“We could ask ourselves whether we should change these exclusion rules,” Montchalin said.
France is considering revamping hurdles banks face when lending to the defence sector, after the financial services industry emerged as an obstacle to Europe’s efforts to rapidly boost its military capabilities.
Current regulation designed to divert lending away from companies seen as problematic under environmental, social and governance (ESG) aspects makes it hard for banks to use their deposits for loaning money to arms manufacturers, France Budget Minister Amélie de Montchalin said Sunday in a TV interview.
