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The competitiveness of the banking sector - a few insights into a major challenge for France and Europe

· 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, climate, energy and nature, trade, fragmentation and geopolitics, growth, investment and productivity

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· François Villeroy de Galhau Wiki · Banque de France WikiThe competitiveness of the banking sector - a few insights into a major challenge for France and Europe

ContextOpening speech by the Governor of the Banque de France at the 2025 ACPR Conference in Paris, for the French supervisor's 15th anniversary.

Why it mattersThe Banque de France Governor on why European banks lose ground and how payments like Wero fit in.

Problems raised
  1. European banks lack competitiveness.
  2. Complex rules and market fragmentation hold them back.
  3. Europe lacks a strategic vision for finance.
Solutions proposed
  1. Support European payment solutions like Wero.
  2. Strengthen investment banking to finance AI, energy and defence.
  3. Remove regulatory and fragmentation obstacles.
Read full speech on bis.org ↗

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