France: Financial System Stability Assessment
December 21, 2012
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This Financial System Stability Assessment on France discusses the French financial system and the restructuring of French banks to different business models. The French banking system weathered the 2007–09 global financial crisis well. The large French banks have announced plans to meet Basel III Common Equity Tier 1 (CET1) capital targets during 2013, and have divested noncore assets. The banks are increasing their liquidity and reducing their dependence on short-term and U.S. dollar wholesale funding. IMF staff recommends timely feedback and strengthened follow-up mechanisms in the supervisory process.
Subject: Banking, Financial crises, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Solvency, Stress testing
Keywords: bank basis, bank capital, bank cross-holdings, bank equity price, bank recapitalization purpose, bank spread, banking system, banks bottom up, covered bond, CR, Europe, financial crisis, financial institution, French bank, Global, Insurance, Insurance companies, interest rate, ISCR, Société Générale, Solvency, Stress testing
Pages:
102
Volume:
2012
DOI:
Issue:
341
Series:
Country Report No. 2012/341
Stock No:
1FRAEA2012001
ISBN:
9781475545371
ISSN:
1934-7685
