Asset Management

Natixis investment businesses fined €3m by French regulator

AMF says financial services group failed to act ‘honestly, fairly and professionally in the interest of investors’ over securities-lending deals

The French financial regulator has fined two investment management subsidiaries of Natixis a total of €3m for failures relating to how they conducted securities lending and repurchase agreements.

In a statement on September 30, the Autorité des Marchés Financiers said it had fined Natixis Investment Managers International €2m for breaches “relating to the information provided to investors as well as to its management of conflicts of interest”.

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