Germany: Financial Sector Assessment Program-Technical Note-Crisis Management and Financial Safety Nets
August 16, 2022
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Much progress on resolution planning and preparedness has been achieved since the last FSAP in 2016. Germany’s resolution planning is well advanced, with resolution powers broadly in line with best practice and well-developed internal resolution processes. However, the large weight of Less Significant Institutions (LSIs) in Germany’s financial sector calls for further progress on planning for crisis management for smaller banks and the institutional protection schemes (IPSs) of which they are members.
Subject: Bank resolution, Bank resolution framework, Crisis management, Deposit insurance, Distressed institutions, Financial crises, Financial institutions, International organization, Lender of last resort, Monetary policy
Keywords: Bank resolution, Bank resolution framework, Crisis management, deposit guarantee, Deposit insurance, Distressed institutions, financial support, Germany FSAP, Global, Lender of last resort, liquidation tool, recovery plan, Resolution team
Pages:
29
Volume:
2022
DOI:
Issue:
271
Series:
Country Report No. 2022/271
Stock No:
1DEUEA2022008
ISBN:
9798400217944
ISSN:
1934-7685
