United Kingdom Financial Sector Assessment Program-The Bank of England’s Stress Testing Framework-Technical Note

This paper discusses the Bank of England’s (BoE’s) stress testing program, including both the concurrent stress test and the stress testing done by the banks through the Internal Capital Adequacy Assessment Process, though with a clear focus on the former. The stress test is meant to generate inform...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a United Kingdom 
653 |a Finance, Public 
653 |a Depository Institutions 
653 |a Public Administration 
653 |a Asset requirements 
653 |a Capital adequacy requirements 
653 |a Banks 
653 |a Finance 
653 |a Financial sector stability 
653 |a Banks and banking 
653 |a Financial statements 
653 |a Financial sector policy and analysis 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Micro Finance Institutions 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Financial risk management 
653 |a Accounting 
653 |a Banks and Banking 
653 |a Public Sector Accounting and Audits 
653 |a Financial services industry 
653 |a Financial regulation and supervision 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Financial reporting, financial statements 
653 |a Financial services law & regulation 
653 |a Finance: General 
653 |a Countercyclical capital buffers 
653 |a Stress testing 
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520 |a This paper discusses the Bank of England’s (BoE’s) stress testing program, including both the concurrent stress test and the stress testing done by the banks through the Internal Capital Adequacy Assessment Process, though with a clear focus on the former. The stress test is meant to generate information on potential vulnerabilities of the system to emerging and growing risks, both financial and in the real economy. The main purpose of the stress testing framework is to provide a forward-looking, quantitative assessment of capital adequacy of the U.K. banking system as a whole, and individual institutions within it. The stress-testing program is evaluated along five dimensions: scope of coverage, scenario design, analytical infrastructure, disclosure, and governance