Union of Comoros: Operationalization of the Revised Law on the Resolution of Financial Institutions
May 23, 2025
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In August-September 2024, the IMF's Monetary and Capital Markets Department assisted the Central Bank of Comoros (BCC) in operationalizing a special resolution regime under the Law on the Recovery and Resolution of Financial Institutions (LRIF). The technical assistance focused on enhancing the BCC's capacity for bank restructuring and resolution, including on resolution tool and funding mechanism, and depositor preference. Despite progress in legal framework development, challenges persist, in particular due to the underdeveloped financial safety net and the absence of liquidity support mechanisms. Recommendations emphasize prioritizing suitable resolution tools, strengthening the liquidity assistance framework and establishing a resolution funding mechanism to enhance financial stability in Comoros.
Subject: Bank resolution, Bank resolution framework, Crisis resolution, Financial crises, Special resolution regime
Keywords: Bank resolution, Bank resolution framework, bcc balance sheet exposure, bridge-bank tool, Crisis resolution, depositor preference, Financial safety net, IMF's Monetary, liquidity assistance framework, resolution framework, resolution funding, resolution manual, resolution option, resolution planning, Special resolution regime
Pages:
3
Volume:
2025
DOI:
Issue:
020
Series:
High Level Summary Technical Assistance Report No. 2025/020
Stock No:
HLSEA2025020
ISBN:
9798229011983
ISSN:
2959-4103
