Guernsey: Financial Sector Assessment Program Update-Technical Note on Stress Testing: Banking and Insurance

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Volume/Issue: Volume 2011 Issue 004
Publication date: January 2011
ISBN: 9781455213733
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , ISCR , CR , interest rate , parent bank , asset price risk , mortgage loan , yield curve , risk type , No , bank , liquidity risk , concentration risk analysis , test result , liquidity risk test sample , persistency risk , market risk test , return on equity , Credit risk , Market risk , Stress testing , Operational risk , Yield curve , North America , Global

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Summary

Stress testing (ST) was undertaken as part of the Guernsey Financial sector assessment Program (FSAP) Update in order to assess the resilience of the Guernsey financial system to a variety of potential strains. The approach taken was a simulation of the effect of a potential double-dip recession on solvency of Guernsey banks and insurance companies. The STs assess the sensitivity of banks and insurance companies to single-factor shocks to risk types affecting solvency and liquidity position of institutions. The mission recommends that future STs should be risk-based and that macroprudential analysis should be run on a regular basis.

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