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France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework

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  • International Monetary Fund

Abstract

This technical note discusses key findings of the assessment of Crisis Management and Bank Resolution Framework for France. The findings reveal that the crisis preparation, crisis identification, and crisis management processes in the supervisory authority (ACP) are comprehensive and well structured. Without having a formal U.S.-type “PCA-regulation,” the ACP identifies weak banks and requests appropriate remedial measures to be taken. The ACP also actively uses the Basel II Pillar 2 instrument to require add-ons on an individual-bank basis to the minimum regulatory capital requirements, reflecting the assessed riskiness of a bank.

Suggested Citation

  • International Monetary Fund, 2013. "France: Financial Sector Assessment Program—Technical Note on Crisis Management and Bank Resolution Framework," IMF Staff Country Reports 2013/186, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/186
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