- 26 November 2019
- Posted by: admincryptovalues
- Category: Central Banks, ECB - Lagarde
What Policy framework to help building innovation and growth into Europe’s Capital Market?
Denis Beau, First Deputy Governor of the French Central Bank, gave a speech at the AFME conference of Paris.
Some parts of the speech:
“we have to identify clearly the challenges raised by innovation and be ready to adapt our policy framework if we want that innovation goes with sustainable, inclusive and resilient growth of the European financial market”
“On the contrary, to continue delivering well on their financial stability mandate, through their three classical roles, namely as catalyst, supervisor and service provider, they should aim first at promoting the necessary regulatory adjustments so that the ultimate goal of financial stability is well preserved. In other words, we should contribute to providing the market with a sound, adapted and updated regulatory framework, which is, in my opinion, needed to support innovation, and even to foster it.”
“The tokenisation of financial assets combined with the recourse to blockchain-based solutions and more broadly Distributed Ledger Technologies to store and transfer those assets could help answering market’s demands. “
Source: Banque De France