Bank of France warns banks on telecoms exposure

The Bank of France warned French banks about their exposure to Europe's heavily-indebted telecoms companies on Tuesday, adding its voice to a chorus of concerned regulators and central bankers.

The Bank of France said in its monthly bulletin for December that it and its affiliated banking watchdog had begun studying French banks' exposure to the telecoms sector, and told banks to keep their telecoms weighting in check.

"The Bank of France and the Banking Commission are following this sector wit