ContextPress conference in Paris presenting the 2022 annual report of the ACPR, the French bank and insurance supervisor; the Banque de France and ACPR keep financial firms sound.
Why it mattersVilleroy flags opacity in single-name credit default swap markets.
Problems raised
2022 brought major challenges for banks and insurers.
Market segments like single-issuer CDS lack transparency.
Systemic risks can arise from opaque markets.
Solutions proposed
Build on the soundness of the French financial sector.
Reinforce regulation and supervision.
Improve understanding of transactions and participants in CDS markets.
