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France : Financial Sector Assessment Program
Technical Note-Risk Analysis of Banking and Insurance Sector

Series:Country Report No. 19/322
ISBN 9781513517773
Code: #1FRAEA2019005

Publication year: 2019

Cdn: $25.00; US: $18.00
Language: English
90 pages
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France is home to numerous banks and insurers which are very active at a global scale. Four Global Systemically Important Banks (G-SIBs) are incorporated in France as well as multiple number of large insurers. Assets of banking system exceed GDP by 2.7 times. Four G-SIBs dominate France’s financial landscape, also taking into account bancassurance (i.e., banking and insurance companies working under financial conglomerate structure) business model they have. Global presence and diversification, integration of banking and insurance activities defined the perimeter and scope of systemic risk assessment (including stress testing) of FSAP. This technical note contributes to the FSAP’s assessment of systemic risk with a comprehensive set of stress testing exercises. The assessment is based on stress tests, which simulate the health of banks, insurers under severe yet plausible (counterfactual) adverse scenarios. Scenarios include global and regional financial market turmoil (shocks to term and risk premiums), a major slowdown of economic activity in Euro Area (EA) and France due to secular stagnation and trade shocks. The analyses include simulations based on solvency and liquidity scenarios.
France : Financial Sector Assessment Program
Cdn: $25.00; US: $18.00
International Monetary Fund (IMF) BookID: 126214 Added: 2019.10.29