Bankers and then insurers have a meeting at Bercy over the next two weeks, according to the economic daily Les Echos. On the menu: efforts demanded by the minister on bank rates, mortgage rates or insurance rates, in the face of purchasing power eroded by galloping inflation in 2022.
After the call of the foot, here is the request supported. At the end of August, the Minister of Economy and Finance Bruno Le Maire congratulated TotalEnergies in The echoes for the fuel discount and invited financial institutions to do the same: Banks must make similar commitments on bank charges, as insurers on car and home insurance premiums. This time, it seems to be more than just an invitation…
Tuesday, September 13, banks. Monday, September 19, insurance companies. Here according to the information of Echoes the agenda for negotiations between major financial institutions and Bercy. More precisely: it is Bruno Le Maire who convenes banking and insurance groups, in a tense context due to rising prices and declining purchasing power.
As for the banks, the efforts made towards vulnerable customers do not seem sufficient from the Minister’s point of view. The negotiation will therefore once again focus on bank rates. But the demand is bad. The daily quotes a banking executive recalling that banking groups have businesses to run: It’s complicated to freeze or even lower prices in this context.
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The exchange between Bercy’s services and the major banks on Tuesday will also necessarily focus on a seized mortgage market. Bercy would like the banks to slow down the rise in borrowing rates. A negotiation which will also necessarily extend to the relaxation of usury rates (maximum threshold at which banks can lend), insistently demanded by credit brokers and more recently by notaries.
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As for the tariffs of the insurers, the companies convene Bercy will begin by putting in the balance the proposals made by the profession. Among which the abolition of the green card, or a check of 100 euros for young people under 25 looking for work who take out a car contractlift The echoes. Insurers are also proposing the strengthening of recycling channels for car spare parts: the use of used parts could help lower repair costs. And by extension the prices. Beyond car insurance alone, insurers will remind them of the costs caused by exceptional weather events in 2022. Negotiations promise to be difficult.