· François Villeroy de Galhau Wiki · Banque de France WikiCentral bank digital currency (CBDC) and bank intermediation in the digital age
Read full speech on bis.org ↗ContextSpeech at the 2022 Paris Europlace International Finance Forum; the Banque de France keeps finance stable and studies digital money and bank lending.
Why it mattersVilleroy wants a digital euro that complements banks.
Problems raised
- The war raises uncertainty.
- Banks must remain robust.
- Europe needs strategic autonomy.
Solutions proposed
- Develop a CBDC complementing banks.
- Keep bank intermediation robust.
- Promote European autonomy in payments.