{
  "title": "France: Financial Sector Assessment Program—Technical Note on Stress Testing the Banking Sector",
  "publication": "IMF Staff Country Reports, July 1, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/france-financial-sector-assessment-program-technical-note-on-stress-testing-the-banking-40722",
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  "summary": "This technical note discusses key findings of the Stress Testing of the Banking Sector for France. Stress testing analysis was used to capture the most salient risks for banks.",
  "sections": [
    {
      "heading": "Key findings from stress testing",
      "content": "- Stress testing analysis was used to capture the most salient risks for banks.\n- The findings support the current focus of Autorité de Contrôle Prudentiel (ACP) to require banks to build up adequate capital and liquidity buffers.\n- The tests suggest that the banking system would be able to meet regulatory ratios under most scenarios.\n- Solvency stress tests indicate that banks could cope with deterioration in the economic environment while phasing in capital requirements under Capital Requirements Directive IV."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Require banks to build up adequate capital buffers.\n- Require banks to build up adequate liquidity buffers.\n- Continue phasing in capital requirements under Capital Requirements Directive IV to strengthen resilience."
    },
    {
      "heading": "Scope, subjects, and technical focus",
      "content": "- Subjects: Asset and liability management; Banking; Commercial banks; Financial institutions; Financial sector policy and analysis; Liquidity; Liquidity stress testing; Solvency stress testing; Stress testing.\n- Keywords: access to ECB facility; bank assets; bank capital projection; bank solvency stress test result; banking groups; banks BU; Commercial banks; CR; ECB liquidity; Global; ISCR; Liquidity; Liquidity stress testing; Solvency stress testing; Stress testing.\n\n---\n\n Content in this bundle\n\n- cr13185 - Executive Summary\n  - cr13185 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13185 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 1, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616358556.002",
    "The findings support the current focus of Autorité de Contrôle Prudentiel (ACP) to require banks to build up adequate capital and liquidity buffers.",
    "The tests suggest that the banking system would be able to meet regulatory ratios under most scenarios.",
    "Solvency stress tests indicate that banks could cope with deterioration in the economic environment while phasing in capital requirements under Capital Requirements Directive IV.",
    "Require banks to build up adequate capital buffers.",
    "Require banks to build up adequate liquidity buffers.",
    "Continue phasing in capital requirements under Capital Requirements Directive IV to strengthen resilience.",
    "Subjects: Asset and liability management; Banking; Commercial banks; Financial institutions; Financial sector policy and analysis; Liquidity; Liquidity stress testing; Solvency stress testing; Stress testing.",
    "Keywords: access to ECB facility; bank assets; bank capital projection; bank solvency stress test result; banking groups; banks BU; Commercial banks; CR; ECB liquidity; Global; ISCR; Liquidity; Liquidity stress testing; Solvency stress testing; Stress testing.",
    "**_cr13185 - Executive Summary**"
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