Regulatory Alerts2025-04-16
Decision No. 2025-01 of 16 April 2025 Amending Decision No. 2015-01 of 22 April 2015 on the Implementation of Monetary Policy and Intraday Credit of the Banque de France
The Governor of the Banque de France issued Decision No. 2025-01 to amend the 2015 framework governing monetary policy and intraday credit operations. The amendments align French regulations with recent ECB orientations by updating definitions, introducing the 'common reserve' mechanism, and refining collateral eligibility and credit assessment procedures. These changes ensure consistent application of Eurosystem rules regarding margin calls, settlement, and the management of eligible assets.
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