Noyer Sees ‘Absolutely No Reason’ to Use Bank Backstop
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Bank of France Governor Christian Noyer said he sees “absolutely no reason” to activate a support system for the nation’s banks that was set up during the financial crisis in 2008.
“A backstop facility created in 2008 still exists,” Noyer said in an interview with Bloomberg Television yesterday in Washington. “I see absolutely no reason it should be used.”