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Presenting the AEFR

The Association Europe-Finances-Régulations (AEFR), born from the merger in May 2021 of the AEF (Association d'Economie Financière) and the EIFR (European Institute of Financial Regulation), is a think tank aiming at elaborating proposals on the evolutions of the regulation and the organisation of the financial markets in order to put forward the views of the "Europe of 27" at the national, European or international level. AEFR aims to strengthen the capacity for reflection on financial regulation, on an inclusive and representative basis, in the dual context of the European Green Pact and the digital revolution, and thus seeks to contribute to European influence in the world of tomorrow, through state-of-the-art regulation and organisation of financial services.

AEFR is both :
- a tool for the production of debate papers, to open or broaden debates by constituting a basis for reflection on current or prospective issues relating to financial regulation, the organisation of financial services in post-Brexit Europe and the ecological transition, and more generally the development of financial services in Europe and the world ;
- a forum for exchanges between the heads of AEFR member institutions and companies on major financial developments and sectoral issues, notably as identified in the debate papers, through regular "Chatham House" type meetings ;
- a centre of expertise on financial regulation, organising events of different formats on various regulatory themes, both cross-cutting and highly focused, by bringing together cross-expertise from regulators, regulated financial institutions, consultancy and law firms, and professional associations;
- the publishing house of the Revue d'Economie Financière, which enjoys a reputation and authority recognised in the academic world on the basis of French and foreign contributions from academics, regulators and professionals.

The AEFR's membership, numbering some forty, includes the main regulators of the financial sector (AMF, Banque de France, ANC, Treasury), the various branches of financial services (French and foreign banking, insurance and management institutions, capital markets companies
and rating agencies), law and consulting firms, non-financial companies, professional associations, and qualified individuals.

AEFR is chaired by Pervenche Berès, Member of the European Parliament from 1994 to 2019, former Chair of the European Parliament's Committee on Economic and Monetary Affairs, and particularly involved in financial regulation issues. The Steering Boards of the 4 activities are chaired respectively by Benoît Coeuré, former member of the Executive Board of the ECB, Didier Valet, Vice-President of the Louis Bachelier Institute, Alain Papiasse, President of the Paris Europlace Steering Committee, and François Villeroy de Galhau, Governor of the Banque de France.


For more information, and about the agenda of upcoming events of the Centre of Expertise on Financial Regulation: 



Press release - Establishment of the AEFR
(Association Europe - Finances - Régulations)
26 May 2021

Download the press release

Contact information

Association Europe-Finances-Régulations
38 rue de Ponthieu
75008 Paris

Courriel :

Membres de l'AEFR

Agence française de développement, Akeance Consulting, Amundi, Autorité des marchés financiers, Autorité des normes comptables, Autorité marocaine du marché des capitaux, Axa, Banque de France - ACPR, Banque Delubac & Cie, Banque européenne d'investissement, BlackRock France, Bnp Paribas, Bredin Prat, Caisse des dépôts et consignations, CCR, Citigroup, CNP Assurances, Covéa, Crédit mutuel alliance fédérale, Crédit mutuel Arkea, Direction Générale du Trésor, EDF, Engie, Euronext, Gide Loyrette Nouel, Gimar&Co, Goldman Sachs Paris, HSBC, KPMG, Kramer Levin, La Banque Postale, Mazars, Moody's, Morgan Stanley, Natixis-BPCE, Paris Europlace, Scor, Société Générale, Sopra Steria Next, Tikehau Capital, UniCredit.

AEFR board members

President : Pervenche Berès

Qualified personalities: Benoît Cœuré and Didier Valet

Ex-officio members: Autorité des marchés financiers; Banque de France - ACPR; Paris Europlace.

Directors: Amundi, Axa, Bnp Paribas, Bredin Prat, Caisse des dépôts et consignations, Covéa, EDF, Engie, Euronext, Mazars, Morgan Stanley, Natixis-BPCE, Société Générale.

