· François Villeroy de Galhau Wiki · Banque de France WikiPrivate markets - three conditions to get the good without the bad or the ugly
Read full speech on bis.org ↗ContextSpeech by the Governor of the Banque de France at the Bloomberg Forum – Future of Finance in Paris.
Why it mattersThe Banque de France Governor on the fast growth of private markets and the liquidity risks for retail investors.
Problems raised
- Private markets are growing fast.
- Fund liquidity risk threatens retail investors.
- Rules must keep up with new products.
Solutions proposed
- Pay close attention to fund liquidity risk.
- Monitor the ELTIF 2.0 rules in practice.
- Keep Paris an attractive financial centre.