Republic of Moldova: Financial Sector Assessment Program-Bank Crisis Resolution-Stress Testing
IMF Staff Country Reports, February 29, 2016
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- Republic of Moldova: Financial Sector Assessment Program-Bank Crisis Resolution-Stress Testing
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Bibliographic details
- Published: February 29, 2016
- Series: IMF Staff Country Reports
Objective and scope
- Objective: assess the resilience of the banking system to major sources of risk as part of the 2014 Financial Sector Assessment Program (FSAP) Update.
- Coverage: the stress tests focused on the banking system and covered all 14 banks operating in the country.
- Collaboration: conducted in collaboration with the National Bank of Moldova (NBM).
- Complementarity: stress testing complemented other approaches, including analysis of financial indicators and assessment of the quality of supervision.
Methodology
- Top-down solvency stress tests:
- Conducted jointly by the FSAP team and staff from NBM.
- Used supervisory data.
- Bottom-up stress tests:
- Conducted by individual banks using their own internal models.
- Applied to the macroeconomic scenarios provided by the FSAP team.
- Liquidity analysis:
- Liquidity stress tests were carried out on all banks in the system.
- Complementary sensitivity analysis was also performed for liquidity assessment.
Thematic focus and risks addressed
- Primary themes: Banking, Commercial banks, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Liquidity stress testing, Market risk, Stress testing.
- Keywords reflecting risk and analytical dimensions:
- assets maturing, balance sheet, banking system, banks default, banks in the system, banks' FX liquidity stance, banks' liquidity position, central bank, Commercial banks, CR, Credit risk, FX liquidity positions of the bank, FX liquidity requirement, FX loans maturing, Global, interest rate, ISCR, liquidity position, liquidity shortfall, Liquidity stress testing, liquidity stress tests, loan book, Market risk, Stress testing.
Content in this bundle
- _cr1674 — Executive Summary and Stress Test Results