Union of Comoros: Technical Assistance Report-Operationalization of the Revised Law on the Resolution of Financial Institutions
May 23, 2025
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In August-September 2024, the IMF's Monetary and Capital Markets Department assisted the Central Bank of Comoros (BCC) in operationalizing a special resolution regime under the Law on the Recovery and Resolution of Financial Institutions (LRIF). The technical assistance focused on enhancing the BCC's capacity for bank restructuring and resolution, including on resolution tool and funding mechanism, and depositor preference. Despite progress in legal framework development, challenges persist, in particular due to the underdeveloped financial safety net and the absence of liquidity support mechanisms. Recommendations emphasize prioritizing suitable resolution tools, strengthening the liquidity assistance framework and establishing a resolution funding mechanism to enhance financial stability in Comoros.
Subject: Bank liquidation, Bank resolution, Bank resolution framework, Bridge bank, Crisis resolution, Financial crises
Keywords: A. resolution plan template, Africa, B. resolution funding mechanism, Bank liquidation, Bank resolution, Bank resolution framework, Bridge bank, Crisis resolution, Department mission, depositor preference, Financial safety net, IMF's Monetary, resolution framework, resolution funding, resolution manual, resolution planning, Treasury financing, Union of Comoros.
Pages:
45
Volume:
2025
DOI:
Issue:
058
Series:
Technical Assistance Report No. 2025/058
Stock No:
TAREA2025058
ISBN:
9798229012041
ISSN:
3005-4575
