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PART 1 Backgrounder Couv BOOK 2009-2010-v2-vct.pdf 1 22/02/11 22:26 PART 1 Backgrounder BACKGROUNDER The mission of Paris EUROPLACE, a non-for-profit organisation created in 1993, is to develop and further modernize the Paris financial market and promote its key advantages at the regional, European and international level. Paris EUROPLACE, which today gathers 150 member institutions, brings together a multiplicity of players in the financial industry: corporate issuers, financial intermediaries, asset management companies, law and accounting firms and consultancies – all of which participate to the association’s actions and activities. Web Site: www.paris-europlace.net The Paris marketplace is well positioned for a post-crisis environment… • Paris has been resilient during the financial crisis primarily because of three main factors: French financial services benefit from efficient government regulation; diversification supports the French universal banking model; and France has a strong asset management pool, second in the world in size behind the US • France has established a Prudential Control Authority, merging its Banking Commission and the Insurance Authorities, in effect creating a “twin-peaks” regulatory organization and improving efficiency and visibility of its regulatory environment. • France offers an efficient market infrastructure that disseminates prices, brings buyers and sellers together, ensures that their obligations to each other properly are discharged, and provides a regulatory structure that underpins the process – before, during and after the trade. Paris has enhanced its role as a center for global finance and investment… • NYSE Euronext is the world’s largest stock exchange – and its exchange in Paris is the largest in Europe, as measured by the value of equity trading – and more than 200 companies listed in its European branch are non-European • Paris EUROPLACE maintains close dialog with international financial centers in Russia and Asia, with Memorandum of Understanding agreements with Dubai, Qatar, Moscow, Almaty, Shanghai and anticipated agreements with Abu Dhabi, as Paris EUROPLACE believes a global crisis requires global solutions, cooperation and exchange • Paris is very open: International investors hold 43% of equities listed in France, and Paris is second only to London in terms of a presence for international banks and financial institutions in Europe – Paris attracts international talent in all areas of global finance • Paris is the leading corporate bond market in Europe, and through an active secondary bond platform known as Cassiopeia, it now has a fully transparent process for Euro corporate bonds issuance • With €2.6 trillion under management, Paris hosts the second largest funds industry in the world after the US: Paris is home to more than 590 asset management firms, offering more than 11,300 funds to investors, and in 2009, France accounted for 21% of all funds under management in Europe (Germany is second with 18%, with UK third at 17%) • Paris offers long-term savings tools through its international banks, particularly attractive to Sovereign Funds and international long-term investors • The French funds industry has several core areas of excellence: commercial paper (with liquidity provided by the European Central Bank), financial research, project finance innovation, OTC derivatives, retail banking, investment banking (custody services and fund management), and distribution of financial and insurance/reinsurance products • Four French asset management companies (AMUNDI, AXA Investment Managers, BNP Paribas Asset Management and Groupama AM) are among the 20 largest world players, with strong positions in Asia – and three of its international banks are among the Top 20 in total assets (BNP Paribas, Crédit Agricole and Société Générale); Two of its insurance companies – AXA and CNP – are among the world’s 10 largest insurers • More than 70 “innovation clusters” fuel research & development, with participating companies launching 2,000 projects since 2005, engaging more than 10,000 scientists – with non-French-based companies involved in nearly 500 sites with 173,500 employees • Paris supports corporate financing for young innovative companies – and through the Paris FINANCE INNOVATION initiative, France hopes to build industrial partnerships between French and international small- and medium-sized enterprises, offering opportunities for international private equity investment • With BlueNext, Powernext and Metnext, Paris is the world leader in environmental finance having established the first commodities market of the 21st Century – and Paris also is a leading hub for socially responsible investing with more than 200 established funds Paris thrives as a center for global