The Governor of the Bank of France (
French: ''Gouverneur de la Banque de France'') is the most senior officer of the
Bank of France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the F ...
. The position is currently held by
François Villeroy de Galhau
François Villeroy de Galhau (born 24 February 1959) is a French civil servant and banker serving as Governor of the Bank of France and ''ex officio'' President of the French Prudential Supervision and Resolution Authority since 2015.
Early lif ...
, who took office on 1 November 2015.
Duties and responsibilities
Assisted by two Deputy Governors and independent with regard to political authorities, the Governor administers the
Banque de France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the F ...
in pursuit of its three core missions: monetary strategy, financial stability and services to the economy.
He chairs the General Council, which deliberates on issues concerning the management of activities outside the purview of the
Eurosystem
The Eurosystem is the monetary authority of the eurozone, the collective of European Union member states that have adopted the euro as their sole official currency. The European Central Bank (ECB) has, under Article 16 of its Statute, .
He also sits on the Governing Council of the
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...
, which is responsible for setting Eurosystem monetary policy.
Associated positions
The duties of the Governor of the
Banque de France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the F ...
include fulfilling several mandates laid down in the Monetary and Financial Code, including:
* Member of the Governing Council of the
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...
* Chair of the Prudential Supervision and Resolution Authority
* Member of the High Council for Financial Stability
* Chairman of the Observatory for the Security of Payment Means
* Member of the Board of Directors of the Bank for International Settlements
* Member of the National Financial Education Committee.
Appointment
Since the constitutional revision of 23
July 2008
File:2008 Events Collage.png, From left, clockwise: Lehman Brothers went bankrupt following the Subprime mortgage crisis; Cyclone Nargis killed more than 138,000 in Myanmar; A scene from the opening ceremony of the 2008 Summer Olympics in Beijing ...
, the Governor of the
Banque de France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the F ...
has been appointed by decree of the
President of the Republic following consultation with the Finance Committees of the
National Assembly
In politics, a national assembly is either a unicameral legislature, the lower house of a bicameral legislature, or both houses of a bicameral legislature together. In the English language it generally means "an assembly composed of the repre ...
and the
Senate
A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...
, which have the power to veto appointments by a three-fifths majority vote.
List of governors of the Banque de France
List of governors of the
Banque de France
The Bank of France ( French: ''Banque de France''), headquartered in Paris, is the central bank of France. Founded in 1800, it began as a private institution for managing state debts and issuing notes. It is responsible for the accounts of the F ...
, which is a member of the
European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#Intern ...
:
References
{{DEFAULTSORT:Governor of the Banque de France
*
Economy of France-related lists
Lists of office-holders in France
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...