France: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, Payment Systems, Securities Settlement, and Anti-Money Laundering and Combating the Financing of Terrorism

International Monetary Fund

No 2004/344, IMF Staff Country Reports from International Monetary Fund

Abstract: This Financial System Stability Assessment on France reviews the institutional and regulatory framework. Consolidation among financial institutions has resulted in six large universal, vertically integrated banking groups having a strong position in the domestic market. Bank profitability has improved markedly over the past decade and is in line with average euro area levels. Systemic vulnerabilities in the important insurance sector are well contained. The government debt market is large, and the corporate debt market has been growing rapidly since the introduction of the euro.

Keywords: ISCR; CR; mortgage loan; bank capitalization; firm; asset quality; bank management; credit risk; settlement bank; rising prices; bank activity; off-balance sheet item; financial situation; bank reform; Insurance companies; Credit; Securities; Mortgages; Credit risk (search for similar items in EconPapers)
Pages: 111
Date: 2004-11-03
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