AMF Regulation and Asset Management Newsletter No3

23 October 2007

This third AMF Newsletter focuses on the management of credit risks with regard to the US subprime mortgage crisis. French asset management regulations state that investments in a financial instrument must comply with a set of clear principles regarding the liquidity and valuation of that instrument. AMF states that the use of external ratings on a securitisation product does not exempt fund managers from taking special measures to ascertain the product's credit quality.

 

Further issues include the MiFID Directive, Fund Marketing Documents, and a Q&A with Didier Le Menestrel

 

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