Financial services - the European mysterious gap
· François Villeroy de Galhau, Governor of the Banque de France (France)
Summary written by Dark Majestic in its own words · topics: banking regulation and supervision
FV · François Villeroy de Galhau Wiki · Banque de France WikiFinancial services - the European mysterious gapContextSpeech at the Bruegel annual meetings in Brussels; the Banque de France keeps finance stable and asks why Europe lags in financial services.
Why it mattersThe French governor proposes joint EIB venture investment and European market supervision.
Problems raised- Europe makes little progress on financial integration.
- Scale-ups lack financing.
- Supervision is fragmented.
Solutions proposed- Co-invest with the EIB in venture capital.
- Create genuine European market supervision.
- Close the financial services gap.
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