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Financial regulation - a French perspective

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, financial stability

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· François Villeroy de Galhau Wiki · Banque de France WikiFinancial regulation - a French perspective

ContextSpeech at the Financial System Conference in Dublin; the Banque de France keeps finance stable and shares a French view of financial regulation.

Why it mattersVilleroy warns about stress spreading from commodity markets.

Problems raised
  1. Financial stability returns to the front stage.
  2. Commodity market stress could spill over.
  3. Inflation may become entrenched.
Solutions proposed
  1. Test past reforms.
  2. Watch new pockets of stress.
  3. Normalise monetary policy.
Read full speech on bis.org ↗

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