France’s Redouin favours central banks’ new dual role
Jean-Paul Redouin, the first deputy governor of the Banque de France, on 3 September said central banks' dual responsibilities for both monetary and financial stability would enhance their ability to regulate financial markets.
"The need to develop stronger macroprudential policies has resulted in new assignments...having both monetary policy and financial stability responsibilities under the same roof has proved rather useful," Redouin said, adding that in the light of recent experiences
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