Late on Friday night, the European Central Bank will publish the latest round of stress test results gauging the health of Europe’s banks. Much of the focus has been on Italy, but what about neighboring France?
Shortly before the results were published, the governor of France’s central bank said he isn’t worried that the Italian banking crisis could spill over into his country.
“The French banking system is extremely sound,” said François Villeroy de Galhau, in an exclusive interview with business weekly WirtschaftsWoche, a sister publication of Handelsblatt.
Mr. Villeroy de Galhau was appointed head of the Banque de France in September 2015. He is descended from the family that co-owns the Villeroy & Boch ceramics company, located for two centuries across the French border in the Saarland region of Germany.