Author(s): Denis Beau
Date published: Nov 2019
SUERF Policy Note , Issue No 113
by Denis Beau, Banque de France
Reforms and regulatory changes have been implemented to strengthen the financial system and make it safer. This speech proposes an appraisal of the progress made and discuss the way forward that can also deal with new challenging risks. The conclusion is that we should not just assume that the significant strengthening of the financial system over the past decade is enough. It is vital that we remain vigilant, to face up to the risks threatening to undermine our financial stability. This means rigorous supervision, and the adoption of a multilateral and coordinated approach in order to implement and complete the reforms to our financial regulation. Safeguarding financial stability, to make the financial system more secure over the long term, is a global challenge and one that requires a global response.
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