Germany: Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes
IMF Staff Country Reports, June 29, 2016
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Bibliographic details
- Published: June 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475564549.002
Summary
- This paper assesses Germany’s financial system and, in particular, its potential for spillover risk.
- The analysis comprises structural and financial statement analyses, detailed stress tests for banks and insurance companies, and spillover risk analysis.
- Solvency and liquidity stress tests cover all 1,776 banks operating in Germany.
- Insurance-sector analysis covers 93 percent of the life insurance sector in terms of the assets.
- Germany is highly interconnected through trade and financial channels.
Scope and Coverage
- Solvency and liquidity stress tests: all 1,776 banks operating in Germany.
- Insurance-sector analysis: covers 93 percent of the life insurance sector in terms of the assets.
- The analysis includes structural analysis, financial statement analysis, detailed stress tests, and spillover risk analysis.
Key Statistics and Findings
- The total consolidated claims of German banks on foreign banks, nonbank private sector, and public sector stood at about $1.7 trillion in the second quarter of 2015.
- The majority of cross-border exposures are vis-à-vis France, Italy, the United Kingdom, and the United States.
- Publication length: 64 pages.
- Volume: 2016.
- Issue: 191.
- Series: Country Report No. 2016/191.
- DOI: https://doi.org/10.5089/9781475564549.002
- Stock No: 1DEUEA2016003
- ISBN: 9781475564549
- ISSN: 1934-7685
Subject Areas and Keywords
- Subject: Banking, Commercial banks, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, Solvency, Stress testing
- Keywords: asset quality, banking sector, Commercial banks, coverage ratio, CR, fixed income, Global, hurdle rate, Insurance, Insurance companies, ISCR, mortgage bank, Solvency, Stress testing, valuation loss
International Monetary Fund. Monetary and Capital Markets Department "Germany: Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes", IMF Staff Country Reports 2016, 191 (2016).