Abstract
The Case of the Financial Markets Regulation Authority Hubert Reynier The creation in 2003 of the Financial Markets Regulation Authority (Autorite de regulation des marches financiers), resulting from the merger of the Commission des operations de Bourse and the Conseil des marches financiers, reflects traditional principles of regulation : independence of the regulator, collegiality, and a clear sharing of responsibilities. It also illustrates present trends in financial regulation : the extension of the field of competence of the public regulator, the sharing of its competencies with the market, the redefinition of the financial market chain, and internationalisation.
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