Technical Assistance Reports

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

May 23, 2025

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Union of Comoros: Technical Assistance Report-Operationalization of the Revised Law on the Resolution of Financial Institutions", Technical Assistance Reports 2025, 058 (2025), accessed May 31, 2025, https://doi.org/10.5089/9798229012041.019

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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 framework, Bridge bank, Crisis resolution, Financial crises

Keywords: Bank resolution framework, Bridge bank, Crisis resolution, Depositor preference, Financial safety net, Resolution framework, Resolution funding, Resolution manual, Resolution planning, Union of Comoros.

Publication Details

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