https://legal.excellentwiki.com/france/banking-law/ Recent content in banking law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/france/banking-law/french-banking-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/france/banking-law/french-banking-law/ <h2 id="the-monetary-and-financial-code">The Monetary and Financial Code</h2> <p>French banking law is codified in the Monetary and Financial Code (Code monétaire et financier, CMF), which consolidates the legislative and regulatory provisions governing the banking and financial sector. The CMF is organised into several parts covering the monetary framework, financial products and services, financial markets, and supervisory authorities. The Code reflects the French civil law tradition of codification and is regularly amended to transpose European Union directives and to respond to developments in financial markets and supervision. The CMF defines the legal status of credit institutions (établissements de crédit), which include banks, mutual and cooperative banks, savings banks, municipal credit banks, and finance companies. The CMF also distinguishes between banking operations (opérations de banque), which are reserved to credit institutions, and payment services, which may be provided by regulated non-bank entities.</p>