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Regulatory Bodies for Financial Institutions in French Polynesia

French Polynesia, New Caledonia, and Wallis and Futuna have a central bank that oversees financial institutions and ensures stability in the Pacific region. The Institut d’émission d’outre-mer (IEOM) is the regulatory body responsible for monitoring the financial sector and promoting economic development.

Key Roles

  • Inform public authorities about the current economic situation in French overseas territories
  • Provide research and publications on the state of the economy
  • Offer credit mediation services to assist companies facing financing problems
  • Provide data to banks to help them identify their competitive positioning

Partnerships and Oversight

  • Partner with various public and private entities, including the Comptes Économiques Rapides pour l’Outre-mer (CEROM1) partnership, which aims to improve knowledge of the economies of French overseas departments and territories
  • Oversee payment systems and means of payment, ensuring their proper operation and security

Intermediary Role

  • Act as a liaison between banks and regulatory bodies
  • Manage Treasury accounts
  • Compile balance of payments reports for French Polynesia and New Caledonia
  • Publish surveys on banking fees and the cost of credit

Overindebtedness Support

  • Provide support to households facing debt issues
  • Enable individuals to access public information, such as:
    • Register of personal credit repayment incidents
    • Central cheques register

Central Bank Functions

  • Put Pacific franc banknotes and coins into circulation
  • Certify the authenticity and quality of banknotes and coins
  • Implement a monetary policy aimed at promoting economic development in French overseas territories through discount windows and mandatory reserves

Discount Window Program

  • Assign ratings to companies applying for credit under its discount window program, based on their financial capacity to meet their commitments

Values and Mission

  • Guided by values of independence, openness, and cohesion
  • Work towards serving the general interest