France : Financial Sector Assessment Program-Technical Note-Macroprudential Policy Framework and Tools

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

October 29, 2019

Electronic Access:

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Summary:

Macroprudential policy in France is the joint responsibility with several European institutions. With the operationalization of the EU Capital Requirement Directive and Capital Requirement Regulation (CRD/CRR), the French authorities have implemented, several capital buffers, as well as the liquidity coverage ratio (LCR), based on this framework. In France, Haut conseil de stabilité financière (HCSF) is the macroprudential authority established in accordance with recommendation European Systemic Risk Board (ESRB)/2011/13 and the designated authority established in accordance with Article 136 of CRD and is in charge of activating several measures in the CRD/CRR framework as well has direct responsibilities over several tools outside this framework, for example borrower-based tools.

Series:

Country Report No. 19/327

Subject:

English

Publication Date:

October 29, 2019

ISBN/ISSN:

9781513517803/1934-7685

Stock No:

1FRAEA2019010

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

39

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