Belgium: Technical Note on Stress Testing the Banking and Insurance Sectors

May 24, 2013

Preview Citation

Format: Chicago

Belgium: Technical Note on Stress Testing the Banking and Insurance Sectors, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

The Belgium Financial Sector Assessment Program (FSAP) stress testing exercise examines a financial sector that remains in a state of transformation. Domestic economic challenges remain sources of continued uncertainty as the banking sector consolidates and reduces funding risks. Insurers face challenges from adverse economic and business conditions. Solvency and funding shocks under different macroeconomic scenarios were assessed. Both banking and insurance tests underscore the importance of sovereign risk for financial stability. The implementation of stress tests needs to be closely aligned with the resolution and recovery planning.

Subject: Banking, Basel III, Financial regulation and supervision, Financial sector policy and analysis, Liquidity requirements, Solvency, Solvency stress testing, Stress testing

Keywords: Balance sheet, Banking sector, Basel III, BNP Paribas, Capital ratio, Central bank, CR, Credit risk, Europe, Financial asset, Financial market, Hurdle rate, Interest rate, ISCR, Liquidity requirements, Liquidity risk, Real GDP, Solvency, Solvency stress testing, Sovereign bond, Stress testing

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/137
Stock No:

1BELEA2013007
ISBN:

9781484381069
ISSN:

1934-7685

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