United Kingdom : Financial Sector Assessment Program-The Bank of England’s Stress Testing Framework-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 discusses the Bank of England’s (BoE’s) stress testing program, including both the concurrent stress test and the stress testing done by the banks through the Internal Capital Adequacy Assessment Process, though with a clear focus on the former. The stress test is meant to generate information on potential vulnerabilities of the system to emerging and growing risks, both financial and in the real economy. The main purpose of the stress testing framework is to provide a forward-looking, quantitative assessment of capital adequacy of the U.K. banking system as a whole, and individual institutions within it. The stress-testing program is evaluated along five dimensions: scope of coverage, scenario design, analytical infrastructure, disclosure, and governance.

Series:

Country Report No. 16/162

Subject:

English

Publication Date:

June 17, 2016

ISBN/ISSN:

9781475528558/1934-7685

Stock No:

1GBREA2016010

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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