Regulatory Alerts2019-01-08
Decision No. 2018-04 of 30 November 2018 amending Decision No. 2015-01 of 22 April 2015 on the implementation of monetary policy and intraday credit of the Bank of France
The Governor of the Bank of France issued Decision No. 2018-04 to amend the framework governing monetary policy and intraday credit by introducing dedicated cash accounts for T2S and TIPS systems. The decision updates definitions and access criteria to include TIPS Dedicated Cash Accounts and investment firms, while enforcing Eurosystem infrastructure localization requirements. It also clarifies procedures for overdraft recourse and sanctions for ineligible collateral, entering into force on 30 November 2018.
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