Germany: Technical Note on Crisis Management Arrangements

International Monetary Fund

No 2011/368, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Germany’s challenges and measures to strengthen crisis management arrangements. Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Bundesbank have closely coordinated with the interagency risk committee on banking matters, which also encompasses BaFin representatives for all three financial sectors. The Bundesbank maintains an internal crisis committee and a steering committee. The crisis committee is chaired by a board member and combines expertise from various departments such as banking, financial stability, markets, and payment issues. The German authorities have moved to a comprehensive approach in addressing the financial crisis.

Keywords: ISCR; CR; bank; Bundesbank; funding; BaFin; development bank Kreditanstalt für Wiederaufbau; member bank; banking authorities; financial support; insurance regime; bank-issued debt; Bank resolution; Deposit insurance; Financial sector stability; Commercial banks; Global (search for similar items in EconPapers)
Pages: 25
Date: 2011-12-23
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