the Banque de France What did the Banque de France do in 2015?

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1 All ab ut the Banque de France What did the Banque de France do in?

2 in figures ( Annual Report extracts) Delivering our three core missions: monetary strategy, financial stability and economic services 2 BANQUE DE FRANCE KEY FIGURES

3 12,269 full-time equivalent staff 96 branches 21 economic centres 73 customer service and information offices 6.9 billion euro, net income from activities 4.7 billion euro, profit before tax and exceptional items 2.2 billion euro, net profit 12.9 billion euro in equity capital -11%, reduction in energy consumption -1.3%, reduction in energy-related greenhouse gas emissions -7%, reduction in transport-related greenhouse gas emissions 3

4 $ Monetary strategy activity 65 publications in peer-reviewed journals 47 working papers published 3 rd largest publisher among Eurosystem central banks (by number of listed publications) 134 billion euro of asset purchases since October 2014 in the framework of non-standard monetary policy operations 145 billion euro, total amount of France s gross reserves (EUR billion in net reserves) 55.2 billion euro, total foreign exchange reserves 76.2 billion euro, value of gold reserves 2,435 tonnes, size of France s gold reserves (4th largest holding in the world, after the United States, Germany and Italy) 2.8 billion banknotes manufactured and delivered 6.7 billion banknotes sorted 7.0 billion banknotes distributed by Banque de France counters 18.8 billion coins in circulation 4 BANQUE DE FRANCE KEY FIGURES

5 tasks Monetary policy decisions are based on in-depth economic economic assessment that uses high-level research: expert appraisals, studies and modelling diagnoses, analyses and forecasts preparation of meetings (ECB, BIS, IMF, G20) As a member of the Eurosystem, the Banque de France maintains confidence in the currency: note-issuing bank largest printer of euro banknotes oversight of payment instruments The Banque de France implements monetary policy and provides liquidity to French banks to ensure the financing of the economy: forecasts of liquidity requirements of the French banking sector refinancing of French banks asset purchases in the framework of the ECB s non-standard monetary policy operations The Banque de France is a key market player, via its operational activities, its supervision of market infrastructure and its management of foreign exchange and gold reserves: market operations operating the future securities settlement system Target2 Securities First publication of macroeconomic projections 20 th anniversary of the Banque de France Foundation Issuance of the Europa-series 20 banknote UUNE SEPTEMBER NOVEMBER AUGUST NOVEMBER Approval of ESNI by the ECB New format for the Banque de France Bulletin and Quarterly Selection of Articles 5

6 Financial stability activity 204 on-site inspections: insurance firms, banks (excl. SSM), business practices 42 inspections on behalf of the ECB in the framework of the SSM ACPR 1,028 ACPR staff 80 individuals seconded to the ECB in the framework of the SSM 777 authorised banks 827 authorised insurance firms and mutual insurers 12% core tier one ratio of the six main French banking groups 24 billion euro, average daily settlement flows processed in retail payment systems in France in December 307 billion euro, average daily settlement flows processed by Target2 (large-value payment system) in France in December 2 reports on the assessment of risks in the French financial system 20 seminars 1 conference on financial regulation and stability 15 studies and research projects 6 BANQUE DE FRANCE KEY FIGURES

7 tasks The Autorité de contrôle prudentiel et de résolution (ACPR) is charged with supervising the financial sector: supervision of banks and insurance companies player in the Single Supervisory Mechanism enforcement of regulatory changes for banks and insurance companies authorisation of banks and insurance companies prevention of money laundering and of terrorist financing The Banque de France ensures the smooth operation and security of the payment systems and market infrastructures that it oversees. The Banque de France strives to safeguard financial stability and prevent systemic risks: analysis of systemic risk participation in international committees on systemic risks and the macroprudential framework coordination with the Haut Comité de stabilité financière (HCSF High Council for Financial Stability) Implementation of the Single Supervisory Mechanism (SSM) Completion of the transposition into French law of the Solvency II directive Transposition into French law of the Bank Recovery and Resolution Directive JANUARY JULY AUGUST APRIL JULY NOVEMBER Presentation in New York of the Financial Stability Review: The long-term financing of the economy in the new regulatory environment First half-yearly report on the assessment of risks in the French financial system Publication by the ACPR and Tracfin of guidelines on the prevention of money laundering and of terrorist financing 7

