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France is a Latin country of written law. The development of the banking system is traditionally determined by the laws that govern the supervision of banks, i.e. the bank-state relationship.
This characteristic in turn induces frequent exchanges between the managers of the banks and those of the State. Bank-economy relations are also essentially based on written commercial law. The result, on the part of the banks, is an attitude and a functioning that is more legal and administrative than economic and financial. The law therefore has a preponderant place within the banks.
Law firm of Maître Grégory DAMY , lawyer at the bar of Nice. Banking law – 2022