François Villeroy de Galhau: Capitalizing on the new G20 regulatory steps

Introductory remarks by Mr François Villeroy de Galhau, Governor of the Bank of France, at the Paris Europlace International Financial Forum, Paris, 12 July 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
25 July 2017

Ladies and Gentlemen,

It is a pleasure to be with you today to introduce this roundtable, which could not be more topical, just a few days after the leaders of the G20 met in Hamburg. From London in 2009 to Hamburg last week, there is only 450 miles as the crow flies; but there has been considerable progress in terms of financial regulation. Thanks to international cooperation between the 20 major economies, the resilience of the global financial system has significantly improved in eight years, without impeding the financing of the economy or global economic growth. We can all be proud of these achievements, but there is no room for complacency today. Let me elaborate on what I see as the three priorities for further work, and the two requirements to consolidate what we have achieved so far.