Euronext for four years within a strategy and marketing capacity responsible for KYC approaches and EU listings, among other areas for the Exchange .
Prior to NYSE Euronext, he worked for BNP Paribas developing investment and management mandate products for 70 institutional clients, according to a LinkedIn profile description.
He first started his career at Lazard as a financial analyst, and currently holds a Magistère degree in Banking and Finance, and also obtained a Master's degree in Financial Techniques from the Université Panthéon Assas, as per the AMF update.
Furthermore, Mr. Guader graduated from Neoma Business School, and continues to lecture on European regulation at the Institut de Haute Finance as well as at the Université Panthéon Sorbonne, as per an AMF description and data on LinkedIn.
Because rules can vary across jurisdictions, even if the underlying technology has a common theme, it can thus require fintech firms to make tweaks to their products in order to be compliant across regions.
Mature fintech companies that have products in other jurisdictions can already approach a new license elsewhere by either optimizing a version of their product to the new framework or building a product from scratch based on their interpretation of related rules.
As the AMF aims to launch the new FIC division on Wednesday this week, the agency may prepare further content to share or make available on its website.
France’s financial regulatory agency, the Autorité des Marchés Financiers (AMF), today announced the launch of its Fintech, Innovation and Competitiveness (FIC) division, set to launch June 1st 2016, according to an official AMF statement.
As part of the new launch, AMF has appointed Franck Guiader to head the new FIC division which will fall under the Regulatory Policy and International Affairs Directorate (DRAI) - he was previously appointed as Head of the Asset Management Division in February this year.
The AMF released its annual report earlier this month and highlighted plans regarding a joint effort with the country's other financial market regulator the Autorité de Contrôle Prudentiel et de Résolution (ACPR) aimed to regulate fintech firms.
The new FIC effort by AMF is aimed to identify challenges within Regulation and competitiveness due to innovations taking place within the investment services industry from fintech companies.
Many regulators have taken similar steps as they aim to catch up to the often quick rate of change in how financial products work, including how they are creatively packaged, as new and mature fintech companies continue to come out with new ways to approach traditional products.
Franck Guiader to head FIC
AMF added that the launch was being made amid a change of how financial products are consumed, and in order to make Paris more competitive as a financial hub as financial services become more globalized.
Earlier this year, Mr. Guiader had been appointed as Head of the Asset Management Division within the DRAI department - that the new FIC division is now being created within – after he replaced Natasha Cazenave so she could take on the role of Deputy Head of the DRAI on February 2nd 2016.
Supporting Paris
Before joining the AMF originally in 2011, Mr. Guiader worked at Euronext for four years within a strategy and marketing capacity responsible for KYC approaches and EU listings, among other areas for the Exchange .
Prior to NYSE Euronext, he worked for BNP Paribas developing investment and management mandate products for 70 institutional clients, according to a LinkedIn profile description.
He first started his career at Lazard as a financial analyst, and currently holds a Magistère degree in Banking and Finance, and also obtained a Master's degree in Financial Techniques from the Université Panthéon Assas, as per the AMF update.
Furthermore, Mr. Guader graduated from Neoma Business School, and continues to lecture on European regulation at the Institut de Haute Finance as well as at the Université Panthéon Sorbonne, as per an AMF description and data on LinkedIn.
Because rules can vary across jurisdictions, even if the underlying technology has a common theme, it can thus require fintech firms to make tweaks to their products in order to be compliant across regions.
Mature fintech companies that have products in other jurisdictions can already approach a new license elsewhere by either optimizing a version of their product to the new framework or building a product from scratch based on their interpretation of related rules.
As the AMF aims to launch the new FIC division on Wednesday this week, the agency may prepare further content to share or make available on its website.
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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