Banque de France governor François Villeroy de Galhau advised business bankers on June 22 that the digital euro could have one thing for all stakeholders. Stated On the World Public Establishments Convention hosted by French multinational financial institution BNP Paribas (OTC:).
Earlier than mentioning the Euro Central Financial institution Digital Forex (CBDC), Villeroy de Galhau started by explaining why the banking disaster earlier this yr didn’t have an effect on the eurozone. He credited European regulation and supervision with holding the banking system protected. However he mentioned UBS’s takeover of Credit score Suisse “raised new questions” a couple of definitive disaster decision. “The framework for the ECB to offer ‘Eurosystem decision liquidity’ has not but been put in place,” he mentioned.
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