What is financial stability?
Ensuring financial stability means maintaining a robust financial system where payments, banks and insurers function efficiently in all circumstances, including in periods of crisis. To this end, the financial system is subject to regulation and oversight by public authorities, which has been reinforced since the 2008 crisis.
Monitoring financial stability is one of the founding tasks of a central bank, and hence of the Banque de France. Since 2013 and the introduction of the Law on the Separation and Regulation of Banking Activities, the Bank has been assisted in this task by the Haut Conseil de Stabilité Financière (HCSF – High Council for Financial Stability).