The British people have made the democratic choice to leave the European Union. French banks take note of their decision.
For the first time, a joint delegation of the French Banking Federation (FBF) and the Association of German Banks (Bundesverband deutscher Banken) met today with French Minister of Finance and Public Accounts Michel Sapin.
French banks praise the initiative of local governments to promote the Paris Financial Marketplace
The ECB has just released the results of its survey on '”Access to finance for SMEs in the euro area. " The survey concludes that " SMEs say that access to funding has improved further" in the euro area for the period of October 2015 to March 2016.
At the meeting of the Paris Financial Marketplace 2020 Committee on 30 May 2016, the French Banking Federation once again emphasised the need to enhance the attractiveness of the Paris Financial Marketplace and to ensure that the conditions are in place to allow business financing channels to function correctly.
Since 2008, the banking industry has experienced an unprecedented surge in regulation to ensure its stability. Now the priority is to reconcile stronger prudential requirements with financing the economy successfully. With this in mind, the French Banking Federation sets out its six priorities and shares its recommendations.
Memos-Banque-01-EN.pdf [813 ko]
FBF welcomes the Capital Markets Union (CMU) initiative and the new priority to growth and employment. A proper financing of the economy is key to achieve these objectives. As a reminder, financing the economy, especially SME's is the number one strategic priority of French banks.
FBF_plaquette_UMC_15072015_EN.pdf [1371 ko]