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Reforms in banking system of France and their impact on banking operations development
(2019) Lomachynska, Iryna A.; Andrieieva, O. A.; Ломачинська, Ірина Анатоліївна; Ломачинская, Ирина Анатольевна; Андреева, О. А.
The article examines the evolution of the modern banking system of France, which today is one of the most developed and stable in the world. It is shown that the reforms in the banking sector of France in the 1980s and 1990s, changes related to the economic and monetary integration of the EU, the global financial crisis of 2008, and the debt crisis of the EU had a strong impact on the structure, dynamics of development, and the stability of the modern banking system in France. As a result, today the banking system of France is characterized by a high level of concentration and efficiency; developed retail banking business; the largest French banks are in the TOP of the world's transnational banks, are global and systemically significant, form the fourth foreign banking network in the world.