· François Villeroy de Galhau Wiki · Banque de France WikiTen years of Single Supervisory Mechanism (SSM) - great achievements, and new journeys to complete
Read full speech on bis.org ↗ContextSpeech marking ten years of the ECB's single bank supervision; the Banque de France and its supervisor ACPR keep banks sound and want to complete the banking union.
Why it mattersThe governor reviews a decade of common bank supervision and what remains unfinished.
Problems raised
- European supervision needs completion.
- Banking union is unfinished.
- New journeys lie ahead.
Solutions proposed
- Celebrate the SSM's achievements.
- Complete the banking union.
- Keep improving supervision.