25 plus the remuneration paid to the banks

In the spring of 2008, determine the level of the commission had already led to long and laborious discussions. The Court of Auditors, that looked for its next annual report on the reform of the Livret A, will put the subject on the table. According to our information, the Rue Cambon will indeed advocate of bringing the wages paid to the banks for the collection of the booklet and booklet of sustainable development (LDD) 0.5. Either the same level as for the popular savings booklet (Sara), reserved for households who pay little or no taxes.

The commission does probably not many savers. Yet, it is essential in the mechanics of distribution of the savings product preferred the French and, therefore, in the circuit of financing of social housing. Indeed, most of the funds collected on the Livret A and the LDD do not remain in the balance sheet of banks. They are centralized in the Caisse des Dépôts et Consignations (CDC) in the section of the "savings fund." Until 2011, saving funds thus retain 160 billion euros in outstanding, to finance the social landlords on long-lasting and competitive loans, since their interests are equivalent to the remuneration of the investor (now 1.25) plus the remuneration paid to the banks.

"The bankers will be infuriated."

After debates in the spring of 2008, accordingly pay banks for the collection of the booklet and the LDD was set at 0.6. It is a middle ground between the proposals of the Camdessus report, which suggested that to impose a 0.4 commission, and requests for the bankers, who initially claimed 0.8. Today, decrease by 10 basis points this commission to back to 0.5 represent banks profits of 160 million euros. "The bankers are going to be furious, prognostic close to the record. But they will have a beautiful game to say that it may not change fixed rules barely more than a year ago.

He will return to Bercy to decide this delicate matter - with a commissioning too high, the public authorities concerned trump the cost of financing of housing organizations, with a commissioning too low, they take the risk to discourage banks sell livret A (at the time where undertakes a funds), reducing at the same time the volume of the resource... "The more likely it is that Treasury proposes to remove this objective of 0.5 to a more distant deadline, in four or five years, indicates a close to the record. So should be historical bankers of the booklet to adapt to the decline of their commission.

The three networks historical distributors, La Banque Postale, Caisses d'Epargne and Crédit Mutuel, will have the same pay as other banks in the term for the collection of centralized stock. It was 1.12 on average before the reform. But, to not upset the economic balance, the Government has spared them a transitional phase: five years for the Postal Bank, three years for Caisses d'Epargne and Crédit Mutuel. During this period, these facilities have a supplement of compensation to other banks, supplement which will gradually decrease to finally be aligned with the system of common law.