French banks’ pain may worsen, says CGAThompson:
France's financial stability council is looking at whether banks should set aside more capital because credit growth may be too high, Bank of France Governor Francois Villeroy de Galhau told French radio show BFM Business on March 8.
The council, which includes Villeroy, imposed a so-called counter-cyclical buffer of 0.25 percent on banks' risk-weighted assets last June. "We already used once the countercyclical buffer in June last year, we are looking seriously whether it shouldn't be raised," Villeroy said.
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