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 S

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

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2004 Issue 344

Publication date: November 2004

ISBN: 9781451813555

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Investments and Securities-General , Money and Monetary Policy , 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

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Republic of Congo : 2001 Article IV

Summary

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.