The main interests of Banque de France in this multilateral MoU are the following :, Les principaux intérêts de la Banque de France dans ce Protocole multilatéral sont les suivants
to ensure that following the outsourcing to ESA of technical services currently exercised by Euroclear France, in respect of the operation of its SSSs, the Euroclear Group will maintain, at all times an adequate level of technical, human and financial resources, in order to ensure the smooth functioning of the Euroclear France SSSs., ― de s'assurer que, suite à l'externalisation à ESA des services techniques actuellement assurés par Euroclear France, le Groupe Euroclear maintiendra à tout instant, pour ce qui concerne l'exploitation de ses systèmes de règlement-livraison de titres, un niveau de ressources techniques, humaines et financières, adaptées et permettant de garantir le bon fonctionnement des systèmes de règlement-livraison de titres d'Euroclear France
has a statutory objective, by virtue of the Banking Act 2009, to contribute to protecting and enhancing the stability of the financial system of the United Kingdom. Under the Act, the Bank carries out oversight of certain recognised payment systems as part of its responsibility for ensuring overall financial stability and mitigating systemic risks. As such it is responsible for the oversight of certain payment mechanisms embedded in settlement systems, including those operated by Euroclear UK & Ireland. The Bank carries out its oversight with reference to its Principles which are based on the CPSS Core Principles for Systemically Important Payment Systems. The BoE also has a Service Level Agreement with Euroclear UK & Ireland that specifies the two institutions' respective responsibilities in terms of the delivery of a real-time settlement environment for the settlement of securities in the UK
