Germany: Financial Sector Assessment Program-Crisis Preparedness, Bank Resolution and Crisis Management Frameworks-Technical Notes
IMF Staff Country Reports, June 29, 2016
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- Germany: Financial Sector Assessment Program-Crisis Preparedness, Bank Resolution and Crisis Management Frameworks-Technical Notes
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Bibliographic details
- Published: June 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498325431.002
Overview
- Publication date: June 29, 2016
- Type: IMF Staff Country Report
- Pages: 43
- Volume: 2016
- Issue: 194
- Series: Country Report No. 2016/194
- DOI: https://doi.org/10.5089/9781498325431.002
- Stock No: 1DEUEA2016006
- ISBN: 9781498325431
- ISSN: 1934-7685
Main analytical findings
- The paper analyzes the crisis preparedness and crisis management frameworks for German banks.
- Banks dominate the German financial system and represent one of the largest small- and medium-sized banking segments in the EU.
- The banking sector is a three-pillar system with a total of nearly 1,800 institutions.
- Both at the EU level and at the domestic German level a range of legal instruments have been adopted that collectively establish a complex framework for bank resolution and crisis preparedness and management in the financial sector.
- The Single Supervisory Mechanism Regulation has conferred specific tasks on the European Central Bank concerning prudential supervision of banks, including:
- the adoption of early intervention measures, and
- a requirement that banks prepare recovery plans.
Subjects and keywords (as listed)
- Subject: Bank resolution, Bank resolution framework, Banking, Crisis management, Crisis prevention, Crisis resolution, Deposit insurance, Financial crises
- Keywords: Bank resolution, Bank resolution framework, bridge financing, CR, Crisis management, Crisis prevention, Crisis resolution, Europe, financial support, Global, ISCR, resolution authorities, resolution authority, resolution framework, resolution measure, resolution scheme, restructuring bank funding, stabilization tool, State aid, State guarantee, supervising authority, supervision authority, supervisory authority, unsecured debt
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International Monetary Fund. Monetary and Capital Markets Department "Germany: Financial Sector Assessment Program-Crisis Preparedness, Bank Resolution and Crisis Management Frameworks-Technical Notes", IMF Staff Country Reports 2016, 194 (2016).