## United Kingdom: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment Report

_IMF Staff Country Reports, June 17, 2016_

## Source details

**Canonical URL:** [United Kingdom: Financial Sector Assessment Program-Basel Core Principles for Effective Banking Supervision-Detailed Assessment Report](https://www.imf.org/en/publications/cr/issues/2016/12/31/united-kingdom-financial-sector-assessment-program-basel-core-principles-for-effective-43977)

## Other formats

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## Bibliographic details
- Published: June 17, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484394885.002

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### Assessment scope and context
- Provides detailed assessment of observance on the Basel Core Principles for Effective Banking Supervision.
- The current assessment took place during a period of continuing development and transition.
- Assessment is based on the assessors’ understanding of the current state of the supervisory approach and incorporates, where relevant, the available information about changes expected in the near future.

### Role and findings on stress testing
- Stress testing has become a critical supervisory tool that encourages firms and supervisors to adopt a more forward-looking view on:
  - the strength of firms’ balance sheets, and
  - resilience to shocks.
- The emphasis on stress testing has encouraged firms to strengthen their internal analytical and risk-management capabilities.

### Thematic coverage (subjects and keywords)
- Subjects covered:
  - Banking
  - Credit risk
  - Financial regulation and supervision
  - Financial sector policy and analysis
  - Financial services
  - Market risk
  - Operational risk
  - Stress testing
- Keywords:
  - beneficial owner
  - business strategy
  - CR
  - credit risk
  - Credit risk
  - Global
  - holding company
  - ISCR
  - Market risk
  - Operational risk
  - private company
  - risk appetite
  - risk management
  - risk profile
  - Stress testing

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## Content in this bundle

- **Cr16166**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/united-kingdom-financial-sector-assessment-program-basel-core-principles-for-effective-43977_