High-Level Summary Technical Assistance Reports

Union of Comoros: Operationalization of the Revised Law on the Resolution of Financial Institutions

By David Blache, Anna Belianska, Thibault Godbillon

May 23, 2025

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

Preview Citation

Format: Chicago

David Blache, Anna Belianska, and Thibault Godbillon. "Union of Comoros: Operationalization of the Revised Law on the Resolution of Financial Institutions", High-Level Summary Technical Assistance Reports 2025, 020 (2025), accessed May 30, 2025, https://doi.org/10.5089/9798229011983.029

Export Citation

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

Summary

In August-September 2024, the IMF's Monetary and Capital Markets Department assisted the Central Bank of Comoros (BCC) in operationalizing a special resolution regime under the Law on the Recovery and Resolution of Financial Institutions (LRIF). The technical assistance focused on enhancing the BCC's capacity for bank restructuring and resolution, including on resolution tool and funding mechanism, and depositor preference. Despite progress in legal framework development, challenges persist, in particular due to the underdeveloped financial safety net and the absence of liquidity support mechanisms. Recommendations emphasize prioritizing suitable resolution tools, strengthening the liquidity assistance framework and establishing a resolution funding mechanism to enhance financial stability in Comoros.

Subject: Bank resolution, Bank resolution framework, Bridge bank, Capital markets, Crisis resolution, Financial crises, Financial markets, Financial safety nets, Special resolution regime

Keywords: Bank resolution, Bank resolution framework, Bridge bank, Capital markets, Crisis resolution, Depositor preference, Financial safety net, Financial safety nets, Lender of last resort, Liquidity, Resolution framework, Resolution funding, Resolution manual, Resolution planning, Special resolution regime

Publication Details

You May Also Be Interested In...

Europe’s National-Level Structural Reform Priorities

May 29, 2025

New Zealand: Selected Issues

May 26, 2025

Union of Comoros: Technical Assistance Report-Operationalization of the Revised Law on the Resolution of Financial Institutions

May 23, 2025

Do Industrial Policies Increase Trade Competitiveness?

May 23, 2025