Extract
[...] What are the authorized bodies to perform banking operations? Authorized Bodies to Perform Banking Operations The authorized bodies to perform banking operations do not have the status of a credit institution or a financing company, but are enabled to perform some of these operations. These entities are emanations of the State. According to the directives CRD, the State and its emanations are excluded from the scope of these texts, as it is considered that the State has an unalterable solvency. [...]
[...] It offers basic banking services, often perceived as minimum services, but it has managed to establish itself as a actor in the banking sector for individuals. However, do not count on the Postal Bank to obtain a credit of several million euros. All subsidiaries created by La Poste, whether they are banking subsidiaries, financing companies or payment service providers, are supervised by the competent authorities. However, La Poste as a public establishment, although it creates and holds these subsidiaries, is not itself subject to this supervision. It is its autonomous entities that are subject to the regulations in force. [...]
[...] A significant part of these funds is dedicated to the financing of social housing, one of the main axes of intervention of the Caisse. The Caisse des Dépôts collaborates closely with Bpifrance, the Public Investment Bank, for to support the state's investment projects in the private sector. She finances, alongside Bpifrance, of growth enterprise projects or promising startups, while ensuring compliance with European legislation on state aid, thus avoiding falling under the prohibition of such aid. She also plays a crucial role in the support to local authorities. [...]
[...] When sums are consigned to the Caisse des dépôts and consignations, it delivers a receipt as proof of the consignment. The Caisse des Dépôts receives these funds only as a mandatary, which implies that the assets it manages do not belong to the State, but are managed on behalf of third parties. This reinforces confidence in the stability of the institution, particularly due to its prudent management and the implicit guarantee of the State. The Caisse des dépôts and consignations is is also a key player in the management of Livrets A. [...]
[...] Although La Poste itself not being authorized to carry out banking operations directly, it can constitute specialized subsidiaries in areas such as banking services, financing companies, investment and payment service provision, as well as investment funds. Historically, La Poste plays a role in the management of popular savings products, particularly through the Livret A and the Post Office savings book. In addition, it has had for a long time the the right to open postal accounts, to which are associated postal checks, allowing customers to make payments. [...]
