Mounir Mahjoubi, the French secretary of state for digital affairs, spoke to Joy Macknight at the Money 20/20 Europe conference about the value created through bank-fintech partnerships and how France is fostering an attractive environment for fintechs, which is of growing importance due to Brexit.
Following the financial crisis, major central banks had a remarkable convergence of approach and acted to avoid a meltdown. But global leveraging has not slowed and there is a risk of complacency in some quarters, warns the former ECB president.
France embraced change at its recent presidential election, writes its minister for the economy and finance. Now Emmanuel Macron’s new government aims to transform the economy by reforming labour laws, cutting business taxes, boosting training and overhauling the pension system. It also has its eye on shaking up the EU.