The Government, the National Assembly and the Senate just appointed members of the "College" of the AMF. The public authorities decided to give priority to candidates from the financial industry and listed companies, and, despite his long experience with financial markets and financial supervision at the European level, excluding the only candidate brought forward by the associations representing French savers. Since the main legal mission of the AMF is to protect savers, the decision to exclude them has been strongly criticised. Guillaume Prache, Managing Director of BETTER FINANCE and President of FAIDER, condemns the decision as “extremely disappointing” and calls “on the French public authorities to profoundly improve the governance of the French Financial Authorities by introducing balanced participation of the stakeholders and finally include citizens as savers and users of financial services”.
Full article is available on Mon-Epargne.