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The Credit Mediation Scheme: 10 years of service to businesses and the economy
[La Médiation du crédit : 10 ans au service des entreprises et de l’économie]

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  • Louis-Marie HARPEDANNE DE BELLEVILLE

Abstract

The Credit Mediation Scheme for Businesses was set up in October 2008 at the height of the financial crisis. It was introduced in response to shocks in bank credit supply, as the concentration of requests over time (2008-09) and by sector shows. Since its creation, 23,500 mediation cases have been resolved. Successful mediation halves the business failure rate at one year: part of this decline can be attributed in the short term to the Credit Mediation Scheme, which also has a long-term positive effect on credit allocation. Today, the scheme continues to provide support to businesses and is even rolling out its activities to new sectors. La Médiation du crédit aux entreprises a été mise en place en octobre 2008, au coeur de la crise financière. Elle répond à des chocs d’offre de crédit bancaire comme en témoigne la concentration temporelle (2008-2009) et sectorielle des saisines. Depuis sa création, 23 500 médiations ont abouti. Le succès d’une médiation divise par deux le taux de défaillance à un an : si une partie de cette baisse est attribuable à court terme à la Médiation, celle-ci a également un effet favorable à long terme sur l’allocation des crédits. Aujourd’hui, la Médiation continue d’apporter son appui aux entreprises et étend même son action à de nouveaux secteurs d’activité.

Suggested Citation

  • Louis-Marie HARPEDANNE DE BELLEVILLE, 2019. "The Credit Mediation Scheme: 10 years of service to businesses and the economy [La Médiation du crédit : 10 ans au service des entreprises et de l’économie]," Bulletin de la Banque de France, Banque de France, issue 225.
    • Handle: RePEc:bfr:bullbf:2019:225:04
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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