European Union: Financial Sector Stability Assessment

IMF Staff Country Reports, March 15, 2013

Source details

Canonical URL

European Union: Financial Sector Stability Assessment

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: March 15, 2013
• Series: IMF Staff Country Reports

Executive summary and assessment focus

• The recent financial crises have underscored the need for the European Union (EU) to take a regional approach to financial stability.
• Preserving financial stability in such an environment requires a supranational oversight framework.
• Progress has been made toward stronger pan-European approaches.
• Moving banks and sovereigns jointly to safety is essential.
• Bank recovery and resolution and harmonization are essential.
• The focus of this Financial Sector Stability assessment is on supranational institutions.

Key findings and analysis

• Regional approach: The assessment emphasizes that a regional approach is necessary for the EU to preserve financial stability in the aftermath of recent financial crises.
• Supranational oversight: A supranational oversight framework is required to manage cross-border financial stability risks effectively.
• Pan-European progress: The report notes progress toward stronger pan-European approaches without specifying individual measures in the summary.
• Joint bank-sovereign safety: The assessment highlights the essential nature of moving banks and sovereigns jointly to safety.
• Recovery, resolution, harmonization: Bank recovery and resolution frameworks, and harmonization across the EU, are essential components of the stability framework.

Subject areas and keywords

• Subject: Bank resolution, Bank resolution framework, Banking, Financial crises, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, Financial services, Stress testing
• Keywords: bank balance sheet repair, Bank resolution framework, CR, crisis, EU competition regulation, EU directive, EU institution, EU level, Europe, Financial Sector Assessment Program, Financial sector stability, Global, ISCR, market funding, Stress testing

Content in this bundle

• European Union: Financial System Stability Assessment; IMF Country Report 13/75; March 2013
  • European Union: Financial System Stability Assessment; IMF Country Report 13/75; March 2013 (Markdown version)
  • European Union: Financial System Stability Assessment; IMF Country Report 13/75; March 2013 (PDF)