Agence France Trésor

The Agence France Trésor ( AFT ; literally translated Agency Treasury France ) is an institution of the French state with the task of administering the state's funds and debts. The AFT was established by decree of February 8, 2001 and is affiliated to the Direction générale du Trésor , a division of the Ministère de l'Économie, des Finances et de l'Industrie français (French Ministry of Economics, Finance and Industry).

tasks

When running the state treasury , Agence France Trésor performs the three usual functions of a cash register: It makes a daily forecast of incoming and outgoing payments as precise as possible, invests any surpluses at the best possible conditions and borrows the funds required at the lowest possible interest.

organization

The authority is led by the Director General (since 2009 Philippe Mills); its president, Jacques de Larosière , is the directeur général du trésor et de la politique économique . The AFT management is advised by a strategy committee. In 2009 this consisted of ten qualified people and met at least twice a year. It advises the AFT on its long-term emissions policy . In addition to the General Director, the following people are members of the Strategy Committee:

• Peter R. Fisher: Manager at BlackRock ; former undersecretary of the United States Treasury
• Jean-Louis Fort: Former Secretary General of the Commission bancaire
• Francesco Giavazzi: Professor of Economics at the Bocconi University of Milan
• Jean-Pierre Halbron: Former Deputy Managing Director of Alcatel
• Emmanuel Hau: Board member of the Compagnie Financière Edmond de Rothschild
• Assad J. Jabre: Member of the Board of Directors of Ecobank Transnational Incorporated
• René Karsenti: Exécutif President of the International Capital Market Association
• Ng Kok Song: General Manager of the Government of Singapore Investment Corp. ( State Fund of the State of Singapore )
• Bertrand de Mazières: CFO of the European Investment Bank of Luxembourg

partner

The Spécialiste en valeurs du Trésor (SVT) is a partner of Agence France Trésor in all market activities. He advises and supports the AFT with regard to its government bond issuance policy and debt management. The Association des Marchés de Taux en Euro (AMTE) advises the Agence France Trésor on all European issues. The AFT also works closely with the Banque de France .

Web links

• Official website

See also

• German finance agency

Individual evidence

1. ↑ Arrêté du 8 février 2001 modifiant l'arrêté du 2 November 1998 portant organization de l'administration centrale de la direction du Trésor on Légifrance .
2. ↑ ^{a b} Rapport public annuel de la Cour des comptes, 2009, La gestion de la Trésorerie de l'État pp 55-81 ( Memento of March 4, 2016 in the Internet Archive )
3. ^ The AFT Strategy Committee , accessed January 10, 2012
4. ↑ The Commission bancaire was introduced by the Loi bancaire in 1984. According to the Loi de modernization de l'économie (art. 152) of 2008, the Commission bancaire was merged with the Autorité de contrôle des assurances et des mutuelles , the CECEI and the Comité des entreprises d'assurances . This is how the Autorité de contrôle prudentiel came into being in January 2010 .
5. ↑ The partners of AFT - SVT
6. ↑ The partners of AFT - AMTE ( Memento of the original from May 13, 2012 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice.