Ever since the first SICAV, or open-end investment company, was created back in 1964, asset management professionals have shown a great capacity for adaptation and innovation when it comes to management procedures and designing new products.

This creativity is stimulated by demand and nurtured by France’s tradition of intellectual inquiry and research. However, the progress of financial innovation often goes hand in hand with regulatory changes.

Since 1989 many changes to financial regulations have been introduced at the initiative of industry professionals (link).