United States: Financial Sector Assessment Program-Financial System Stability Assessment

July 7, 2015

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Format: Chicago

United States: Financial Sector Assessment Program-Financial System Stability Assessment, (USA: International Monetary Fund, 2015) accessed December 3, 2024

Summary

This paper discusses the results of the Financial System Stability Assessment on the United States made under the Financial Sector Assessment Program. It is found that welcome steps have been taken in strengthening the financial system. The Financial Stability Oversight Council now provides a useful forum for coordination, the regulatory perimeter has expanded, information sharing among agencies has improved, supervisory stress testing is leading changes in risk measurement and management, and new resolution powers have been established. However, new pockets of vulnerabilities have emerged, partly in response to the continuing search for yield. This requires a continuing focus on strengthening the micro and macroprudential framework.

Subject: Banking, Financial crises, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Stress testing, Systemic risk

Keywords: Asset, Asset manager, Bank, CR, Credit risk, Financial crisis, Global, Insurance, Insurance companies, Interest rate, Interest rate risk, ISCR, Lender of last resort, Low-for-long interest rates environment, Market, Market liquidity, Private sector, Return on assets, Stress testing, Student loan, Systemic risk, Yield

Publication Details

Pages:

111
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/170
Stock No:

1USAEA2015006
ISBN:

9781513592787
ISSN:

1934-7685

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