Germany: Financial Sector Assessment Program-Technical Note-Crisis Management and Financial Safety Nets

International Monetary Fund

No 2022/271, IMF Staff Country Reports from International Monetary Fund

Abstract: Much progress on resolution planning and preparedness has been achieved since the last FSAP in 2016. Germany’s resolution planning is well advanced, with resolution powers broadly in line with best practice and well-developed internal resolution processes. However, the large weight of Less Significant Institutions (LSIs) in Germany’s financial sector calls for further progress on planning for crisis management for smaller banks and the institutional protection schemes (IPSs) of which they are members.

Keywords: deposit guarantee; Resolution team; Germany FSAP; financial support; recovery plan; liquidation tool; Bank resolution framework; Crisis management; Lender of last resort; Bank resolution; Deposit insurance; Global; Distressed institutions (search for similar items in EconPapers)
Pages: 29
Date: 2022-08-16
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