After 3 months of parliamentary debates, law no. 2024-537 aimed at increasing business financing and France’s attractiveness as a financial center was adopted on June 13, 2024 (the “Attractiveness Law”).
Boosting the Paris financial center’s attractivity by diversifying and simplifying formalities for business financing
The European Union suggests strengthening the harmonization of the AML/CFT legal framework
Since the early 1990s, the European Union (hereinafter referred to as the “EU“) has implemented a framework for combating money laundering and terrorist financing (hereinafter “AML/CFT“), which has been tested
The Ordinance on Credit Servicers and Purchasers introduces a new regulated profession at the service of banks and borrowers
For credit institutions, the management and restructuring of their non-performing loans (“NPLs”) and the possibility to sell these NPLs are essential to preserve financial stability, by reducing their balance sheets