Finance › Speeches › François Villeroy de Galhau

Looking up to achieve a Financing Union

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, growth, investment and productivity

FV
· François Villeroy de Galhau Wiki · Banque de France WikiLooking up to achieve a Financing Union

ContextSpeech as chair of the BIS Board on achieving a European Financing Union; the Banque de France keeps finance stable and wants savings to fund European investment.

Why it mattersVilleroy argues that Europe's savings should fund its own companies across borders.

Problems raised
  1. European banking and financial systems are fragmented.
  2. Savings do not fund investment efficiently.
  3. The capital markets union is incomplete.
Solutions proposed
  1. Achieve a financing union.
  2. Complete the banking union.
  3. Advance the capital markets union.
Read full speech on bis.org ↗

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