IJBF FRENCH BANKS AMID THE GLOBAL FINANCIAL CRISIS

This paper runs the gamut of qualitative and quantitative analyses to examine the performance of French banks during 2006-2008 and the fi nancial support measures taken by the French government. French banks were not immune but proved relatively resilient to the global fi nancial crisis refl ecting their business and supervisory features. An event study of the impact of government measures on CDS, debt, and equity markets points to the reduction of credit risk and fi nancing cost as well as the redistribution of resources. With the crisis still unfolding, uncertainties remain and challenges lie ahead, calling for continued vigil ance and enhanced risk management