Banque de France (BdF)
France could lose 7% of GDP from climate-linked event – BdF deputy
Bénassy-Quéré says even ‘the most ardent’ sceptics will have to accept reality of global warming
Tariffs will not solve US ‘twin deficits’, BdF governor says
Villeroy de Galhau wants to maintain spirit of transatlantic co-operation despite disagreements
BdF transfers reg files using ‘post-quantum’ cryptography
France’s central bank is latest to prepare for ‘harvest now, decrypt later’ cyber attacks
Central banks must focus on comms – Bank of Finland panel
Institutions need to concentrate on anchoring inflation expectations, governors say
France’s fiscal ills may require ‘targeted taxes’ – BdF head
Villeroy de Galhau warns citizens there is no ‘magic tax’ that only others will pay
Non-dollar stablecoins could spur greenback’s decline – BdF deputy
Central banks should embrace, not oppose, financial innovation, Bénassy-Quéré argues
People: ECB creates task force to simplify regulation
Plus: Kocher takes over as head of Austria’s central bank
The cost of inaction on wholesale CBDCs
A gap exists between demand in capital markets and most central banks’ research priorities as evolving risks accrue
Central banks explore migration to quantum-proof financial system
BIS partners with monetary authorities in initiative aimed at protecting data and transactions
Negative interest rates are last resort – BdF governor
Villeroy de Galhau outlines “order of operations” for deploying monetary policy tools
Tokenised MMF market ‘small’ but could create contagion – BdF
French central bank calls for international co-operation to regulate new assets
Climate risk could affect both financial and price stability – BdF’s Dees
Head of French central bank’s climate economics unit says monitoring climate risks is vital for fulfilling primary mandate
Banque de France governor declares victory over inflation
Villeroy de Galhau says France has to “spend better” to reduce debt
Book notes: The political economy of central banking, by Alessandro Roselli
Roselli’s book offers a comprehensive history of the relationship between governments and central banks
Climate stress tests should involve industry – BdF official
Bottom-up approach enables banks and insurers to capture environmental risks, says Laurent Clerc
French expertise is essential to Lebanon recovery – BdL governor
Central bank head meets Villeroy de Galhau in Paris as part of efforts to tackle economic crisis at home
Stress tests stronger in EU than in US – BdF research
Lenders remain well capitalised in both regions but European banks are more resilient, study finds
BIS, ECB, BoE develop synchronised cross-border FX transactions
BIS says Project Meridian FX reduces liquidity, credit and settlement risk
US on ‘wrong path’ with deregulation – Villeroy de Galhau
BdF governor calls for two-year delay to FRTB, “given uncertainty”
EU policy-makers lash out at Trump’s trade policy
Central banks say tariffs will create “many losers” in both Europe and the US
Effects of ‘Mar-a-Lago accord’ are ‘highly speculative’ – BdF deputy
Agnès Bénassy-Quéré casts doubt on proposed collaboration to deliberately devalue dollar