02185cas a2200241 a 4500 AALejournalIMF016005 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513517810 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. France : Financial Sector Assessment Program-Technical Note-Select Topics in Financial Supervision and Oversight. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This technical note on select issues examines different aspects of supervision and oversight in the French financial system. This chapter focuses on the regulatory requirements and supervisory practices that are most relevant to financial stability. In response to Single Supervisory Mechanism initiatives, the French Prudential Supervision and Resolution Authority (ACPR) has sharpened its focus on governance issues, although business model and profitability risk remains the main challenge for the Less Significant Institutions (LSI) sector. The SSM's commitment to consistent high supervisory standards has shaped the ACPR's supervisory approach to LSIs in other important ways. Business model and profitability risk remains the main challenge for the LSI sector in France. As noted, earnings have been under pressure due to the persistent low interest rate environment and stiff competition within the banking sector. Similarly, the ACPR's assessment is that liquidity risk does not pose significant issues for the LSI sector in France. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/325 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/325/002.2019.issue-325-en.xml IMF e-Library