Format:
1 Online-Ressource (circa 75 Seiten)
,
Illustrationen
ISBN:
9781513508276
Series Statement:
IMF country reports 19, 241
Content:
This Financial System Stability Assessment paper on France provides summary of an assessment of the financial system. Dominated by internationally active financial conglomerates, the French financial system has made important progress since the last financial stability assessment program (FSAP). In order to address a build-up of systemic risks, the authorities have proactively used macroprudential measures and public communication. The government is pursuing a strategy to prepare Paris as a key financial hub, including by promoting crypto-assets, fintech, green finance, and market entry. Banking and insurance business lines, and the corporate sector, carry important financial vulnerabilities that need close attention. The FSAP thus has recommended augmenting policy tools to contain vulnerabilities and continue to act pre-emptively if systemic risks intensify. In order to mitigate intensification of corporate-and potentially household-vulnerabilities, the FSAP proposed: active engagement with the European Central Bank on the possible use of bank-specific measures; considering fiscal measures to incentivize corporates to finance through equity rather than debt; and a sectoral systemic risk buffer
Additional Edition:
Erscheint auch als Druck-Ausgabe France: Financial System Stability Assessment Washington, D.C. : International Monetary Fund, 2019 ISBN 9781513508276
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781513508276.002
