Abstract
The transformation of the banking sector in France is part of a worldwide movement which began in the USA and the UK during the 1980s and has progressively extended to all the developed countries. This process consists of a generalized move towards deregulation, which modifies the rules of competition in the banking sector and introduces new forms of regulation. A tension appears between, on the one hand, a search for better profitability and, on the other hand, a potential increase in risks and losses. Given that financial crises can have a politically destabilizing impact, policy-makers face a complex environment. Financial systems vary significantly between countries (see, for example, the typologies and differentiations elaborated in Zysman, 1983; Huveneers and Steinherr, 1993) and thus deregulation takes on a special character in each country. In the case of France for instance, a similar sequence has tended to be repeated from one segment of banking activity to another.
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© 1997 Danielle Salomon
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Salomon, D. (1997). The Problematic Transformation of the Banking Sector in France: The Case of Consumer Credit. In: Morgan, G., Knights, D. (eds) Regulation and Deregulation in European Financial Services. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14000-8_7
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DOI: https://doi.org/10.1007/978-1-349-14000-8_7
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