Regulatory Alerts2022-07-01
Decision No. 2022-02 of 30 June 2022 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. 2022-02 to amend the valuation haircuts applied during the implementation of the Eurosystem's monetary policy, in accordance with ECB guidelines. The decision updates specific haircuts for asset-backed securities, covered bonds, and non-negotiable retail mortgage-backed debt instruments, while replacing the annex tables that define discount rates for eligible assets and private claims. This regulatory change enters into force on 8 July 2022 and applies across French overseas departments and regions, specific overseas collectivities, and the Principality of Monaco.
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