France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework
IMF Staff Country Reports, July 1, 2013
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- France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework
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Bibliographic details
- Published: July 1, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484394960.002
Summary
- This technical note discusses key findings of the assessment of Crisis Management and Bank Resolution Framework for France.
- The findings reveal that the crisis preparation, crisis identification, and crisis management processes in the supervisory authority (ACP) are comprehensive and well structured.
- Without having a formal U.S.-type “PCA-regulation,” the ACP identifies weak banks and requests appropriate remedial measures to be taken.
- The ACP also actively uses the Basel II Pillar 2 instrument to require add-ons on an individual-bank basis to the minimum regulatory capital requirements, reflecting the assessed riskiness of a bank.
Key findings and analysis
- Crisis preparation, crisis identification, and crisis management processes in the ACP are comprehensive and well structured.
- The ACP identifies weak banks and requests remedial measures despite the absence of a formal U.S.-type “PCA-regulation.”
- The ACP actively uses the Basel II Pillar 2 instrument to require add-ons on an individual-bank basis to minimum regulatory capital requirements, reflecting assessed bank riskiness.
Subjects and keywords
- Subjects: Bank liquidation, Bank resolution, Bank resolution framework, Banking, Crisis management, Crisis resolution, Deposit insurance, Financial crises
- Keywords: ACP decision, ACP system, Bank liquidation, bank resolution, Bank resolution, Bank resolution framework, bank resolution fund, banking system, company law, CR, Crisis management, Crisis resolution, financial support, Global, harmonized EU regime, host country authorities, ISCR, resolution authority, resolution framework, Société Générale, third-country authorities