White Papers

On the initiative of its Strategic Committee, the AFG leads missions of reflection on the big stakes with which is confronted the asset management industry. The proposals of the profession stemming from these reflections are explained in our White Papers.

White papers published in French :

 

White paper « Education Financière : Des épargnants éclairés, acteurs de l’économie de demain »September 2019 (in French)
Download the brochure :  White Paper on Financial Education “Well-informed investors – key players in tomorrow’s economy “September 2019 (in English)

The financial education of investors, whether they are private individuals or institutions, as well as that of intermediaries, is a major issue for the development of meaningful savings that promote effective funding of our economy. The key objective is to enable investors to be both key players in and beneficiaries of a better financed economy. The white paper recommends 14 measures broken down into three main areas: Financial education / Training / Regulation. 

White paper :  Asset Management: Boosting the Competitiveness of the Paris Financial Centre – June 2019 (in french only)
Download the brochure : White Paper : “Competitiveness of the Paris Financial Centre”June 2019 (in english)


In an effort to re-energise the French asset management industry, Eric Pinon, Chairman of the French Asset Management Association, AFG (Association française de la gestion financière), invited Jean-Pierre Grimaud, CEO of OFI Asset Management and a member of the AFG’s Strategic Committee, to draft a white paper on competitiveness aimed at generating clear, concrete and ambitious proposals. This white paper was presented on 9 July 2019 at the Paris Europlace International Financial Forum. Jean-Pierre Grimaud, Stéphane Janin (Head of Global Regulatory Development, AXA IM) and Eric Sidot (Head of Market Infrastructures, AFG) presented the proposals resulting from this work at a special session on “French Competitiveness, Paris, the Place to Be!

  • Drawing on earlier proposals made in the FROG Report and the 2016 white paper on the competitiveness of the Paris financial centre, the white paper recommends 40 measures broken down into four main areas:
    • Support innovation to ensure that France becomes the leader in the management of digital assets;
    • Modernise market infrastructures to ensure that the ecosystem in which asset management companies operate is more dynamic and inventive;
    • Review the legal and regulatory framework at national, European and international levels;
    • Reform the current fiscal and accounting framework in order to follow up on initiatives already undertaken to boost France’s attractiveness.
  • The AFG wants to kick-start the Paris financial centre and points out that seven of these 40 proposals could be implemented very quickly.

 Livre blanc : Financement des PME – mars 2017Livre Blanc Financement PME mars 2017
L’Association Française de la Gestion financière (AFG) publie un Livre Blanc sur le financement des PME. Il a été élaboré dans le cadre de la mission confiée à Christophe Bavière, Président du Comité Capital Investissement de l’AFG. Les sociétés de gestion ont un vrai rôle à jouer pour participer au financement des entreprises durant toutes les étapes de leur vie. L’enjeu du financement des PME et ETI doit donc devenir une cause nationale en France. 

Livre Blanc – L’Epargne Retraite – December 2016AFG LivreBlanc Epargn Retraite Couverture
The AFG publishes a White paper, result of its works on retirement savings. These reflections led by Philippe Setbon, member of the Strategic Committee and Chairman of the AFG Savings Solutions Committee, resulted in the preparation of this “Epargne Retraite” white paper, which lists the current arrangements and proposes to improve them.

  AFG Rapport RevGestionActifs 201170112Rapport : La nouvelle révolution industrielle de la gestion d’actifs au service de l’épargnant – January 2017
The innovation and research Committee of the AFG, co-chaired by Muriel Faure and Jean-Louis Laurens, examined the impact of the “digital” on the sector of the asset management, and the opportunities offered by these innovations.
Leaning on recent academic works, but also on observations of practitioners of the management industry and the speakers of the “digital” universe, the working group leaded by Jean-Louis Laurens, gave rise to the report: “La nouvelle révolution industrielle de la gestion d’actifs au service de l’épargnant”.

AFG GuideTransformationDigitale 20170112  Guide : La transformation digitale des sociétés de gestion en “SGP 3.0” – January 2017
The innovation and research Committee of the AFG, co-chaired by Muriel Faure and Jean-Louis Laurens, examined the impact of the “digital” on the sector of the asset management, and the opportunities offered by these innovations.
Leaning on recent academic works, but also on observations of practitioners of the management industry and the speakers of the “digital” universe, the working group leaded by Muriel Faure, gave rise to the guide : “La Transformation digitale des Sociétés de gestion de portefeuille en SGP 3.0”.

White papers published in English :

file icon White paper : Competitiveness of the Paris financial centre – november 2016 (in English)

White paper CompetitivenessThe Association Française de la Gestion Financière (French Asset Management Association – AFG) has today published a White Paper, the result of work undertaken over the past few months on the competitiveness of  French asset management and the Paris financial centre.
– Competitiveness of the Paris financial centre: AFG proposes 10 solutions with a view to boosting the asset management industry
– These tangible and ambitious steps will contribute to making Paris the favoured platform for the European market by 2025.