Regulatory Alerts2026-03-30
Decision No. 2026-02 Amending Decision No. 2016-02 on Valuation Haircuts Applied in the Implementation of the Eurosystem Monetary Policy
The Governor of the Bank of France issued Decision No. 2026-02 to amend the valuation haircuts applied during the implementation of the Eurosystem's monetary policy. The decision introduces additional haircuts for assets denominated in British pounds, US dollars, and Japanese yen, while modifying the treatment of private credit interest payments and removing specific regulatory paragraphs. These changes, which align with recent ECB orientations, enter into force on March 30, 2026, and update the applicable haircut rates in Annex 2 bis.
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