Germany:Financial Sector Assessment Program-Technical Note-Crisis Management and Financial Safety Nets

Financial Sector Assessment Program-Technical Note-Crisis Management and Financial Safety Nets

Volume/Issue: Volume 2022 Issue 271

Publication date: August 2022

ISBN: 9798400217944

$20.00

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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 , Finance , Money and Monetary Policy , International - Economics , deposit guarantee , Resolution team , Germany FSAP , financial support , recovery plan , liquidation tool , Bank resolution framework , Crisis management , Lender of last resort , Bank resolution , Deposit insurance , Global , Distressed institutions

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Summary

Much progress on resolution planning and preparedness has been achieved since the last FSAP in 2016. Germany’s resolution planning is well advanced, with resolution powers broadly in line with best practice and well-developed internal resolution processes. However, the large weight of Less Significant Institutions (LSIs) in Germany’s financial sector calls for further progress on planning for crisis management for smaller banks and the institutional protection schemes (IPSs) of which they are members.