Germany: Financial Sector Assessment Program-Systemic Liquidity and Bank Funding-Technical Notes

International Monetary Fund

No 2016/195, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on the current state of the principal markets for nondeposit based funding for German financial institutions. A key finding is that although the current level of liquidity of the banking system is abundant, underpinned by active central bank support, the resilience of liquidity in some bank funding markets appears weaker than in the past. The financial system is dominated by banks and is generally sound and robust to shocks. The German banking system consists of a large number of banks in three main pillars: private commercial banks, public sector banks, and cooperative banks (accounting for 39 percent, 27 percent, and 14 percent, respectively of total banking system assets).

Keywords: ISCR; CR; bank; market; covered bond; bond market; financing; repurchase market; ECB liquidity injection; ECB liquidity operation; covered bond bond market; secured bond; mortgage bank; bank investor; development bank; funding market; purpose bank; secured bond market; public sector bank; Covered bonds; Commercial banks; Liquidity; Money markets; Cooperative banks; Global; Europe (search for similar items in EconPapers)
Pages: 27
Date: 2016-06-29
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