EU Banks Face Tougher Supervision Than Many in US, Villeroy Says
- EU banks are all subject to stringent Basel requirements
- French, EU banks benefit from rising interest rates: Villeroy
Francois Villeroy de Galhau
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
European banks are subject to stronger supervision than many US peers and have proved robust and stable during market turmoil, Bank of France Governor Francois Villeroy de Galhau said.
Speaking at Bloomberg’s Future of Finance forum in Paris, the central banker said European lenders also benefit from more diversified business models that perform well when interest rates rise.