Germany Technical Note on Crisis Management Arrangements

This paper discusses Germany’s challenges and measures to strengthen crisis management arrangements. Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Bundesbank have closely coordinated with the interagency risk committee on banking matters, which also encompasses BaFin representative...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper discusses Germany’s challenges and measures to strengthen crisis management arrangements. Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and the Bundesbank have closely coordinated with the interagency risk committee on banking matters, which also encompasses BaFin representatives for all three financial sectors. The Bundesbank maintains an internal crisis committee and a steering committee. The crisis committee is chaired by a board member and combines expertise from various departments such as banking, financial stability, markets, and payment issues. The German authorities have moved to a comprehensive approach in addressing the financial crisis
Physical Description:25 pages
ISBN:9781463928537