8 Economic services activity 15,000 companies participating in business surveys 100,000 subscribers to regional and national business surveys 20,000 statistical series disseminated 7.2 million businesses registered in the FIBEN company database at 31 December 14 million FIBEN searches 252,534 non-financial corporations (including SMEs) attributed a rating 1,102 companies provided with support (1,258 in 2014) 18,379 jobs saved or secured (20,033 in 2014) 370,000 letters and telephone calls received (mostly via the ABEIS telephone platform) 69,000 banks designated under the right to an account procedure billion euro of Treasury securities sold at auction ÉTAT 237,000 applications to the Household Debt Commissions resolved and closed 8 BANQUE DE FRANCE KEY FIGURES

9 tasks Business surveys and statistics, a detailed assessment of the economic situation: national surveys regional surveys Stat Info The Banque de France is also the state s bank: holding of the Treasury s account management of government securities auctions The monitoring of firms, based on expert knowledge, allows staff to conduct rigorous assessments: rating of companies monitoring of very small enterprises (VSEs) credit mediation The economic services provided to individuals aim primarily to ensure consumer protection: supervision of business practices the ABEIS website (a public service site which indicates risks to banking customers) The Banque de France is entrusted with a number of tasks aimed at preventing over-indebtedness and promoting banking inclusion: right to a bank account banking and financial inclusion Provision of secretariat functions for the departmental Household Debt Commissions, one of the most important tasks carried out by the branch network: solutions for over-indebted individuals typological survey of household debt Fabrice Pesin appointed National Credit Mediator Sanction imposed by the ACPR on an insurance firm (unsettled life insurance contracts) Sanction imposed by the ACPR on a brokerage company (non-compliance with obligation to provide advice and information) JANUARY JUNE JULY FEBRUARY JULY AUGUST Publication of a study of paths leading to overindebtedness Publication of the first report by the Observatory for Banking Inclusion The Macron Law extends access to FIBEN to insurance/ mutual insurance firms and management companies 9

10 The Banque de France network Saint-Denis PARIS-LA DÉFENSE Paris Paris-Bastille Pantin Créteil Dunkerque Calais Roubaix Boulogne/Mer LILLE Lens Valenciennes Douai Arras Maubeuge Brest Quimper Lorient Amiens Saint-Quentin Charleville- Cherbourg Laon Mézières Le Havre ROUEN Beauvais Sarreguemines Compiègne Reims Metz Saint-Lô Caen Evreux Pontoise Châlonsen-Champagne STRASBOURG Nancy Bar-le-Duc Versailles Marne-la- Vallée Alençon Evry Melun Épinal Chartres Troyes Saint-Brieuc Remiremont Colmar Chaumont Laval Le Mans Mulhouse RENNES Belfort Vannes ORLÉANS Auxerre Vesoul Angers Blois DIJON Besançon NANTES Tours Cholet Bourges Nevers Lons-le-Saunier Chalon/Saône Châteauroux La Roche-sur-Yon Moulins Mâcon Cluses Poitiers Bourg-en-Bresse Niort Annecy Guéret La Rochelle Roanne Limoges LYON Chambéry Angoulême Clermont-Ferrand Vienne St Etienne Tulle Grenoble Le Puy-en-Velay Périgueux Aurillac Valence BORDEAUX Gap Mende Privas Cahors Rodez Digne Agen Avignon Montauban Nice Mont-de-Marsan Albi Nîmes Montpellier Auch Castres Béziers TOULOUSE Bayonne MARSEILLE Toulon Pau Carcassonne Tarbes Foix Perpignan Bastia AJACCIO Branch Branch carrying out cash operations Economic unit Economic unit carrying out cash operations Currency management centre (CTMF) Household debt centre (CTS) Exchange branch To find the branch closest to you, click here 10 BANQUE DE FRANCE KEY FIGURES

11 How to contact us Headquarters 31 rue Croix des petits champs PARIS France + 33 (0) Public Information General information in French on banking regulation and credit, overindebtedness, the national register, and repayment incidents: (from 8am to 6pm) and by infos@banque-france.fr Find us on the mobile app 11

12 Press and Communication Directorate Studio Création Banque de France July 2016