Showing 1 - 10 of 11
This paper discusses how Financial Sector Assessment Program (FSAP) stress test assesses the resilience of the banking … essentially macroprudential: it focuses on resilience of the broader financial system to adverse macro-financial conditions rather … than on resilience of individual banks to specific shocks. This test ensures consistency in macroeconomic scenarios and …
Persistent link: https://www.econbiz.de/10011675327
for monitoring cross-sector interconnectedness as part of the financial system's resilience assessment, (2) description of … financial system resilience should account for the evolution of interconnectedness between firms and sectors …
Persistent link: https://www.econbiz.de/10011675335
This paper discusses the Bank of England's (BoE's) stress testing program, including both the concurrent stress test and the stress testing done by the banks through the Internal Capital Adequacy Assessment Process, though with a clear focus on the former. The stress test is meant to generate...
Persistent link: https://www.econbiz.de/10011675337
Cybersecurity risk is embedded in the CBB's supervisory framework, but additional enhancements are needed to formalize guidance and develop more intensive supervisory practices. Supervisory expectations on cybersecurity are presented in an informal guidance note, which should be formalized into...
Persistent link: https://www.econbiz.de/10012302373
Norway has made substantial progress in strengthening its framework for financial crisis management and bank safety nets since the 2015 FSAP. The Norwegian authorities have implemented the EU framework. The Bank Recovery and Resolution Directive (BRRD) has been transposed into the Norwegian...
Persistent link: https://www.econbiz.de/10012302812
Guatemala has managed to keep infections and deaths moderate during the pandemic. The economic impact of COVID-19 has been mild given an early reopening of the economy, unprecedented policy support, and resilient remittances and exports. However, despite large-scale government interventions to...
Persistent link: https://www.econbiz.de/10012604057
Resilience Strategy (DRS), a comprehensive plan including policies, cost, and financing to build resilience against natural …
Persistent link: https://www.econbiz.de/10012604407
Samoa has shown resilience to past economic shocks, underpinned by the authorities' strong commitment to support the …
Persistent link: https://www.econbiz.de/10012516504
Samoa is highly exposed to natural hazards such as tropical cyclones, earthquakes, tsunamis, droughts, and floods. These damage economic growth and impact debt sustainability adversely. Increasing frequency and intensity of coastal storms are likely to amplify damage to infrastructure and...
Persistent link: https://www.econbiz.de/10013168763
at 1.7 percent of GDP. Grenada has proactively pursued resilience-building, with its Climate Change Policy and National …
Persistent link: https://www.econbiz.de/10013168774