{
  "title": "Germany: Financial Sector Assessment Program-Systemic Liquidity and Bank Funding-Technical Notes",
  "publication": "IMF Staff Country Reports, June 29, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/index.md",
  "summary": "This paper focuses on the current state of the principal markets for nondeposit based funding for German financial institutions.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Focus: current state of the principal markets for nondeposit based funding for German financial institutions.\n- Central observation: current level of liquidity of the banking system is abundant, underpinned by active central bank support.\n- Main caution: the resilience of liquidity in some bank funding markets appears weaker than in the past."
    },
    {
      "heading": "Key findings",
      "content": "- Liquidity level: \"abundant\" in the banking system, supported by active central bank support.\n- Resilience: liquidity resilience in some bank funding markets is weaker than historically observed.\n- Financial system robustness: the financial system is dominated by banks and is generally sound and robust to shocks."
    },
    {
      "heading": "Banking system structure (key statistics)",
      "content": "- Banking system composition by total banking system assets:\n  - Private commercial banks: 39 percent\n  - Public sector banks: 27 percent\n  - Cooperative banks: 14 percent"
    },
    {
      "heading": "Subjects and keywords (topics covered)",
      "content": "- Asset and liability management\n- Banking; Commercial banks; Cooperative banks; Financial institutions\n- Covered bonds; Covered bond bond market; mortgage bank; secured bond; secured bond market\n- Financial markets; Liquidity; Money markets; repurchase market\n- ECB liquidity injection; ECB liquidity operation\n- Development bank; public sector bank; purpose bank\n- Market scope: Europe; Global; CR; ISCR; financing; funding market; bond market; bank investor\n\nGermany: Financial Sector Assessment Program-Systemic Liquidity and Bank Funding-Technical Notes — June 29, 2016\n\n---\n\n Content in this bundle\n\n- cr16195\n  - cr16195 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16195 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/bundle-manifest.json)",
    "Published: June 29, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475578225.002",
    "Focus: current state of the principal markets for nondeposit based funding for German financial institutions.",
    "Central observation: current level of liquidity of the banking system is abundant, underpinned by active central bank support.",
    "Main caution: the resilience of liquidity in some bank funding markets appears weaker than in the past.",
    "Resilience: liquidity resilience in some bank funding markets is weaker than historically observed.",
    "Financial system robustness: the financial system is dominated by banks and is generally sound and robust to shocks.",
    "ECB liquidity injection; ECB liquidity operation",
    "Development bank; public sector bank; purpose bank",
    "Market scope: Europe; Global; CR; ISCR; financing; funding market; bond market; bank investor",
    "**_cr16195**"
  ],
  "related": [
    {
      "title": "_cr16195",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16195.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16195.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16195.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-systemic-liquidity-and-bank-funding-technical-44019/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-14T07:36:56.197Z"
}