French banks are fully committed to the fight against terrorism financing. In this regard, they welcome the action plan announced by the European Commission on 2 February 2016.
French government authorities have announced their intention to legislate changes to the hierarchy of bank creditors in the event of financial difficulty. The measure is in line with the implementation of the Bank Recovery and Resolution Directive (BRRD), enacted in French law by decree in August 2015. The French Banking Federation welcomes the proposed legislation. By opting to rule out any retroactive effect by the measure, the French government is addressing the concerns of current investors. The Directive requires banks to demonstrate that they have the necessary resources to continue executing activities essential to financial stability. Furthermore, public resolution funds are established through banks' contributions. These funds can be used if internal resources prove insufficient, removing all possibility of using public financing or customer deposits.
French banks welcome the agreement reached this weekend at the end of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21).
French banks are fully engaged in the fight against global warming. At a press conference this morning, Marie-Anne Barbat-Layani, Chief Executive Officer of the French Banking Federation (FBF) presented the range of initiatives being undertaken by the banking sector in France, in the run up to the United Nations Conference of the Parties on climate change - COP 21.
The representatives of the banking profession wish to express their compassion following the attacks in Paris and Saint Denis on Friday 13 November.
FBF welcomes the Capital Markets Union (CMU) initiative and the new priority to growth and employment. A proper financing of the economy is key to achieve these objectives. As a reminder, financing the economy, especially SME's is the number one strategic priority of French banks.
FBF_plaquette_UMC_15072015_EN.pdf [1371 ko]