As censor: Direction Générale du Trésor

General Delegates of the Association: Michel Cojean et Sylvain de Forges

Treasurer of the Association: Olivier Bailly


REF - Members of advisory board

Honorary presidents

Jean-Claude Trichet

Christian Noyer



François Villeroy de Galhau, Gouverneur, Banque de France


Jean-Pascal Beaufret, Managing director, Goldman Sachs Paris

Pervenche Berès, President, AEFR

Afif Chelbi, Chairman of the Risk Committee, Banque Internationale Arabe de Tunisie

Jean Cheval, Senior advisor, Natixis

Benoît Coeuré, President, Autorité de la concurrence

Ambroise Fayolle, Vice-President, Banque Européenne d'Investissement

Bernard Gainnier, President, Finance Innovation

Antoine Gosset-Grainville, Lawyer at the Court, BDGS Associés

Olivier Guersent, Director General, COMP-Commision Européenne

Nezha Hayat, President, Autorité Marocaine du Marché des Capitaux

Elyès Jouini, Professor, Université Paris-Dauphine

Hans-Helmut Kotz, Senior Fellow, Leibniz Institute for Financial Research SAFE, Center for Financial Studies, Université de Harvard

Eric Lombard, Director General, Groupe Caisse des Dépôts

Emmanuel Moulin, Director General, Direction générale du Trésor

Robert Ophèle, President, Autorité des Marchés Financiers

Alain Papiasse, Chairman CIB, Bnp Paribas

Olivier Pastré, Scientific Advisor REF, Professeur émérite Paris 8

Patricia Plas, Director of Public Affairs and Institutional Relations, Axa

Odile Renaud-Basso, President, BERD

Rémy Rioux, Director General, Agence Française de Développement

Patrick Soulard

Augustin de Romanet, President, Paris Europlace

Jean-Luc Tavernier, Director General, Insee

Didier Valet, Vice-President Industry, Institut Louis Bachelier

Claire Waysand, Deputy Director General, Engie


REF - Editorial board

Honorary presidents

Jacques Delmas-Marsalet

Hélène Ploix


Sylvain de Forges, Publishing director

Olivier Pastré, Scientific advisor

François-Xavier Albouy, Editorial manager


Patrick Artus, Director of Research and Studies, Natixis

Raphaëlle Bellando, Professor, Université d'Orléans

Kheira Benhami, Director of the Studies, Strategy and Risk Division, AMF

Pervenche Berès, President, AEFR

Christian de Boissieu, Professor, Université Paris I

Jean Boissinot, Deputy Director of the Financial Stability Directorate, Banque de France

Arnaud de Bresson, General Delegate, Paris Europlace

Jean-Bernard Chatelain, Professor, Université Paris I, GdRE "Monnaie Banque et Finance"

Jézabel Couppey-Soubeyran, Senior Lecturer, Université Paris I - Panthéon Sorbonne

Claude Diebolt, Director of Research at the CNRS, Université de Strasbourg

Jean-Louis Fort, Lawyer at the Court

Olivier Garnier, Director General of the Directorate for Statistics, Studies and International Affairs, Banque de France

Ulrich Hege, Professor, Toulouse School of Economics

Pierre Jaillet, Research Associate, IRIS

Fatos Koc, Head of Public Debt Management, OCDE

Isabelle Laudier, Head of Institute for Research, Groupe Caisse des Dépôts

Frédéric Lobez, Professor, Université de Lille II, SKEMA

Catherine Lubochinsky, Professor, Université Paris II - Assas

Sylvie Matherat, Independent administrator, Senior global adviser, Mazars

Jean-Paul Pollin, Professor, Université d’Orléans

Philippe Trainar, Professor, Conservatoire National des Arts et Métiers

Natacha Valla, Dean, Ecole du Management et de l'Innovation, Sciences-Po


REF - Editorial department

Sylvain de Forges, Director of the Publication

Olivier Pastré, Scientific Advisor

François-Xavier Albouy, Editorial Manager

Paola Camilleri, Editorial and Publication Coordinator

Françoise Coscuella-Sarrade, Editorial Secretary


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