{
  "title": "Russian Federation: Technical Note on Stress Testing of the Banking Sector",
  "publication": "IMF Staff Country Reports, November 29, 2011",
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  "summary": "This technical note focuses on the stress testing exercise in 2010 for the financial sector assessment program based on the existing approaches of the Central Bank of Russia, as well as a separate bottom-up exercise. The tests covered broad ranges of risk factors.",
  "sections": [
    {
      "heading": "Overview of the exercise",
      "content": "- Focus: stress testing exercise in 2010 for the financial sector assessment program based on existing approaches of the Central Bank of Russia, and a separate bottom-up exercise.\n- Scope: tests covered broad ranges of risk factors.\n- Single-factor tests examined instantaneous impact of: credit, concentration, market, liquidity, and interbank contagion risks.\n- Core conclusion: the results of the stress tests suggested that the Russian banking system is, on the whole, resilient to a variety of macroeconomic and financial shocks."
    },
    {
      "heading": "Key findings and analytical points",
      "content": "- The technical note documents both top-down (Central Bank of Russia approaches) and bottom-up stress testing methodologies applied in 2010.\n- Single-factor stress tests were used to isolate instantaneous impacts from specific risk types: credit risk; concentration risk; market risk; liquidity risk; interbank contagion risk.\n- Overall system resilience was observed across the range of macroeconomic and financial shocks considered in the exercise."
    },
    {
      "heading": "Risk factors and metrics emphasized",
      "content": "- Credit risk (including restructured loan considerations).\n- Concentration risk (bank asset and capital-base concentration).\n- Market risk (foreign exchange, interest rate, mark-to-market loss).\n- Liquidity risk (liquidity stress channels and funding conditions).\n- Interbank contagion risk (counterparty exposures and non-resident bank linkages).\n- Other technical terms and metrics referenced: bank assets, banks Rub, Capital adequacy requirements, capital base, central bank, Correspondent banking, CR, ISCR, Loans, Stress testing."
    },
    {
      "heading": "Publication and document identifiers",
      "content": "- Publication date: November 29, 2011\n- Pages: 44\n- Volume: 2011\n- Issue: 334\n- Series: Country Report No. 2011/334\n- DOI: https://doi.org/10.5089/9781463925901.002\n- ISBN: 9781463925901\n- ISSN: 1934-7685\n- Stock No: 1RUSEA2011005\n\nInternational Monetary Fund. \"Russian Federation: Technical Note on Stress Testing of the Banking Sector\", IMF Staff Country Reports 2011, 334 (2011).\n\n---\n\n Content in this bundle\n\n- cr11334\n  - cr11334 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11334 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 29, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463925901.002",
    "Focus: stress testing exercise in 2010 for the financial sector assessment program based on existing approaches of the Central Bank of Russia, and a separate bottom-up exercise.",
    "Scope: tests covered broad ranges of risk factors.",
    "Single-factor tests examined instantaneous impact of: credit, concentration, market, liquidity, and interbank contagion risks.",
    "Core conclusion: the results of the stress tests suggested that the Russian banking system is, on the whole, resilient to a variety of macroeconomic and financial shocks.",
    "The technical note documents both top-down (Central Bank of Russia approaches) and bottom-up stress testing methodologies applied in 2010.",
    "Single-factor stress tests were used to isolate instantaneous impacts from specific risk types: credit risk; concentration risk; market risk; liquidity risk; interbank contagion risk.",
    "Overall system resilience was observed across the range of macroeconomic and financial shocks considered in the exercise.",
    "Concentration risk (bank asset and capital-base concentration).",
    "Market risk (foreign exchange, interest rate, mark-to-market loss).",
    "Liquidity risk (liquidity stress channels and funding conditions).",
    "Interbank contagion risk (counterparty exposures and non-resident bank linkages).",
    "Other technical terms and metrics referenced: bank assets, banks Rub, Capital adequacy requirements, capital base, central bank, Correspondent banking, CR, ISCR, Loans, Stress testing.",
    "Publication date: November 29, 2011",
    "Pages: 44",
    "Volume: 2011",
    "Issue: 334",
    "Series: Country Report No. 2011/334",
    "DOI: https://doi.org/10.5089/9781463925901.002",
    "ISBN: 9781463925901",
    "ISSN: 1934-7685",
    "Stock No: 1RUSEA2011005",
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