France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework
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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.
Series:
Country Report No. 2013/186
Subject:
Bank liquidation Bank resolution Bank resolution framework Banking Crisis management Crisis resolution Deposit insurance Financial crises
English
Publication Date:
July 1, 2013
ISBN/ISSN:
9781484394960/1934-7685
Stock No:
1FRAEA2013008
Pages:
29
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