ContextSpeech at the Eurofi High-level Seminar 2023 in Stockholm; the Banque de France keeps finance stable and draws lessons from the spring 2023 banking turmoil.
Why it mattersVilleroy wants resolution tools extended to smaller banks.
Problems raised
The 2023 banking turmoil exposed weaknesses in bank crisis management.
Smaller banks cannot always be resolved smoothly.
Non-viable banks must exit the market without disorder.
Solutions proposed
Draw lessons from the turmoil for European regulation.
Adopt the revised crisis management and deposit insurance framework.
