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

Author/Editor:

International Monetary Fund

Publication Date:

January 14, 2011

Electronic Access:

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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.

Series:

Country Report No. 11/4

Subject:

English

Publication Date:

January 14, 2011

ISBN/ISSN:

9781455213733/1934-7685

Stock No:

1GGYEA2011004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

36

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