| Author(s): |
Laure de Batz M.A.,
|
| Type: |
Articles in refereed journals |
| Year: |
2017 |
| Number: |
149 |
| ISSN / ISBN: |
|
| Published in: |
Bankers, Markets & Investors |
| Publishing place: |
ESKA Publishing |
| Keywords: |
financial markets; regulation; fraud; information and market efficiency; history; listed companies; asset management firms |
| JEL codes: |
G14, G18, K42, N24 |
| Suggested Citation: |
de Batz, L., "Financial Sanctions in France – 2004-2016", Bankers, Markets & Investors Vol. 149 (Juil-Aug), pp. 62-71. |
| Abstract: |
The French Financial Market Authority published 308 sanction decisions from its creation in 2004 until late 2016, mostly resulting in a guilty verdict (90%) associated with financial fines (94%) and/or with disciplinary sanctions (30%), after long procedures (2.7 years on average), followed potentially by appeals. Half of them were first published anonymized. The most frequently sanctioned market participants are listed and asset management companies. From 2012 to 2016, 32 settlements complemented the legal arsenal. They are by law quicker, target less severe regulatory breaches without guilt recognition mostly by asset management firms, and result in less severe sanctions. |
| Downloadable: |
Paper available here
|
