France should broaden macro-prudential oversight – FSB report
Country should widen its outlook to include asset managers and other risky areas, peer review finds
France has laid the groundwork for its macro-prudential policymaking, and now needs to expand the framework to cover a broader range of risks beyond the banking sector, according to a peer review published today (July 20) by the Financial Stability Board (FSB).
France currently operates a system of three main macro-prudential regulators; the Banque de France; the resolution authority, which operates under the central bank; and the markets authority. They are co-ordinated by the inter-agency
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