(Ticker) – “Nothing today seems to justify a general restriction on dividend payments like what was temporarily done in 2020″. Francois Villeroy de Galhau, head of the French financial regulator (ACPR) and president of the French central bank (Banque de France), said at a conference organized by the ACPR.
“However, it is necessary caution regarding the prospects of capital, and in particular i buybacks of treasury shares which remain subject to the supervisor’s express permission,” Villeroy added, as reported by Bloomberg.
With respect to the unregulated entities that provide services similar to those of banks, the governor said, “The time has come time for us to move forward in strengthening our regulatory framework of non-banking financial institutions, in all its dimensions, be they micro or macroprudential”.