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Bank Regulatory Structure: France

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Report Type Reports and Testimonies
Report Date Aug. 31, 1995
Report No. GGD-95-152
Subject
Summary:

Proposals to consolidate U.S. bank regulatory agencies have raised questions about how other countries structure and carry out their various bank regulation and supervision and central bank activities. As part of a congressional request that GAO examine such activities in several countries, this report provides information on France, where jurisdiction over the authorization, regulation, and supervision of banks is divided among three different but interrelated regulatory bodies called committees. GAO describes (1) the French bank regulatory and supervisory structure and its key participants; (2) how that structure functions, particularly with respect to bank authorization, regulation, and supervision; (3) how banks are examined in France; and (4) how the central bank handles other bank-related responsibilities.

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