French postal bank project delayed
The French post office, La Poste, now intends to apply before the end of the month to the French regulator of credit establishments and investment firms, CECEI, for permission to operate a postal bank. Initially, the application was to have been made by the middle of the month. On the other hand, La Poste has speeded up the process by deciding that it is not legally obliged to wait until the relevant decree appears in the French government gazette, ‘Journal Officiel’, before seeking the CECEI’s approval.
