· François Villeroy de Galhau Wiki · Banque de France WikiBuilding together a future-proof banking and payment sector in Europe
Read full speech on bis.org ↗ContextSpeech at the Global Official Institutions Conference; the Banque de France keeps finance stable and wants a resilient European banking and payment sector.
Why it mattersVilleroy argues that strong rules kept European banks safe from the spring turmoil.
Problems raised
- Banking turmoil hit the US and Switzerland.
- Europe must remain safe from such crises.
- Payments are becoming digital and dominated by private players.
Solutions proposed
- Build on strong European regulation and supervision.
- Complete the banking union.
- Prepare a digital euro issued by the central bank.