The president of the French Banking Federation, Philippe Brassac, assured on Saturday that the current banking turmoil in the world, which is hitting Credit Suisse in particular in Europe, was not likely to contaminate the banking sector in France.
"
There is no risk because there is no possible contagion mechanism between the events we are seeing and the French banks
," said the banker, managing director of Crédit Agricole, on France Inter.
“
French banks are very solid because of regulation
” and “
there is no mechanism, as there could be in the past, for propagation
”.
