EXECUTIVE SUMMARY Economic and financial activity in Bosnia and Herzegovina (BiH) remains stuck in a low gear since the global financial crisis, reflecting weak external demand, tighter funding conditions, and deep seated structural issues. A high system-wide NPL ratio—14 percent at end-2014,...

EXECUTIVE SUMMARY Welcome steps have been taken in strengthening the financial system. The Financial Stability Oversight Council (FSOC) now provides a useful forum for coordination; the regulatory perimeter has expanded; information sharing among agencies has improved; supervisory stress testing is...

This Technical Note on Stress Testing the Banking, Insurance, and Pension Sectors on Denmark discusses that since the beginning of the global financial crisis, Danish banks have substantially increased their capital buffers. The banks' capital buffers provide for substantial loss absorbing...

This technical note discusses significance of macroprudential policies for Denmark. Macroprudential policy seeks to contain the buildup of macrofinancial imbalances associated with credit booms and asset price bubbles, a function which is particularly important in Denmark, where the space for...

This paper discusses findings of the Financial System Stability Assessment for Georgia. Georgia has weathered several shocks, but still faces a number of important risks. The economy has withstood well the conflict with Russia, the global financial crisis, and domestic political uncertainty....

Korea experienced significant financial distress in the late 1990s along with some of its Asian neighbors. The authorities' experience in handling this crisis and the experience in handling the fallout from the global financial crisis in 2007�08 helped them establish a broad crisis management...

The financial stability assessment under the Financial Sector Assessment Program (FSAP) for Korea was carried out in close collaboration with the authorities. The assessment included top-down (TD) and bottom-up (BU) stress testing of Korea's commercial banks and certain non-bank depository...