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France: Financial System Stability Assessment
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 341
Language:
English
Publication Date:
21 Dec 2012
DOI:
https://doi.org/10.5089/9781475545371.002
ISBN:
9781475545371
ISSN:
1934-7685
Pages:
102
Keywords:
ISCR; CR; interest rate; bank spread; French bank; bank equity price; financial crisis; Société Générale; banks bottom up; financial institution; bank cross-holdings; bank recapitalization purpose; banking system; bank capital; covered bond; bank basis; Insurance; Solvency; Insurance companies; Stress testing; Global; Europe
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This Financial System Stability Assessment on France discusses the French financial system and the restructuring of French banks to different business models. The French banking system weathered the 2007–09 global financial crisis well. The large French banks have announced plans to meet Basel III Common Equity Tier 1 (CET1) capital targets during 2013, and have divested noncore assets. The banks are increasing their liquidity and reducing their dependence on short-term and U.S. dollar wholesale funding. IMF staff recommends timely feedback and strengthened follow-up mechanisms in the supervisory process.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund