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 Systems, Securities Settlement, and Anti-Money Laundering and Combating the Financing of Terrorism

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.

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Year of publication:	2004-11-03
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Combating the financing of terrorism \| Reports on the Observance of Standards and Codes \| payment systems \| credit \| payments \| settlement systems \| prices \| payment system \| life insurance \| money laundering \| reinsurance \| securities regulation \| shares \| internal controls \| banking supervision \| international standards \| supervisory authorities \| risk management \| supervisory authority \| accounting standards \| collateral \| suspicious transactions \| shareholders \| market participants \| rtgs \| financial soundness \| stress testing \| law enforcement \| collective investment schemes \| retail payments \| predicate offences \| checks \| securities markets \| enforcement powers \| reporting requirements \| custodians \| supervisory agencies \| counterparty \| financial crime \| supervisory bodies \| custody \| competent authorities \| terrorist financing \| regulatory authority \| beneficial ownership \| supervisory agency \| legal assistance \| international accounting standards \| terrorism financing \| risk management systems \| foreign counterparts \| beneficial owners \| internal audit \| suspicious transaction \| foreign banks \| financial regulation \| predicate offence \| custodian \| pension funds \| securities regulators \| credit transfers \| counterpart \| regulatory authorities \| prudential supervision \| protocols \| repo \| foreign authorities \| clients \| queuing \| judicial authorities \| monetary instruments \| penalties \| insurance policy \| customer identification \| securities transactions \| international cooperation \| risk management procedures \| registration \| automated teller machines \| custody risk \| transparency requirements \| information exchange \| point of sale \| customer acceptance \| internal organization \| financial sector standards \| legal assistance requests \| transaction reporting \| caps \| internal procedures \| criminal activity \| financial intelligence unit \| transferable securities \| adequate safeguards \| current accounts \| supervisory framework \| customer acceptance policies \| licensing requirements \| insurance policies \| confidentiality \| suspicious transaction report \| supervisory environment \| business relations \| law enforcement actions \| due diligence \| enforcement authorities \| law enforcement authorities \| legal entity \| assessment mission \| market intermediaries \| checking accounts \| judicial authority \| suspicious transaction reporting \| legal impediments \| assessment methodology \| organized crime \| alternative remittance \| lawful purpose \| funds transfers \| financial regulations \| supervisory process \| liquid securities \| financial intermediaries \| laundered funds \| foreign counterpart \| moving funds \| securities issues \| confirmation \| suspicious transaction reports \| conflict of laws \| criminal justice measures \| custody services \| customer identification requirements \| pricing \| money laundering issues \| rolling settlement \| segregation \| monetary union \| legal entities \| risk customers \| exchange information \| supervisory body \| refinancing \| insider trading \| credit unions \| internal rules \| iosco principles \| bank licensing \| terrorist assets \| criminal justice \| financial sector supervision \| insurance intermediaries \| financial sector regulation \| risk profile \| terrorist activities \| confiscated assets \| custodial services \| insurance supervisors \| investigative powers \| criminal law \| false information \| retail transactions \| criminal law enforcement \| current account \| life insurance policies \| suspicious transactions reporting \| third parties \| combat money laundering \| transaction reports \| regulatory measures \| investigative techniques \| legal arrangements \| criminal activities \| illegal origin \| electronic money \| regulatory requirements \| securities firms \| criminal offence \| clearing members \| licensing process \| contractual savings

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/344 11 pages long
Source:	RePEc - Research Papers in Economics

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