European Union: Financial System Stability Assessment

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Series Details No.75, March 2013
Publication Date March 2013
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In its first ever European Union-wide assessment of the soundness and stability of the financial sector, the International Monetary Fund pointed to the need to step up regional efforts to manage financial crises and risks to keep the 27 countries that form the world’s largest economy safe and stable.

'Restoring financial stability in the European Union has not been easy, and the priority is now to establish single frameworks for crisis management, deposit insurance, supervision and resolution, with a common fiscal backstop for the banking system, especially for the monetary union', said Charles Enoch, Deputy Director in the IMF’s Monetary and Capital Markets Department and head of the IMF mission that conducted the assessment.
Source Link http://www.imf.org/external/pubs/ft/scr/2013/cr1375.pdf
Related Links
IMF Survey, 15.03.13: Europe-Wide Approach Will Make Financial System Safer http://www.imf.org/external/pubs/ft/survey/so/2013/CAR031513A.htm
IMF: Country Report, No,.66, 2013: European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Deposit Insurance http://www.imf.org/external/pubs/cat/longres.aspx?sk=40394.0
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