One week after the French government launched state sponsored financing measures, a report from the trenches.

Since the publication of the Emergency Law of 23 March 2020, the French government and other key regulators have produced a significant volume of hard and soft laws aiming at enhancing liquidity access and preventing financial defaults for French businesses. One week later, companies and banks have familiarized themselves with this new regulatory framework and its practical implications, with the French treasury department, Direction General du Tresor (DGT), endeavoring to address ambiguities and issues through ongoing communications to the public.