Cover IMF Staff Country Reports
Buy Book in Print
France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework
Author:
International Monetary Fund. Monetary and Capital Markets Department
Search for other papers by International Monetary Fund. Monetary and Capital Markets Department in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 186
Language:
English
Publication Date:
01 Jul 2013
DOI:
https://doi.org/10.5089/9781484394960.002
ISBN:
9781484394960
ISSN:
1934-7685
Pages:
29
Keywords:
ISCR; CR; financial support; host country authorities; ACP system; bank resolution fund; resolution framework; Société Générale; bank resolution; ACP decision; third-country authorities; harmonized EU regime; banking system; company law; resolution authority; Bank resolution framework; Bank resolution; Bank liquidation; Crisis management; Crisis resolution; Global
Download PDF (857.4 KB) Download Epub
This technical note discusses key findings of the assessment of Crisis Management and Bank Resolution Framework for France. The findings reveal that the crisis preparation, crisis identification, and crisis management processes in the supervisory authority (ACP) are comprehensive and well structured. Without having a formal U.S.-type “PCA-regulation,” the ACP identifies weak banks and requests appropriate remedial measures to be taken. The ACP also actively uses the Basel II Pillar 2 instrument to require add-ons on an individual-bank basis to the minimum regulatory capital requirements, reflecting the assessed riskiness of a bank.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund