In light of a resurgence of "advance fee fraud schemes" misusing the World Bank Group’s name, the institution is warning against investment deals and advance fee schemes that fraudulently invoke the institution’s name or claim to be affiliated with the World Bank Group. Like many large organizations, we have seen increased use of sophisticated forms and letterhead that appear to be legitimate World Bank Group email correspondence or certificates. The World Bank’s name can be falsely invoked to give the...

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Important institutional and policy changes have taken place since the 2012 FSAP. At the national level, the authorities have strengthened the macroprudential framework by establishing the High Council for Financial Stability (HCSF), enhanced monitoring of financial stability risks, prepared to manage the Brexit fall-out, introduced macroprudential measures, and taken various financial reform measures included in Loi PACTE—Action Plan for Business Growth and Transformation—and initiatives on digital finance, crypto-assets, green finance, and combating cyber risk. At the European level, significant...

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