By Charlotte GAUCHON
23 March 2025
When your bank charges what you consider to be excessive fees or refuses to close your account, do you know who regulates these practices? The banking sector is not a lawless area. In addition to the banker's general responsibility, specific mechanisms govern the behaviour of financial establishments, ensuring a degree of supervision of their banking activities. Here is how the ethical rules specific to the banking sector are monitored in France. Approval of codes of conduct The power of approval of the Minister for the Economy The Minister for the Economy holds a key power: to approve codes of conduct drawn up by professionals in the banking sector. This power derives from the Order of 5 December 2008, supplemented by the Banking and Financial Regulation Act of 22 October 2010. This approval transforms voluntary commitments into legally binding obligations for all the institutions concerned. The approval procedure The procedure follows a precise path:...
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