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 nonbank financial services companies like funds and crypto, Bank of France Gov. François 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.
Villeroy de Galhau differentiated the moves in the U.S. from the push by Brussels to simplify EU regulations, particularly in the field of environmental disclosures for corporate and financial services companies.
