Germany Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes

This paper assesses Germany’s financial system and, in particular, its potential for spillover risk. The analysis comprises structural and financial statement analyses, detailed stress tests for banks and insurance companies, and spillover risk analysis. Solvency and liquidity stress tests cover all...

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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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245 0 0 |a Germany  |b Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 64 pages 
651 4 |a Germany 
653 |a Insurance companies 
653 |a Depository Institutions 
653 |a Institutional Investors 
653 |a Commercial banks 
653 |a Pension Funds 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial sector policy and analysis 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a Financial Instruments 
653 |a Micro Finance Institutions 
653 |a Debt 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Non-bank Financial Institutions 
653 |a Solvency 
653 |a Financial risk management 
653 |a Banks and Banking 
653 |a Liquidation 
653 |a Banking 
653 |a Actuarial Studies 
653 |a Finance: General 
653 |a Insurance Companies 
653 |a Insurance 
653 |a Stress testing 
653 |a Insurance & actuarial studies 
710 2 |a International Monetary Fund  |b Monetary and Capital Markets Department 
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490 0 |a IMF Staff Country Reports 
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520 |a This paper assesses Germany’s financial system and, in particular, its potential for spillover risk. The analysis comprises structural and financial statement analyses, detailed stress tests for banks and insurance companies, and spillover risk analysis. Solvency and liquidity stress tests cover all 1,776 banks operating in Germany, and insurance-sector analysis covers 93 percent of the life insurance sector in terms of the assets. Germany is highly interconnected through trade and financial channels. The total consolidated claims of German banks on foreign banks, nonbank private sector, and public sector stood at about $1.7 trillion in the second quarter of 2015, with the majority of cross-border exposures vis-à-vis France, Italy, the United Kingdom, and the United States