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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
Persistent link: https://www.econbiz.de/10012107581
This technical note on Austria focuses on bank resolution and crisis management. This note assesses and makes recommendations regarding bank resolution and crisis management arrangements. The scope of the assessment includes the institutional arrangements for recovery, resolution, and crisis...
Persistent link: https://www.econbiz.de/10012178762
This technical note analyzes laws, policies, and procedures for bank failure mitigation and resolution, and for preparation and management of a financial crisis in Malta. It addresses the supervision of bank recovery plans, early intervention when problems are identified, resolution planning,...
Persistent link: https://www.econbiz.de/10012153849
This paper analyzes the crisis preparedness and crisis management frameworks for German banks. Banks dominate German financial system and represent one of the largest small- and medium-sized banking segments in the EU. The banking sector is a three-pillar system with a total of nearly 1,800...
Persistent link: https://www.econbiz.de/10011675499
This Technical Assistance report makes recommendations regarding introduction of an effective framework for contingency planning and crisis management, including bank resolution and deposit guarantees, in Slovenia. It is recommended that a communication plan and strategy be developed, both...
Persistent link: https://www.econbiz.de/10011689143