Article L142-1 of the French Monetary and Financial Code
November 8, 2023
The Banque de France is a state-owned institution.
The Banque de France is a state-owned institution.
The General Council administers the Banque de France. It deliberates on matters relating to the management of the Banque de France’s activities other than those falling within the remit of the European System of Central Banks. It decides on staff regulations. These regulations are submitted by the Governor of the Banque de France to the competent ministers for approval. The General Council also decides on the use of the Bank’s…
I. – The General Council of the Banque de France comprises : 1° The Governor and the two Deputy Governors of the Banque de France ; 2° Two members appointed by the President of the National Assembly and two members appointed by the President of the Senate, on the basis of their expertise and professional experience in financial or economic matters; 3° Two members appointed by the Council of Ministers,…
The Banque de France is managed by the Governor of the Banque de France. The Governor chairs the General Council of the Banque de France. He prepares and implements the decisions of the General Council. He represents the Bank in dealings with third parties; he alone signs all agreements on behalf of the Bank. It appoints to all posts in the Bank, subject to the provisions of Article L. 142-3….
Banque de France employees are bound by professional secrecy. They may not take or receive a holding or any interest or remuneration whatsoever by way of work or advice in any public or private, industrial, commercial or financial undertaking, unless an exemption is granted by the Governor. These provisions do not apply to the production of scientific, literary or artistic works. The General Council of the Banque de France shall…
The branches of the Banque de France participate in the performance of the bank’s tasks. They contribute to the maintenance of banknotes and coins and the execution of cashless payments. They help to understand the local economic fabric and disseminate monetary and financial information. They manage and monitor cases of overindebtedness under the conditions set out in article L. 141-7. In order to carry out their duties, they maintain relations…
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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