François Villeroy de Galhau: Silos, security of systems, speed

Key notes by Mr François Villeroy de Galhau, Governor of the Bank of France, at the Working Group on Cyber Resilience round table, Paris, 14 September 2018.

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

Central bank speech  | 
04 October 2018
by François Villeroy de Galhau
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  |  4 pages

Ladies and Gentlemen,

Cher Benoît, Cher Jean-Paul,

Welcome to Paris,

The guidance released by CPMI-IOSCO two years ago was one of the precursors in the field of cyber risks. Since then, the level of cyber-threats has obviously increased. According to different public reports, the number of cyber-attacks (700 million in 2017) has increased by over 100% in two years.

This is why cyber security will be one of the priorities of the G7's French Presidency next year. I would like to share with you three considerations and put forward three concrete measures so that these principles do not remain at the conceptual level but actually lead to tangible actions.