Banque de France Consolidates Operations on Single Trema Platform
Banque de France is now live with Trema’s central banking solution; replacing its legacy systems with a single platform to support its FX operations, reserve management, domestic portfolio management, as well its monetary policy operations. The bank is the first of Trema’s central banking customers to use the solution for both reserve management and monetary policy. The bank’s use of Trema’s latest Central Banking Accounting Module (CBAM II), also used by Central Bank of Finland (Suomen Pankki), means that it is also one of the first two central banks within the European System of Central Banks (ESCB) to fully bring itself in line with revised Eurosystem accounting standards drawn up by the Governing Council of the ECB. National Central Banks of the Eurosystem as well as the ECB have to comply with these revised standards from 1st January 2007 at the latest.