France: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, Securities Settlement, and Anti-Money Laundering and Combating the Financing of Terrorism
November 3, 2004
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This Financial System Stability Assessment on France reviews the institutional and regulatory framework. Consolidation among financial institutions has resulted in six large universal, vertically integrated banking groups having a strong position in the domestic market. Bank profitability has improved markedly over the past decade and is in line with average euro area levels. Systemic vulnerabilities in the important insurance sector are well contained. The government debt market is large, and the corporate debt market has been growing rapidly since the introduction of the euro.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Credit, Credit risk, Financial institutions, Financial regulation and supervision, Insurance companies, Money, Mortgages, Securities
Keywords: asset quality, bank activity, bank capitalization, bank management, bank reform, CR, Credit, credit risk, Credit risk, financial situation, firm, Insurance companies, ISCR, mortgage loan, Mortgages, off-balance sheet item, rising prices, Securities, settlement bank
Pages:
111
Volume:
2004
DOI:
Issue:
344
Series:
Country Report No. 2004/344
Stock No:
1FRAEA0022004
ISBN:
9781451813555
ISSN:
1934-7685
