Which international organization recognized certain features of the French framework as consistent with best practices for effective macroprudential policy?
The World Bank
The European Union
The IMF
The OECD
Which European regulatory bodies have non-binding powers, unlike the HCSF?
The UK Financial Policy Committee and the European ESRB
The German Ausschuss fur Finanzstabilitat and the Spanish AMCESFI
The US FSOC and the Italian Comitato per le Politiche Macroprudenziali
The HCSF and the Banque de France
What macroprudential tool, unique in Europe, has France implemented to regulate mortgage lending?
The countercyclical buffer
Buffers for systemically important institutions
Mortgage lending framework with debt-service-to-income (35%) and duration (25 years) standards
The power to temporarily block life insurance surrenders
What is the primary role of the Governor of the Banque de France within the HCSF?
Chairing the HCSF
Proposing macroprudential measures and making those proposals public
Supervising French banks
Issuing non-binding recommendations
The HCSF is chaired by the Governor of the Banque de France.
True
False
The French HCSF model is considered the international standard for financial regulation.
True
False
Key difference in the decision-making process: HCSF vs. UK FPC