ECB's Villeroy says after Brexit Europe should develop attractive financial industry
Reuters
Published Nov 21, 2016 15:55
ECB's Villeroy says after Brexit Europe should develop attractive financial industry
MADRID (Reuters) - European Central Bank policymaker Francois Villeroy said on Monday it was more important after Britain's vote to leave the European Union for the euro area to develop an attractive single financial market.
Bank of France Governor Villeroy also said European institutions should encourage "pan-European banks" once a euro area banking union is complete.
"Once we have our own banking house in order, once we have a banking union and there has been a tremendous progress in the euro area ... it would be very useful to have cross border banks and European banks within the eurozone," he told a conference in Madrid.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.