Russian Federation: Financial Sector Assessment Program: Technical Note-Stress Testing

September 22, 2016

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Format: Chicago

Russian Federation: Financial Sector Assessment Program: Technical Note-Stress Testing, (USA: International Monetary Fund, 2016) accessed December 3, 2024

Summary

This Technical Note discusses the results of the stress testing carried out as part of the 2016 Financial Sector Assessment Program for the Russian Federation. The stress tests focused on banks, reflecting the structure of the Russian financial sector, which is relatively small and bank dominated. The results showed that the banking system is likely to need additional capital. Even in the baseline scenario, certain banks will need new capital owing to low profitability and increasing credit losses. The required resources are higher in the stress scenarios, but remain manageable. If public funds are needed for recapitalization, there is sufficient fiscal space, provided that fiscal policy remains prudent.

Subject: Banking, Capital adequacy requirements, Correspondent banking, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Financial services, Loans, Market risk, Stress testing

Keywords: Asset, Asset growth, Asset projection, Asset quality, Asset quality adjustment, Bank, Bank concentration, Banking assets, Banking sector assets, Banks' asset portfolio, Bottom-up result, Capital adequacy requirements, Capital deficit, Correspondent banking, CR, Cross-border bank exposure, Global, Impairment charge, ISCR, Loan, Loans, Market risk, Stress testing, System assets

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/306
Stock No:

1RUSEA2016009
ISBN:

9781475538441
ISSN:

1934-7685

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