AMF study report on private equity in Europe
21 June 2007
The AMF issued an educational study outlining the organisational and operating principles of the private equity market as well as mapping the potential risks to financial stability and investor protection.
The study also seeks to encourage reflection among regulators by raising the following issues:
asset valuation;
market assessment of credit risk and, where appropriate, the role of credit rating agencies;
comparative competitive merits of the various financing techniques available to corporates;
fund listing and transparency rules.
The AMF publication is one of a series of analyses of private equity by financial regulators. At international level, regulators are paying particular attention to the supervisory and systemic risk aspects of the debt incurred for leveraged buyouts and of the securitisation process. In addition, the International Organization of Securities Commissions has approved the formation of a task force to analyse the development of private equity activity.
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