business… • France is world’s fifth largest national economy – and second largest in Europe (behind Germany); it is the world’s third largest destination for foreign direct investment (behind US and UK); and is the world’s fifth largest exporter for services • Paris is home to 27 Global 500 companies – trailing Tokyo (51) and ahead of Beijing (26), New York (18), and London (15) – 15 France-based companies are world leaders in their respective industries (Fortune Global 500, 2009) PART 2 Calendrier Prévisionnel 2011 2011 Planning Rencontres Financières Internationales de Paris EUROPLACE : Calendrier Prévisionnel 2011 Paris EUROPLACE International Financial Forums : Planning 2011 • New York, le 18 avril / April, 18th • Paris, les 5 & 6 juillet / July, 5th & 6th • Tokyo, le 28 novembre / November, 28th • Singapour, le 30 novembre / November, 30th D’autres destinations telles que Sao Paulo, Mumbai, Istanbul…sont à l’étude et seront validées en fonction de l’intérêt des membres de Paris EUROPLACE. Other destinations such as Sao Paulo, Mumbai, Istanbul…are currently being considered and will be confirmed according to Paris EUROPLACE’s members wishes. PART 3 Paris EUROPLACE Rencontres Financières Internationales International Financial Forums 2010 Paris EUROPLACE - DIFC Wednesday, December 15th 2010 “The Dubai-Paris Partnership: Facing a Multi-polar World” Venue DIFC Conference Center, Dubai, UAE 8:00 Welcome & Registration 9:00-9:15 Welcome Address: Dr. Nasser SAIDI, Chief Economist and Head of External Relations, DIFC Authority Arnaud de BRESSON, Chief Executive, Paris EUROPLACE 9:15–10:15 Plenary Session: Financial Centers in a Multi-Polar World In a multi-polar world and with the emergence of the BRIC countries, financial centers are facing new challenges to accompany economic growth. Financial centers should aim at building a global network and at developing an ongoing dialog ensuring a regulatory convergence, in order to serve the final purpose of efficiently financing the “real economy”. - Arnaud de BRESSON, Chief Executive, Paris EUROPLACE - Fahima Al BASTAKIYA, Senior Vice-President, Market Development, DUBAI FINANCIAL MARKET - Christian LAINE, Special advisor for the Middle East, Amundi - Pierre MENET, Managing Director, Société Générale - Structured Capital Finance - Dr. Nasser SAIDI, Chief Economist and Head of External Relations, DIFC Authority 10:15–10:30 Coffee break 10:30–11:30 Round Table 1: “G20 Agenda - New Regulations: What Impact for Regulators and for the Industry?” (Co-organized with European Institute of Financial Regulation) 1/ How do National regulators interact with increasingly influent global regulatory bodies, such as the Financial Stability Board? 2/ What are the propositions on the European market, and how do they fall under various European jurisdictions? How do they compare with emerging markets and Dubai trends? - Sophie BARANGER, Director of Accounting Affairs, French Market Authority (AMF) - Dr. Ryan LEMAND, Economic Advisor and Head of Risk Management, Emirates Securities & Commodities Authority - Sylvie MATHERAT, Director – Financial Stability, Banque de France - Pierre MENET, Managing Director, Société Générale - Structured Capital Finance - Prasanna SESHACHELLAM, Director, Supervision, DFSA Moderator: Edouard-François de LENCQUESAING, Chief Executive, European Institute for Financial Regulation 11:30-12:30 Round Table 2: Structured Finance : Asset Based Finance and Covered Bonds – Two Way Opportunities How the French Covered Bond and Islamic Finance Regulation is an Opportunity for GCC Investors and Borrowers? (Co-organized with Société Générale - Structured Capital Finance) 1/ The French public infrastructure and home-loans markets offer high quality collateral assets. French Covered bonds give international investors a privileged access to secured French property and infrastructure projects as well as Sovereign credit. 2/ The UAE are undergoing a dramatic economic expansion, driven by a far- reaching economic diversification strategy. Projects long term financing is a key issue for the region. It can be achieved through structured finance deals and covered bonds could be one the tools in the box to help long term funding. 3) Opportunities for French Issuers to tap the Islamic Finance market? Perception of the French Regulation vs. Traditional Structures - Thierry DISSAUX, Chief Executive Officer, French Deposits Guarantee Fund, and Former Special Adviser for Financial Affairs, French Treasury - Pierre MENET, Managing Director, Société Générale - Structured Capital Finance. - Tim ROSS, Attorney at Law, Partner, Latham & Watkins - Mohammed Moyn UDDIN, Executive Director, Al Waha Capital PJSC 12:30-13:30 Round Table 3: “Islamic Finance – New Opportunities in France” (Co-organized with CMS Bureau
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