French regulator clarifies exemption criteria around ESG strategies used in structured products
Growing demand for ESG strategies to underlie structured products for retail clients has prompted the Autorité des Marches Financiers (AMF) to exempt ESG filters as a complexity mechanism, subject to conditions, within the existing regulatory framework in France. According to Cyril Baron (pictured), senior analyst, corporate finance division at the French regulator, presenting the AMF Update: An Overview of the Latest Regulatory Developments in France at the inaugural SRP Fra