threats has rapidly evolved, with increasingly sophisticated methods being used by those attempting to cause disruptions. the rba is working closely with the fmis it supervises to better understand their approach to cyber resilience. as part of this work, the rba and asic asked the asx to conduct a selfassessment of its cyber - security practices for the fmis that it operates. this assessment concluded that the asx ’ s practices were generally aligned with the upper tiers of maturity levels under internationally used cyber security standards. 2 but this is an area that needs to be continually watched, and there is considerable work going at the international level, with the rba closely involved in this work. as a financial institution itself, the rba also sees the increasing prevalence and sophistication of cyber attacks and has made its own very significant investments to address the risks. in the area of payment infrastructure, we are undertaking work to strengthen further the resilience of the reserve bank information and transfer system, commonly known as rits. this system is owned and operated by the rba and lies at the heart of australia ’ s wholesale payment system. with those introductory remarks i look forward to participating in the panel discussion. thank you. asx ’ s high - level self - assessment was carried out against the united states national institute of standards and technology cybersecurity framework. bis central bankers ’ speeches

new year address by the governor of the banque de france – paris, 9 january speech by francois villeroy de galhau, governor of the banque de france, chairman of the acpr press contact : delphine cuny ( delphine. cuny @ banque - france. fr ) page 1 of 5 i would like to start by extending, on behalf of the banque de france and the acpr, our warmest wishes to you with whom we work, day - in, day - out : financial centre players, elected representatives and public officials, and journalists. in the turbulent environment of 2024, we will need more than ever to counterbalance the pessimism of intelligence with the optimism of the will, and to remind ourselves that a full life combines both professional commitment and personal ties. so, first and foremost, i wish you much joy with those you love as well as in all your new projects in 2024. this year promises to be an eventful one : monetary union was 25 years old on 1 january, we will be celebrating 10 years of the european banking union, and france will of course be hosting the olympic games. there will also be two elections of key importance for our country beyond our borders : the european elections in june and the us elections in november. because the year ends " in four ", i would like to follow a process of simple addition and share 2 + 2 wishes with you. * * the first two wishes follow on from those i made before you a year ago. i would like to return to the economic progress achieved in 2023, and invite us to " finish the job ". 1. 1 less inflation and more stabilisation inflation remains the main concern of our fellow citizens, and our main mission as a central bank. at the beginning of 2023, i stated here before you that french inflation would pass its peak in the first half of the year – it has since declined from 7. 3 % in february to 4. 1 % in december i – and that we should reach the terminal interest rate " by the summer " – this occurred in early september. i also made a “ commitment ” that barring any new shocks we would bring inflation down towards 2 % by 2025 at the latest. a year ago, many people were expressing polite – or not so polite – scepticism. today, our forecast is much more widely accepted and believed : average inflation of 2. 5 % in 2024 and