Chapter I: Missions

The Banque de France is an integral part of the European System of Central Banks, established by Article 8 of the Treaty establishing the European Community, and participates in the performance of the tasks and observance of the objectives assigned to it by the Treaty. Within this framework, and without prejudice to the primary objective of price stability, the Banque de France supports the Government’s general economic policy. In the…

Under the conditions laid down in the Statute of the European System of Central Banks, and in particular Article 30 of the Protocol on the Statute of the European System of Central Banks and of the European Central Bank on the transfer of foreign reserve assets to the European Central Bank, and Article 31 of the said Protocol relating to the management of foreign reserve assets held by the national…

The Banque de France is prohibited from authorising overdrafts or granting any other type of credit to the Treasury or any other public body or company. The direct acquisition by the Banque de France of their debt securities is also prohibited. Agreements drawn up between the State and the Banque de France specify, where applicable, the terms of repayment of advances granted to the Treasury by the Banque de France…

I. – The Banque de France shall ensure the smooth operation and security of payment systems within the framework of the task of the European System of Central Banks relating to the promotion of the smooth operation of payment systems provided for in Article 105(2) of the Treaty establishing the European Community. The effectiveness against third parties and the enforcement of the rights of the national central banks which are…

Pursuant to Article 106(I) of the Treaty establishing the European Community, which grants the European Central Bank the exclusive right to authorise the issue of banknotes in the Community, the Banque de France has the exclusive right to issue legal tender banknotes in mainland France. The Banque de France must pay the French State the balance of franc-denominated banknotes withdrawn from circulation and not presented at its counters. The Banque…

The Banque de France works with the High Council for Financial Stability to ensure the stability of the financial system. It contributes to the implementation of the decisions of the High Council.

I. – The Banque de France is authorised to obtain information from credit institutions, finance companies, electronic money institutions, participative finance intermediaries, the undertakings referred to in II of Article L. 511-7 and Articles L. 521-3, L. 525-4 and L. 525-5, payment institutions, investment firms, UCITS, AIFs covered by paragraphs 1, 2 and 6 of sub-section 2, paragraph 2 or sub-paragraph 1 of paragraph 1 of sub-section 3, and sub-section…

When the Banque de France becomes aware, in the course of its duties, of an emergency situation as defined in Article L. 613-20-5, it shall alert as soon as possible the Autorité de contrôle prudentiel et de résolution and, where applicable, the relevant competent authorities within the meaning of Article 4(1)(40) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013, as well…