Regulatory Alerts2019-08-05
Decision No. 2019-03 amending Decision No. 2016-07 of 30 December 2016 on additional temporary measures concerning Banque de France refinancing operations and collateral eligibility
The Governor of the Banque de France issued Decision No. 2019-03 to amend Decision No. 2016-07 regarding temporary refinancing measures and collateral eligibility. The amendment removes specific paragraphs from Articles 1 and 6, deletes Article 8 paragraph 3, and replaces Article 8 paragraph 2 to exempt certain euro area sovereign debt securities from Eurosystem credit quality thresholds when under EU/IMF financial support programs. This decision entered into force on 5 August 2019 and applies across French overseas departments and regions, Saint-Barthélemy, Saint-Martin, Saint-Pierre-et-Miquelon, and the Principality of Monaco.
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