French banking head discusses impact of radical regulatory change
Christian Noyer, governor of the Bank of France and chairman of the French Banking Commission, has said that the country’s banks are dealing with a rapidly changing regulatory environment and that supervisors must become more flexible and watchful as a result.
Speaking at the presentation of the 2006 Annual Report of the French Banking Commission last week, Noyer said: “French banks are currently in the final strait as regards the implementation of the new regulation. As the banking supervisor, our role is to support them during this transitional period and to ensure together that the reforms are carried out properly.”
Noyer also said that French banks
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