To prevent disruption to the circulation of banknotes in France, the Banque de France has put in place measures to ensure the continuity of its internal cash-related activities. In conjunction with other cash industry professionals, it also helps to develop structures and tools to preempt, monitor and manage potential cash crises at national or European level.
The Banque de France is the only body authorised to issue legal tender banknotes across France. The Banque de France is therefore responsible for providing banknotes to the public, even in times of crisis, even though it does not handle the entire cash cycle.
For this reason, the Banque de France both ensures the business continuity of its cash activities and develops, together with other cash industry professionals, structures and tools to control and manage a cash-related crisis.
Within the Financial Resilience Coordination Group (Pôle de Coordination Robustesse Financière), which ensures the business continuity of the Paris financial centre, it appeared necessary to separate cash-related issues and aspects linked to secure transportation in order to deal with them in a dedicated group.
In 2008, a cash business continuity group, (Groupe Plénier Robustesse Fiduciaire - GPRF), chaired by the Banque de France (the Director of Cash Management) and involving major players in the cash industry, was therefore set up. It brings together representatives of cash-in-transit companies and their federation (the FEDESFI), representatives of credit institutions and the French Banking Federation (FBF), and representatives of trade federations (MERCATEL and FCD). Representatives of public authorities (Ministry of the Economy and Finance and Ministry of the Interior), and representatives of the IEDOM also participate in this group.
The group published a report on its work in March 2009.
The missions of the GPRF were then extended in order to:
The GPRF has designed a cash-related crisis management scheme, which should be applicable in all situations, in order to ensure the coherence and proper interconnection of the various Business Continuity Plans (BCP) and the coordination of the various crisis teams.
In addition to this permanent group, a cash crisis management team (Cellule de Crise de Place pour le Fiduciaire - CCP-F) may moreover be set up on a temporary basis (when a crisis actually occurs), with the objective of:
Updated on: 01/10/2017 11:51