Act 2020 status not recorded
Loi n° 2020-011 sur la loi bancaire (Law 2020-011 on the banking law)
Plain-English summary
Sets the conditions for providing banking services and the supervision of providers. It groups credit institutions into categories, brings e-money and currency exchange providers within its scope, and covers licensing, prudential rules, crisis prevention, resolution and sanctions. Both chambers adopted it on 2 July 2020; the text cites a Constitutional High Court decision of 31 August 2020 but gives no promulgation date.
Who it applies to
Banking · NBFC / Non-bank Lending · Payments & Fintech
Topics
Prudential & Capital Conduct & Consumer Protection AML / CFT / Sanctions
Latest news
-
US sanctions bill targets Russian energy sector under Graham legislation
3 Oct 2026
Proposed United States legislation aims to impose sanctions targeting Russia's energy infrastructure and related financial flows. Named in honor of the late Senator Lindsey Graham, who was a prominent Ukraine aid…
-
RBI extends supervisory directions for Industrial Co-operative Bank Ltd.
3 Oct 2026
The Reserve Bank of India has extended supervisory directions issued to The Industrial Co-operative Bank Ltd., Guwahati under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive…
-
AUSTRAC Examines Western Union AML Controls and Transaction Monitoring
26 Sep 2026
Australia's financial intelligence unit has initiated a formal investigation into Western Union's anti-money laundering framework and compliance infrastructure. The regulatory examination focuses on the company's…
-
RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
-
RBI penalizes gold-loan fintech KLM Axiva Finvest Limited for auction surplus non-payment
26 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹2.70 lakh on KLM Axiva Finvest Limited for regulatory non-compliance discovered during statutory inspection. The company failed to remit surplus amounts to…