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Presentation of the 2023 Annual Report of the Prudential Supervision and Resolution Authority

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, banking regulation and supervision, payments, digital money and crypto-assets, development and emerging economies

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· François Villeroy de Galhau Wiki · Banque de France WikiPresentation of the 2023 Annual Report of the Prudential Supervision and Resolution Authority

ContextPress conference in Paris presenting the 2023 annual report of the ACPR, the French bank and insurance supervisor; the Banque de France and ACPR keep financial firms sound.

Why it mattersVilleroy says the rate cycle can now reverse and calls for innovation in tokenised money.

Problems raised
  1. Rates rose to fight inflation.
  2. Solidity and competitiveness seem opposed.
  3. National obstacles fragment Europe.
Solutions proposed
  1. Reverse the rate cycle as inflation falls.
  2. Innovate in tokenised deposits and infrastructures.
  3. Fight national obstacles in Europe.
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