France: Financial Sector Assessment Program—Detailed Assessments of Observance of Standards and Codes including Banking Supervision, Insurance Regulation, Securities Legislation, Monetary and Financial Policy Transparency, Payments Systems, Securities Settlement, and Anti-Money Laundering and Combating the Financing of Terrorism
June 8, 2005
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The Detailed Assessments of the Observance of Standards and Codes on France reviews compliance with Basel Core Principles for effective banking supervision. The French insurance market is notable for its broad range of distribution channels, which include tied agents, insurance brokers, salaried sales forces, direct writing mutuals, and financial institutions. France fulfills all prerequisites for effective payment clearing and settlement systems. Capital markets are large and sophisticated, with a range of equity, debt, derivative, and mutual fund products available to investors.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Credit, Crime, Financial institutions, Insurance companies, Legal support in revenue administration, Money, Revenue administration, Securities
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), central bank, CR, Credit, credit derivative, disciplinary action, economic activity, Europe, financial activity, Global, holding company, Insurance companies, internal audit, ISCR, Legal support in revenue administration, portfolio management firm, private sector, Securities
Pages:
361
Volume:
2005
DOI:
Issue:
186
Series:
Country Report No. 2005/186
Stock No:
1FRAEA2005002
ISBN:
9781451813647
ISSN:
1934-7685
