Isle of Man: Financial Sector Assessment Program Update: Technical Note: Stress Testing: Banking and Insurance

Volume/Issue: Volume 2009 Issue 279
Publication date: September 2009
ISBN: 9781451818505
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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 , bank , risk , solvency , asset , banking sector , market risk shock , interest rate risk test , liquidity risk , market-risk shock , risk weight , market risk stress tests , persistency risk , applicable asset risk weight , price Risk , market-risk stress test finding , asset price test , stress test finding , Stress testing , Insurance companies , Market risk , Commercial banks , Europe , Global

Summary

This technical note presents stress testing of banking and insurance on the Isle of Man (IOM). The stress tests for the IOM Financial Sector Assessment Program Update have been designed to yield as comprehensive and detailed a picture as possible within the constraints of the approach and available data. Stress tests have been performed both by individual institutions based on the parameters and scenarios agreed between the authorities and IMF staff, and, at an aggregate level and in many instances, by the authorities themselves.