Showing 1 - 10 of 29
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
This Technical Note assesses the state of crisis preparedness and safety net in Romania. The bank resolution and crisis management toolkit has been significantly revamped since the last Financial Sector Assessment Program. The implementation of the Bank Resolution and Recovery Directive in...
Persistent link: https://www.econbiz.de/10011913092
This Technical Assistance Report discusses measures needed to strengthen bank resolution and crisis management framework in Mauritius. The current legal framework in Mauritius does not provide the supervisor with adequate triggers and powers to mitigate risks at a sufficiently early stage. The...
Persistent link: https://www.econbiz.de/10011913159
The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR),...
Persistent link: https://www.econbiz.de/10011916091
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
This Technical Note discusses the findings and recommendations made in the Financial Sector Assessment Program for the Russian Federation in the areas of bank resolution and a crisis management framework. The findings reveal that the experiences of past financial crises have strengthened the...
Persistent link: https://www.econbiz.de/10011689343