The Trump administration’s push for financial and environmental deregulation is “dangerous,” the head of France’s central bank said.
“The current wave of U.S. deregulation is dangerous,” both for banks and non-bank financial services companies like funds and crypto, Bank of France Governor Francois Villeroy de Galhau told French financial magazine Alternatives Économiques in an interview published Saturday.
This creates a “big risk” for financial stability, said Villeroy de Galhau, who also sits on the European Central Bank’s Governing Council.