United States: Financial Sector Assessment Program-Technical Note-Risk Analysis and Stress Testing the Financial Sector

August 10, 2020

Preview Citation

Format: Chicago

United States: Financial Sector Assessment Program-Technical Note-Risk Analysis and Stress Testing the Financial Sector, (USA: International Monetary Fund, 2020) accessed December 25, 2024

Summary

The U.S. financial system is very large, well-diversified, and home to numerous financial institutions which are significant at a global scale. Eight Global Systemically Important Banks (G-SIBs) are incorporated in the U.S., as well as several other large financial institutions, such as asset managers, insurers, and money market funds. Assets of the financial system amounted to about US$100 trillion at end-2019 and accounted for 500 percent of GDP. While the eight G-SIBs dominate the U.S. banking landscape, banking system assets represent only about 22 percent of total financial system assets. The systemic risk assessment (including stress testing) of this FSAP reflect the highly diversified nature of the U.S. financial system and focuses on banks, mutual and money market funds, insurance companies as well as cross-institutional and cross-sectoral linkages and exposures.

Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance companies, Loans, Mutual funds, Stress testing

Keywords: Banking sector, Central bank, Commercial banks, Consumer credit, CR, Credit card, Federal funds, Financial system, Fixed income, Global, Insurance companies, ISCR, Loans, Mortgage loan, Mutual fund, Mutual funds, Sensitivity analysis, Stress testing, Student loan, U.S. dollar

Publication Details

Pages:

197
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/247
Stock No:

1USAEA2020007
ISBN:

9781513552927
ISSN:

1934-7685

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