France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework

July 1, 2013

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Format: Chicago

France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework, (USA: International Monetary Fund, 2013) accessed September 20, 2024

Summary

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.

Subject: Bank liquidation, Bank resolution, Bank resolution framework, Banking, Crisis management, Crisis resolution, Deposit insurance, Financial crises

Keywords: ACP decision, ACP system, Bank liquidation, Bank resolution, Bank resolution, Bank resolution framework, Bank resolution fund, Banking system, Company law, CR, Crisis management, Crisis resolution, Financial support, Global, Harmonized EU regime, Host country authorities, ISCR, Resolution authority, Resolution framework, Société Générale, Third-country authorities

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/186
Stock No:

1FRAEA2013008
ISBN:

9781484394960
ISSN:

1934-7685

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