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The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
Persistent link: https://www.econbiz.de/10013168903
The pandemic dealt a severe blow to the Italian people and their economy. GDP fell by nearly 9 percent in 2020, with much larger drops for contact-intensive services. Public and corporate debt increased strongly and preexisting vulnerabilities have likely worsened. The government is prioritizing...
Persistent link: https://www.econbiz.de/10012604038
Hong Kong SAR (HKSAR) is a small and open economy, and a major international financial center with extensive linkages to Mainland China. Over the past two years, Hong Kong SAR's economy and financial sector were adversely impacted by domestic social unrest, US-China tensions, and the global...
Persistent link: https://www.econbiz.de/10012604066
Persistent link: https://www.econbiz.de/10012604213
This Technical Note discusses the results of stress testing of Finland's banking system. Despite high capitalization … levels, there are important vulnerabilities in the Finnish banking system. Near-term risks are largely tilted to the downside …
Persistent link: https://www.econbiz.de/10011690695
liquidity stress test. The financial system in Montenegro is dominated by the banking sector. By the end of 2014, 12 licensed … banks operated in Montenegro, with total banking sector assets amounting to 3.1 billion euros or 88 percent of total … financial system assets and 92 percent of GDP. The stress-testing exercise is aimed to test the banking system's resilience to …
Persistent link: https://www.econbiz.de/10011675437
Persistent link: https://www.econbiz.de/10013263988
This paper summarizes recent developments in the relationships between the IMF, member countries, and commercial banks, with specific reference to five European countries. The paper also highlights that Better assessment of trends in the market and of the attitude of commercial banks toward...
Persistent link: https://www.econbiz.de/10014405248