Committees and working groups

Working groups

Attractiveness

Chaired by Laure Delahousse

The group analyzes the implementation of European regulation in France compared to other countries in the European Union, as well as the competitiveness (tax, social, etc.) of France for individuals and entities established there. Comparative studies with the situation in other major cities will also contribute to the dialogue with national and European authorities, aiming to strengthen the attractiveness of the Paris financial center.

 

Use cases of digital finance

Chaired by Marianne Demarchi

The group studies the examples of application and opportunities for digitalization in various sectors of the economy, both for investors and issuers.

It also analyzes recent or ongoing regulatory developments, in France and abroad (pilot regime, MiCA, cryptocurrencies, decentralized finance, etc.), notably through publications or responses to public consultations.

Legal Committee

 Chaired by Michel Prada

In close collaboration with the High Legal Committee of the Paris financial center, the committee discusses desirable or ongoing reforms concerning the financial sector. As part of its dialogue with authorities (Ministry of Economy and Chancellor's Office, in particular) and regulators (Banque de France/ACPR and AMF), it brings together the analysis of industry professionals and, if necessary, formulates recommendations.

Cybersecurity

Chaired by Antoine Creux

The group monitors the evolution of threats, relying in particular on feedback from operators of essential services and both financial and non-financial companies. It also aims to share best practices and promote risk awareness that can also involve individuals.

Data

  Chaired by Simon Janin

Given the increasing importance of both financial and non-financial data, the group examines the challenges that data disseminators and users may encounter. It assesses the extent to which the regulations applicable at the national and community levels are appropriate to address these issues. It publishes its positions and maintains close contacts with regulatory authorities.

Digital euro

Chaired by Philippe Goutay

Following the publication of a Digital Euro package by the European Commission, and in connection with the experiments conducted by the Eurosystem, the group gathers analyses and observations from stakeholders in the financial industry interested in the issue of central bank digital currencies, both wholesale and retail. It actively engages in discussions with the relevant French authorities on these topics.

Decentralized finance

Chaired by Philippe Goutay

"Considering the growing importance of activities conducted outside regulated financial sectors, the group actively participates in discussions within the financial industry aimed at finding a proper balance between supporting innovation and protecting investors. In particular, it engages in dialogue with the ACPR (Prudential Supervision and Resolution Authority) and the AMF (Financial Markets Authority) during public consultations launched on these matters.

Taxation

 Chaired by Helena Vrignaud 

This commission primarily brings together representatives from professional organizations responsible for analyzing French or European legislative or regulatory projects in tax matters. Active efforts are regularly undertaken by its members with national or community authorities to better communicate the position of stakeholders in the Paris financial district on these subjects.

Insurance-Linked Securities

 Chaired by Patrice Doat

Aiming to strengthen Insurance-Linked Securities (financial instruments backed by an insurance contract) issued by French players and/or with documentation under French law, the group intends in particular to accelerate the approval procedures of the issuer, streamline the tax treatment of the issuer and the issue in order to reduce the cost, facilitate the placement of the issue with investors and encourage the emergence of large, specialized French players.

ARTIFICIAL INTELLIGENCE

 Chaired by Thomas Rocafull

The purpose is to study the challenges and opportunities linked to the use of artificial intelligence, focusing on its applications for all players and on the impact, for the professions concerned, of changes in the regulatory framework (Artificial Intelligence Act proposed by the European Commission, in particular).

Long-term investment

  Chaired by David Vaillant

This group is currently working on five themes, which are employee savings and retirement, pension reform, financial education, strengthening corporate equity, and the European ELTIF regulation. The overall ambition is to promote a good match between financing needs and long-term savings capacity.

DIGITALIZATION OF INTERNATIONAL TRADE

 Chaired by Philippe Henry et Béatrice Collot

As an extension of the report requested by the French authorities to Paris Europlace, and as requested by the government's "Dare to Export" plan presented at the end of August 2023, the group intends to work on implementing the recommendations, particularly legal and technological ones

European financial regulation

Chaired by Véronique Ormezzano

Adopting an international approach, this group analyzes the ongoing financial and prudential regulation in the European Union in relation to provisions applicable in other jurisdictions (primarily the United States and the United Kingdom) and evaluates projects under discussion at the community level. It actively participates in debates and establishes useful contacts to share the observations of stakeholders in the financial district.

Retail Investment Strategy

Chaired by Sophie Asselot

After the initiative taken by the European Commission to legislate on investment advice provided by professionals in the financial sector to individuals, the group intends to respond to this proposal by sharing, with both national and community authorities, the key concerns of stakeholders in the Paris financial market and the provisions that would enhance the forthcoming regulatory framework.

Securitisation

 Chaired by Gilles Saint-Marc et Véronique Ormezzano

Considering the long-term financing needs of the European economy and the contrasting developments in the securitization market between the European Union and other regions, the group aims to identify regulatory and prudential obstacles that hinder securitization within the Union and explore ways to address them under satisfactory conditions.