Home French banking sector Overview "Finance is a weapon of mass construction! "  


05 july 2016

"Finance is a weapon of mass construction! "

Marie-Anne Barbat-Layani took part in the Rencontres d'Aix in July 2016 at session 10 on the role of finance: Weapon of mass destruction or military arm of the States? As CEO of the FBF, she spoke specifically about French and European banks.


Marie-Anne Barbat-Layani, chief executive officer of the FBF, raises a question asked by the think tank Bruegel: Corporate and Investment banks (CIB) are present in the United States. Are they important in Europe?

The answer is yes ! Marie-Anne Barbat-Layani emphasizes the usefulness of the CIB by illustrating with three examples: CIBs provide essential protection for hedging against exchange rate risk. This is the case for Airbus, a European industrial champion. CIBs accompany business development projects such as the initial public offering (IPO) for Showroomprive, a new economy SME.

With regards to infrastructure, CIBs are essential for project financing as shown in the Ile-de-France region with the issuance of green bonds.

Finance is a key industry for the French government. CIBs are not the military wing of the States, but key players. They have a key role in the financing of public debt: they are among the main resident holders of French public debt. At the end of 2015, French CIBs held 9% of the French State's debt. Europe has an essential raw material: savings. Banks account for 80% of lending. 67% of French have a good image of banks and 78% of their bank, which is encouraging.

Brexit is an important historic event and Paris will win! Banks are an asset to achieve this: four of the worlds twenty largest banks are French. Great ambition is required for finance in France.

Finance is a weapon of massive construction.

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