By Charlotte GAUCHON
20 March 2025
Banking secrecy is not the airtight safe that some people think it is. While this principle protects the confidentiality of customers' financial information, there are many exceptions to it, particularly when it comes to the regulatory authorities. The latter have extensive prerogatives to access bank data as part of their supervisory and control duties. It is essential to understand the conditions and limits of banking secrecy when dealing with these players. Banque de France: at the heart of financial data The Banque de France plays a central role in the collection and management of sensitive financial information. Several of the files it administers involve direct access to data normally protected by banking secrecy, illustrating one of the public authority exceptions to the general principle. Centralised files under close surveillance The Banque de France manages a number of major files that centralise information on payment incidents and the financial situation of...
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