Regulatory Alerts2024-04-30
Decision No. 2024-04 of the Governor 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. 2024-04 to align French monetary policy implementation with ECB guidelines by replacing MCA references with TARGET accounts and updating operational procedures for refinancing and deposit facilities. The decision introduces new eligibility criteria for private claims, including minimum thresholds and verification requirements, while clarifying the treatment of guarantees and internal rating systems within the Eurosystem framework. It also updates the timeline for open market operations and incorporates climate risk transparency requirements for Credit Rating Agencies.
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