Conduct of oversight activities
The smooth functioning of market infrastructures and payment systems is essential for the economy: it contributes to financial stability and to user confidence in the currency, as well as enabling the proper implementation of monetary policy.
The Banque de France has a broad remit in the oversight of market infrastructures (systems for the clearing and settlement of financial instruments) and payment systems.
The Banque de France's oversight mission, which is defined by French law and by the Treaty on the Functioning of the European Union, consists in:
- ensuring the smooth operation and security of payment systems
- ensuring the security of financial instrument clearing and settlement systems
The Banque de France oversees the financial market infrastructures under its jurisdiction and participates in the system of cooperative oversight of several European and international infrastructures.
The Banque de France also helps to draw up guidelines and standards applicable to financial market infrastructures.