United Kingdom: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment Report
IMF Staff Country Reports, June 17, 2016
Source details
- Canonical URL
- United Kingdom: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment Report
Other formats
Bibliographic details
- Published: June 17, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484394885.002
Assessment scope and context
- Provides detailed assessment of observance on the Basel Core Principles for Effective Banking Supervision.
- The current assessment took place during a period of continuing development and transition.
- Assessment is based on the assessors’ understanding of the current state of the supervisory approach and incorporates, where relevant, the available information about changes expected in the near future.
Role and findings on stress testing
- Stress testing has become a critical supervisory tool that encourages firms and supervisors to adopt a more forward-looking view on:
- the strength of firms’ balance sheets, and
- resilience to shocks.
- The emphasis on stress testing has encouraged firms to strengthen their internal analytical and risk-management capabilities.
Thematic coverage (subjects and keywords)
- Subjects covered:
- Banking
- Credit risk
- Financial regulation and supervision
- Financial sector policy and analysis
- Financial services
- Market risk
- Operational risk
- Stress testing
- Keywords:
- beneficial owner
- business strategy
- CR
- credit risk
- Credit risk
- Global
- holding company
- ISCR
- Market risk
- Operational risk
- private company
- risk appetite
- risk management
- risk profile
- Stress testing