Belgium: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing

December 8, 2023

Preview Citation

Format: Chicago

Belgium: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing, (USA: International Monetary Fund, 2023) accessed September 26, 2024

Summary

The financial sector has remained resilient to a series of shocks and is well capitalized and profitable, but risks remain. Bank profitability and capital have surpassed pre-pandemic levels. Liquidity buffers remain strong and banks’ direct exposures to Russia are limited. The insurance and investment funds sectors have also weathered the pandemic well. There is limited evidence of credit or asset price booms over the past decade. However, inflationary pressures, partly the result of spillovers from Russia’s war on Ukraine, and a rapid tightening of financial conditions have weakened activity and reined in credit demand. Among high uncertainty, GDP growth is projected to slow in 2023, before returning to potential over the medium-term.

Subject: Financial institutions, Financial sector policy and analysis, Insurance companies, International organization, Monetary policy, Mutual funds, Solvency, Solvency stress testing, Stress testing

Keywords: Global, H. sensitivity analysis, Insurance companies, Market interconnectedness flowchart, Market interconnectedness Results, Mutual funds, Net interest income, Regressions output, Risk projection, Sensitivity analysis result, Solvency, Solvency capital requirement, Solvency stress testing, Stress testing

Publication Details

Pages:

116
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/393
Stock No:

1BELEA2023011
ISBN:

9798400262456
ISSN:

1934-7685

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