Regulatory Alerts2022-07-01
Decision No. 2022-04 of June 30, 2022 Amending Decision No. 2020-02 of April 20, 2020 on Additional Temporary Measures Concerning Refinancing Operations of the Banque de France and Eligibility of Collateral
The Governor of the Banque de France issued Decision No. 2022-04 to amend temporary refinancing measures and collateral eligibility rules effective July 8, 2022. The decision updates haircuts for corporate loans based on FIBEN ratings and probability of default, introduces specific criteria for residential mortgage eligibility, and revises discount rates for state-guaranteed loans and asset-backed securities. These changes align national regulations with ECB orientations and ensure sufficient granularity and risk coverage for eligible collateral in monetary policy operations.
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