CECEI to examine plans for French postal bank

The French committee of credit institutions and investment companies (CECEI) is to examine the request for approval for the future French postal bank, Banque Postale, for the first time on November 10. The postal regulation law passed on May 20 allows La Poste, the French postal service operator, to set up a banking subsidiary by 1 January 2006 at the latest. The members of the CECEI received an invitation yesterday regarding an extraordinary meeting. No details of the agenda have been given, but plans to create a postal bank are to be examined.”