sheets. Banking is characterized by high real interest rates, large spreads, and a limited appetite for lending. Stress tests … indicate that the banking system is relatively resilient to the direct effects of individual shocks, with credit risk having …

other institutions insofar as they oversee investment service providers, markets, and clearing and settlement systems, and …

Region (SAR), including Reports on the Observance of Standards and Codes on Banking Supervision, Securities Regulation … framework. The banking system is sufficiently well capitalized and profitable to be able to withstand the more likely … macroeconomic shocks, although some pressures on bank profits are emerging. …

bank reserves, this limitation would require changes in the central bank operational target and a closer coordination of …

recommendations of the 2004 FSAP. Many improvements have been made to bank and securities supervision. The banking sector as a whole …

Effective Banking Supervision, the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically …

growth and major risks included in macroeconomic stability are analyzed. In the case of the banking sector, the structure …

Finanzdienstleistungsaufsicht (BaFin) and the Bundesbank have closely coordinated with the interagency risk committee on banking matters, which also … banking, financial stability, markets, and payment issues. The German authorities have moved to a comprehensive approach in …