IMF Staff Country Reports

Germany: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Monetary and Financial Policy Transparency, Payment Systems, and Securities Settlement

November 6, 2003

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Germany: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, Monetary and Financial Policy Transparency, Payment Systems, and Securities Settlement", IMF Staff Country Reports 2003, 343 (2003), accessed December 22, 2024, https://doi.org/10.5089/9781451810486.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

The German financial system is complex and highly diversified. The second most important class of financial institutions is insurance and pension companies. Germany has taken steps to enhance accounting and auditing practices and to align corporate governance with best international practices. The German banking system is resilient, but relevant indicators show some deterioration. The main vulnerability facing all sectors of the insurance industry is the pressure on capital ratios and risk-bearing capacity from the poor performance of investment portfolios. Securities regulation is of a high standard.

Subject: Banking, Commercial banks, Cooperative banks, Economic sectors, Financial institutions, Insurance, Insurance companies, Public sector

Keywords: Bank financing, Bank profitability, Banking system, Bank-issued securities, Commercial banks, Cooperative bank, Cooperative banks, CR, Credit risk, Europe, Favor bank client, Financial system, Global, Insurance, Insurance companies, ISCR, Public sector, Public sector bank

Publication Details

You May Also Be Interested In...

Industrialization and the Big Push: Theory and Evidence from South Korea

December 20, 2024

Size and Resilience of the Blue Economy in Pacific Island Economies

December 20, 2024

Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine

December 20, 2024

Islamic Republic of Mauritania: Selected Issues

December 20, 2024