IMF Staff Country Reports

United Kingdom: Financial Sector Assessment Program-Systemic Stress, and Climate-Related Financial Risks: Implications for Balance Sheet Resilience

April 8, 2022

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "United Kingdom: Financial Sector Assessment Program-Systemic Stress, and Climate-Related Financial Risks: Implications for Balance Sheet Resilience", IMF Staff Country Reports 2022, 102 (2022), accessed 12/16/2025, https://doi.org/10.5089/9798400206504.002

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Summary

The FSAP started in an important macro-financial phase right after the second Covid wave and a third lockdown. The balance sheet resilience of major institutional sectors was at the center of policy considerations. Against this backdrop, the FSAP analyzed the pandemic’s potential “scarring” of banks, insurers, corporates, and households balance sheets, focusing on the interplay of macro-financial/structural conditions and financial vulnerabilities.

Subject: Credit, Financial institutions, Financial sector policy and analysis, Insurance, Insurance companies, International organization, Monetary policy, Money, Mortgages, Stress testing

Keywords: bank solvency stress test result, Credit, D. solvency stress tests result, fair value, feedback effect, Global, Insurance, Insurance companies, Macroprudential solvency stress tests, Mortgages, resolvability Assessment framework, Stress testing