The financial markets authority established the institutional model now in vogue. It did so through a rigorous interpretation of the implications of impartiality, of the organic separation between the college and an organ dedicated to punishment. The testimony of the authority's former president not only assists one's comprehension of the organization and its concrete functioning, but, moreover,
... [Show full abstract] it illuminates several small topical debates, notably on the question of competition between administrative and criminal sanctions. © Ed. juridiques associées. Tous droits réservés pour tous pays.