Knowledge Base
Analyze the institutional and regulatory framework at French, European, and international levels
Which international body coordinates financial regulation reforms and publishes the list of global systemically important banks?
The Financial Stability Board (FSB) was created at the G20 London Summit in April 2009 to coordinate reforms and publish the list of global systemically important banks (G-SIBs).
Which French authority is responsible for financial markets supervision under the 'twin peaks' system?
Under the French 'twin peaks' system, the AMF is responsible for financial markets supervision. This structure was established by the loi de sécurité financière of August 1, 2003.
Which European body is responsible for financial markets supervision within the European System of Financial Supervision?
ESMA (European Securities and Markets Authority) is the European authority responsible for financial markets supervision. It was created in 2010 following the recommendations of the de Larosiere report.
What is the maximum duration of a mortgage loan under HCSF standards?
The HCSF set a maximum duration of 25 years for mortgage loans, as specified in the law of July 26, 2013.
The Single Supervisory Mechanism (SSM) places all French banking groups under the direct supervision of the ECB.
Only the ten systemically important French banking groups are under the direct supervision of the ECB. Less significant institutions remain under ACPR supervision, as indicated in the text.
European directives require transposition into national law before becoming applicable.
European directives must be transposed into national law to become applicable, unlike regulations which are directly applicable. This information is referenced in the text on the regulatory hierarchy.
Categorize items by dragging them to the appropriate zones
Items to categorize:
Proposal of measures
Standards compliance monitoring
Execution on financial markets
Application in its specific area
Implementation of HCSF decisions is carried out by different entities according to their competencies: Banque de France for proposals, the ACPR for standards compliance, the AMF for financial markets, and the Accounting Standards Authority for its specific areas. This allocation ensures consistent application of decisions.
Categorize items by dragging them to the appropriate zones
Items to categorize:
French
European
International
The Banque de France and the AMF are French, ESMA and the ECB are European, while the FSB and IOSCO are international.