Reporting obligations and information transmission
Banking activities are subject to reporting obligations and involve the collection of various types of data for statistical, prudential and financial stability purposes.
The applicable regulations for activities in the French overseas departments and collectivities (DCOM) of the eurozone are national and/or European. However, they include specific provisions for overseas territories, as set out in Book VII of the French Monetary and Financial Code regarding the overseas regime. The Institute may also establish specific obligations as required.
In the overseas territories, this data contributes to an understanding of the state of the economy and financial system. It is used by IEDOM for analytical purposes and for disseminating information on the banking and monetary situation within its area of responsibility. IEDOM also acts as a liaison for the ACPR in supervising banking institutions in the DCOM of the eurozone.
In the collectivities of Saint Barthélemy, Saint Martin and Saint Pierre and Miquelon, banks are required to report on accounts, safe deposit boxes and regulated savings products held with them, in order to contribute to the Overseas Accounts File (Fichier des comptes d’outre-mer — FICOM), for which IEDOM is responsible.
Submitting data and information to the Banque de France or the ACPR
You can find all reporting requirements on the Banque de France wensite :
Thel OneGate portal allows you to submit statistical, prudential or regulatory data.
IEDOM’s role in national and European data collections
IEDOM is responsible for collecting RUBA data for the overseas territories. For credit institutions operating in overseas departments and collectivities (DCOMs) that use the euro, the Institute gathers regulatory information under the unified reporting framework for French banks, known as RUBA (Reporting Unifié des Banques et Assimilés).
As part of the ANACREDIT data collection, IEDOM receives granular data on loans granted and associated risks from the Central Risk Department (Service central des risques — SCR) at the Banque de France.
The Institute also receives data from the M_CONTRAN quarterly survey on credit production concerning institutions within its intervention zone.
The FICOM - Overseas Territories Account Register
Credit institutions established in Saint Barthélemy, Saint Martin and Saint Pierre and Miquelon are required to submit information to IEDOM regarding accounts opened in these territories. IEDOM compiles this data in the Overseas Territories Account Register (fichier des comptes d’outre-mer — FICOM).
Article R. 721-11 of the French Monetary and Financial Code defines the relevant procedures :
« In Saint-Barthélemy, Saint Martin and Saint-Pierre-et-Miquelon, credit institutions must declare the opening, closing or modification of accounts on which cheques may be drawn; the opening and closing of regulated savings products referred to in Articles R. 221-120 and R. 741-6; and the rental of safe deposit boxes.
These declarations must be submitted electronically no later than seven working days after the account’s opening, closing or modification. The declarations must include the information specified in Articles D. 721-6 and D. 721-7.»
FICOM contact details (for credit institutions only) : FICOM@iedom-ieom.fr
Other data collected by IEDOM
The Observatory of Bank Charges
IEDOM produces an annual Observatory report on bank charges in the eurozone’s overseas departments and territories (DCOM), comparing banking fees in overseas territories with those in mainland France. The Observatory also conducts biannual surveys based on public pricing documents from all banking institutions with branches in the overseas territories.
See also : The Observatory of Bank Charges in the Eurozone Overseas Territories
