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For a high speed and safe journey into the financial future

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

Summary written by Dark Majestic in its own words · topics: development and emerging economies, growth, investment and productivity

FV
· François Villeroy de Galhau Wiki · Banque de France WikiFor a high speed and safe journey into the financial future

ContextOpening speech at the Banque de France high-level conference in Paris on speed and innovation in market infrastructures; the central bank keeps finance stable and oversees faster settlement.

Why it mattersThe French governor proposes a European shared ledger for faster, safe settlement.

Problems raised
  1. Speed and innovation can disrupt markets.
  2. Market infrastructures must keep up.
  3. A global shared infrastructure is far off.
Solutions proposed
  1. Build regional shared ledgers, including a European one.
  2. Combine speed with safety.
  3. Foster innovation in market infrastructures.
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