French first deputy defends real estate picture

anne-le-lorier
Anne Le Lorier

French authorities "must address" the data gaps in commercial property in the country, if they are to effectively supervise the sector, according to the first deputy governor of the Banque de France, Anne Le Lorier.

Speaking at a conference on macro-prudential policy in Stockholm – hosted jointly by Sveriges Riksbank and the IMF – Le Lorier delivered a combative presentation, insisting the real estate markets in France were a "case for non-action".

Nonetheless, she conceded the authorities have

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