几内亚：法定特别决议制度的实施

GUINEA Operationalization of the statutory specialresolution regime July2025 Prepared ByDavid Blache (MCM) Monetary and Capital Markets Department High-LevelSummary Technical Assistance ReportMonetary and Capital Markets Department Guinea- Operationalization of the statutory special resolution regimePrepared byDavid Blache (MCM) TheHigh-LevelSummary Technical Assistance Reportseries provides high-level summaries of theassistance provided to IMF capacity development recipients, describing the high-level objectives,findings, and recommendations. ABSTRACT:The report outlines the efforts of the International Monetary Fund (IMF) to assist the CentralBank of the Republic of Guinea (BCRG) in operationalizing a special resolution regime (SRR) for creditinstitutions. This initiative addresses the deficiencies in Guinea's financial safety net, which currently lacksa comprehensive resolution framework. The project involved enhancing staff capacity and developingresolution tools like partial sale and bridge institution. Key findings highlight the need for increasedstaffing and expertise, while recommendations focus on establishing a resolution function, draftingresolution plans, and ensuringthat resolution tools will be supportedby an adequate resolution fundingmechanism. These measures aim to strengthen Guinea's financial stability and crisis managementcapabilities. JEL Classification Numbers:G21, G28 Keywords:financial stability,crisis management,specialresolution regime,financial safety net The contents of this document constitute a high-level summary of technical advice provided by the staff ofthe International Monetary Fund (IMF) to theCentral Bank of the Republic of Guinea(the "CD recipient")in response to their request for capacity development. Unless the CD recipient specifically objects within30 business days of its transmittal, the IMF will publish this high-level summary on IMF.org (seeStaffOperational Guidance on the Dissemination of Capacity Development Information). International Monetary Fund, IMF PublicationsP.O. Box 92780, Washington, DC 20090, U.S.A.T. +(1) 202.623.7430 • F. +(1) 202.623.7201publications@IMF.orgIMF.org/pubs Background At the request of the first deputy governor of the Central Bank of the Republic of Guinea (BCRG), atechnical assistance(TA)mission from the Monetary and Capital Markets Department (MCM) worked withthe BCRG Directorate of Bank Supervision (DSB)fromJuly 16 to 23 and October1to 11, 2024,to assistthe BCRG inoperationalizing thespecial resolution regime (SRR)integrated intothedraftbanking lawprepared following Fund staff’s recommendations. The technical assistance project was initiated to address the shortcomings in the country's financial safetynet. The existing framework, limited toearly intervention as part ofbanking supervision and a depositguarantee fund, lacksa comprehensive resolution regime for credit institutions. The project aimed tooperationalize anSRR as recommended by the IMF in its 2019 Financial Sector Stability Review (FSSR).This initiative is crucial for enhancing Guinea's financial stability, particularly in the context of a low-income developing country with a shallow financial sector dominated by foreign-controlled banks. Summary of Findings TheTAfound that Guinea's current financial safety net is inadequate to address potential bank failures,primarily due to the absence of a comprehensiveSRR. TheTAalsohighlighted the need for increased staffing and expertise within the BCRG to operationalizethe SRR effectively. The BCRG requires additional personnel trained in crisis management, bankresolution, and deposit insurance,to perform new and resource-intensive activities such as draftingresolution plans and conducting resolvability assessments. Summary of Recommendations Part I of the report recommends the resolution tools and powers that the BCRG should prioritize tooperationalize the resolution regime, like partial sale and bridge institution.These tools should besupported by an adequate resolution funding mechanism.A funding mechanism with ex-post recovery ofpublic costs from the financial sector is the most appropriate form given the current situation in Guinea.The report also discusses the implementation of the liquidation power to be established by the SRR. Part II of the reportrecommendsthe establishment of a resolution function within the BCRG anddiscussesthe procedures related to this function.The BCRG should establish a separate resolutionfunction to focus on resolution activities and ensure seamless coordination with the supervisory function. Part III of the report aims to support the BCRG's efforts in drafting resolution plans for credit institutions,including the process of assessing the resolvability of each credit institution.The mission invitedtheBCRG to start drafting individual resolution plans.In the longterm, the BCRGshouldadjust the existingcooperation agreements in supervision to incorporate the crisis management and c