Regulation and innovation - the yin and yang of the financial sector
· François Villeroy de Galhau, Governor of the Banque de France (France)
Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk
FV · François Villeroy de Galhau Wiki · Banque de France WikiRegulation and innovation - the yin and yang of the financial sectorContextSpeech at the 2023 Paris Finance Forum; the Banque de France keeps finance stable and balances regulation with innovation.
Why it mattersVilleroy presents the digital euro as a digital banknote.
Problems raised- Innovation and regulation must be balanced.
- Digital payments raise confidentiality issues.
- Paris must remain an attractive financial centre.
Solutions proposed- Support the digital euro as a digital banknote.
- Keep strong regulation alongside innovation.
- Develop the Paris financial centre.
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