REGION B – EUROPE
THE SINKING OF THE TITANIC
(April 14-15, 1912 – North Atlantic Ocean)
(Governor, Bank of France)
ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK
The Official Story
FRANÇOIS VILLEROY DE GALHAU
(Governor of the Bank of France, 2015+)
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.
Governor of the Bank of France
On 8 September 2015, the President of France, François Hollande, nominated Villeroy de Galhau as next Governor of the Bank of France, succeeding Christian Noyer. As such, he presides over the General Council, the body responsible for deliberating on all matters relating to non-Eurosystem activities. He conducts the three main missions of the Banque de France: monetary strategy, financial stability and the provision of economic service to households and small businesses.
As Bank of France governor, Villeroy de Galhau also sits in the Governing Council of the European Central Bank, which makes monetary policy decisions for the whole Eurozone.
Upon his arrival, Villeroy de Galhau amplified the transformation plan of his predecessor Christian Noyer, which he named “Ambition 2020”. During this period, the Bank of France transferred an amount of 4.5 billion euros to the French state in 2016, then 5 billion euros in 2017 and 5.6 billion euros in 2018, and 6.5 billions in 2019; most of which stemmed from the interest income earned in the context of the asset purchases programmes (quantitative easing) conducted in the whole Eurosystem as part of the ECB’s monetary policy.
In 2017, Villeroy de Galhau took part in the launch of the Network for Greening the Financial System. Under his leadership, the Banque de France announced plans to exit from coal and limit exposure to gas and oil in its investment portfolio by 2024 as part of a shift towards more environmentally friendly assets.