Guernsey: Financial Sector Assessment Program Update-Technical Note on Stress Testing: Banking and Insurance
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Summary:
Stress testing (ST) was undertaken as part of the Guernsey Financial sector assessment Program (FSAP) Update in order to assess the resilience of the Guernsey financial system to a variety of potential strains. The approach taken was a simulation of the effect of a potential double-dip recession on solvency of Guernsey banks and insurance companies. The STs assess the sensitivity of banks and insurance companies to single-factor shocks to risk types affecting solvency and liquidity position of institutions. The mission recommends that future STs should be risk-based and that macroprudential analysis should be run on a regular basis.
Series:
Country Report No. 2011/004
Subject:
Banking Credit risk Financial regulation and supervision Financial sector policy and analysis Financial services Market risk Operational risk Stress testing Yield curve
English
Publication Date:
January 14, 2011
ISBN/ISSN:
9781455213733/1934-7685
Stock No:
1GGYEA2011004
Pages:
36
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