Emmanuel Moulin Vows Independent Leadership at Bank of France Amid Senate Hearing
Senate Hearing Highlights and Implications for Bank of France Leadership
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Emmanuel Moulin's Commitment to Independence
PARIS, May 20 (Reuters) - Emmanuel Moulin, President Emmanuel Macron's pick to head the Bank of France and his former chief of staff, said on Wednesday in hearings ahead of a vote by Parliament on Moulin's confirmation that he was sure he would run the national central bank in an independent manner.
Statement to the French Senate
"I am convinced that I can run in an independent manner an institution proud of its history and looking to the future, in the service of a trusted currency and of a strong and stable economy," Moulin told the French Senate.
Role and Responsibilities of the Bank of France Governor
Position within the European Central Bank
As governor of the 226-year-old Bank of France, Moulin would sit on the European Central Bank's rate-setting governing council and be responsible for regulating French banks.
Professional Background and Political Considerations
Credentials and Experience
Moulin, a former banker and finance ministry official, has sterling credentials as an experienced policymaker, but he has faced questions about his independence from Macron and the opposition could block him if they garner more than 60% of the vote.
(Reporting by Leigh Thomas, Dominique Vidalon, Sudip Kar-Gupta and Ingrid Melander; Editing by Makini Brice)
