François Villeroy de Galhau: New frontiers in finance

Speech by Mr François Villeroy de Galhau, Governor of the Bank of France, at the Paris Europlace International Financial Forum, Paris, 9 July 2019.

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

Ladies and Gentlemen,

It is a pleasure to be with you today: this Paris - Europlace International Financial Forum is more and more "the place to be", as France and Paris are increasingly stimulating first-movers in Europe. The theme of this Forum - "New Frontiers in Finance" - prompts us to look towards new territories that we have to explore and conquer. Regarding finance, I will focus on two of them: digitalisation and green finance. But before looking at the future, let me stress two prerequisites for the present.

I. Two prerequisites for the present

My first message is to welcome the new European team, nominated in Brussels last week, starting with Christine Lagarde and Ursula von der Leyen. Once again, albeit at the last minute, albeit under the threat of a crisis, Europe has proved itself to be decisive and innovative. Now, it is time to begin the fundamental work on a true financial Eurosystem.