United Kingdom : Financial Sector Assessment Program-Systemic Risk and Interconnectedness Analysis-Technical Note

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

June 17, 2016

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper summarizes the assessment of interconnectedness and systemic risk undertaken for the U.K. financial system as part of the Financial Sector Assessment Program. It consists of three parts, focusing on the following: (1) motivation for monitoring cross-sector interconnectedness as part of the financial system’s resilience assessment, (2) description of selected empirical methods that may be employed to analyze interconnectedness, and (3) an illustrative analysis conducted, based on a definition of the financial system that incorporates U.K. banking and life insurance sectors. The assessment of financial system resilience should account for the evolution of interconnectedness between firms and sectors.

Series:

Country Report No. 16/164

Subject:

English

Publication Date:

June 17, 2016

ISBN/ISSN:

9781484394281/1934-7685

Stock No:

1GBREA2016012

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

21

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