France: Financial Sector Assessment Program-Technical Note-Select Topics in Financial Supervision and Oversight
IMF Staff Country Reports, October 29, 2019
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- France: Financial Sector Assessment Program-Technical Note-Select Topics in Financial Supervision and Oversight
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Bibliographic details
- Published: October 29, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513517810.002
Overview
- Publication date: October 29, 2019
- Format: IMF Staff Country Reports; Country Report No. 2019/325; Issue: 325; Volume: 2019; Pages: 66
- DOI: https://doi.org/10.5089/9781513517810.002
- Stock No: 1FRAEA2019008; ISBN: 9781513517810; ISSN: 1934-7685
- Subject areas: Bank resolution framework, Banking, Credit, Financial crises, Financial institutions, Financial instruments, Financial Sector Assessment Program, Financial sector policy and analysis, Money, Securities
- Keywords explicitly used: ACPR staff, Bank resolution framework, banking group, business model, CR, Credit, credit risk, financial crisis, Financial Sector Assessment Program, financial system, Global, interest rate, investment strategy, ISCR, market participant, parent company, Securities, senior management
Key findings on the Less Significant Institutions (LSI) sector
- Business model and profitability risk remains the main challenge for the LSI sector in France.
- Earnings have been under pressure due to the persistent low interest rate environment and stiff competition within the banking sector.
- The ACPR’s assessment is that liquidity risk does not pose significant issues for the LSI sector in France.
Supervisory approach and governance
- In response to Single Supervisory Mechanism (SSM) initiatives, the French Prudential Supervision and Resolution Authority (ACPR) has sharpened its focus on governance issues.
- The SSM’s commitment to consistent high supervisory standards has shaped the ACPR’s supervisory approach to LSIs in other important ways.
Analytical focus of the technical note
- Examines different aspects of supervision and oversight in the French financial system.
- Focuses on regulatory requirements and supervisory practices most relevant to financial stability.
Publication and access notes
- Part of IMF Staff Country Reports series.
- Available for download in PDF and other formats on IMF eLibrary.
- Recommendation: consult the IMF eLibrary for full text and formats.
Source: International Monetary Fund. "France: Financial Sector Assessment Program-Technical Note-Select Topics in Financial Supervision and Oversight", IMF Staff Country Reports 2019, 325 (2019).
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