Spain: Financial Sector Assessment Program: Technical Note: Stress Testing Methodology and Results
June 14, 2006
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This report presents a description of the stress test exercises for Spain’s banking and insurance systems. The exercises were carried out in the context of the Financial Sector Assessment Program with the aim of assessing the resilience of the financial system to key risks. It describes the coverage of the exercises, the risks considered, the magnitude of the shocks to the risk factors, the models and instruments, and the results. It presents the stress test methodology and also the stress tests for the banking system and insurance.
Subject: Credit, Credit risk, Financial regulation and supervision, Financial sector policy and analysis, Housing prices, Market risk, Money, Prices, Stress testing
Keywords: CR, Credit, credit institution, credit risk, Credit risk, discount rate, equity price risk, Europe, Global, house price, Housing prices, interest rate risk, ISCR, lapse risk persistency risk, Market risk, regulatory capital, sensitivity analysis, Stress testing, U.S. dollar
Pages:
48
Volume:
2006
DOI:
Issue:
216
Series:
Country Report No. 2006/216
Stock No:
1ESPEA2006007
ISBN:
9781451812190
ISSN:
1934-7685
