Regulatory Alerts2024-04-30
Decision No. 2024-05 of the Governor amending Decision No. 2016-02 of 25 January 2016 on valuation haircuts applied in the implementation of the Eurosystem monetary policy
The Governor of the Bank of France issued Decision No. 2024-05 to amend Decision No. 2016-02 regarding valuation haircuts for Eurosystem monetary policy operations. The amendment introduces a zero-haircut category for pre-euro central bank notes and reclassifies central government, EU, and non-euro area central bank debt into Haircut Category I. The revised decision, effective May 6, 2024, replaces the original annex with an updated table defining five distinct haircut categories for eligible marketable assets based on issuer type.
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