Germany: Financial Sector Assessment Program-Financial System Stability Assessment

International Monetary Fund

No 2016/189, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper evaluates the risks and vulnerabilities of the German financial system and reviews both the German regulatory and supervisory framework and implementation of the common European framework insofar as it is relevant for Germany. The country is home to two global systemically important financial institutions, Deutsche Bank AG and Allianz SE. The system is also very heterogeneous, with a range of business models and a large number of smaller banks and insurers. The regulatory landscape has changed profoundly with strengthened solvency and liquidity regulations for banks (the EU Capital Requirements Regulation and Directive IV), and the introduction of macroprudential tools.

Keywords: ISCR; CR; interest rate; banking system; private sector; central bank; coverage ratio; banking sector; solvency indicator; bank profitability; bridge financing; valuation loss; CRD IV Liquidity coverage ratio; average equity; capital loss; bank resolution regime; bank funding; Commercial banks; Stress testing; Insurance companies; Solvency; Financial sector stability; Global (search for similar items in EconPapers)
Pages: 118
Date: 2016-06-29
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