France: Financial System Stability Assessment

IMF Staff Country Reports, December 21, 2012

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France: Financial System Stability Assessment

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Bibliographic details

• Published: December 21, 2012
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475545371.002

Overview and key findings

• The Financial System Stability Assessment 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.
• 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.

Subject coverage and keywords

• Subject: Banking, Financial crises, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Solvency, Stress testing
• Keywords: bank basis, bank capital, bank cross-holdings, bank equity price, bank recapitalization purpose, bank spread, banking system, banks bottom up, covered bond, CR, Europe, financial crisis, financial institution, French bank, Global, Insurance, Insurance companies, interest rate, ISCR, Société Générale, Solvency, Stress testing

Publication and document specifics

• Pages: 102
• Volume: 2012
• Issue: 341
• Series: Country Report No. 2012/341
• Stock No: 1FRAEA2012001
• ISBN: 9781475545371
• ISSN: 1934-7685
• DOI: https://doi.org/10.5089/9781475545371.002
• Publication date shown on landing page: December 21, 2012

Policy recommendations and supervisory implications

• Provide timely feedback in the supervisory process.
• Strengthen follow-up mechanisms to ensure supervisory recommendations are implemented.

International Monetary Fund. France: Financial System Stability Assessment (IMF Staff Country Report No. 2012/341).

Content in this bundle

• France: Financial System Stability Assessment; IMF Country Report No. 12/341; December 7, 2012
  • France: Financial System Stability Assessment; IMF Country Report No. 12/341; December 7, 2012 (Markdown version)
  • France: Financial System Stability Assessment; IMF Country Report No. 12/341; December 7, 2012 (PDF)