Regulatory Alerts2024-11-14
Regulatory Decision 2024-21 of November 14, 2024: Organization of the General Directorates of the Bank of France
The Governor of the Bank of France issued Decision 2024-21 to reorganize the General Directorate of Payment Means (DGMP) by renaming the finance directorate and establishing a new IT directorate. The decision defines the specific mandates of seven subordinate units, including risk compliance, banknote manufacturing, institutional client relations, cash circulation, payment studies, and IT services. This regulatory framework, effective November 4, 2024, supersedes previous decisions to streamline the operational and strategic functions of the DGMP.
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