France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework

International Monetary Fund

No 2013/186, IMF Staff Country Reports from International Monetary Fund

Abstract: This technical note discusses key findings of the assessment of Crisis Management and Bank Resolution Framework for France. The findings reveal that the crisis preparation, crisis identification, and crisis management processes in the supervisory authority (ACP) are comprehensive and well structured. Without having a formal U.S.-type “PCA-regulation,” the ACP identifies weak banks and requests appropriate remedial measures to be taken. The ACP also actively uses the Basel II Pillar 2 instrument to require add-ons on an individual-bank basis to the minimum regulatory capital requirements, reflecting the assessed riskiness of a bank.

Keywords: ISCR; CR; financial support; host country authorities; ACP system; bank resolution fund; resolution framework; Société Générale; bank resolution; ACP decision; third-country authorities; harmonized EU regime; banking system; company law; resolution authority; Bank resolution framework; Bank resolution; Bank liquidation; Crisis management; Crisis resolution; Global (search for similar items in EconPapers)
Pages: 29
Date: 2013-07-01
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