## Germany: Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes

_IMF Staff Country Reports, June 29, 2016_

## Source details

**Canonical URL:** [Germany: Financial Sector Assessment Program-Stress Testing the Banking and Insurance Sectors-Technical Notes](https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-stress-testing-the-banking-and-insurance-sectors-44015)

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## Bibliographic details
- Published: June 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475564549.002

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### 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-stress-testing-the-banking-and-insurance-sectors-44015_