Overview
- The decree published in the Journal officiel on December 27 moves the start of mandatory interbank automation from January 2026 to July 2027.
- Since 2013 banks have had to verify with the administration before opening a Livret A, and a 2021 decree had scheduled extending this automatic verification to other regulated products.
- Bercy attributes the postponement to operational optimization and the complex development needed for the interbank control system.
- The French Banking Federation says banks cannot share client data with each other and must query the tax administration via an interface that is not yet available for the broader product set.
- Holding multiple Livret A, LDDS or LEP accounts remains illegal, with penalties ranging from at least €75 up to all interest earned, and checks continue manually or a posteriori until automation is in place.