United Kingdom: Financial Sector Assessment Program-Systemic Stress, and Climate-Related Financial Risks: Implications for Balance Sheet Resilience
IMF Staff Country Reports, April 8, 2022
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- United Kingdom: Financial Sector Assessment Program-Systemic Stress, and Climate-Related Financial Risks: Implications for Balance Sheet Resilience
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Bibliographic details
- Published: April 8, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400206504.002
Context and Overview
- 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.
- 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.
Major Themes and Analytical Focus
- Pandemic “scarring” of balance sheets across institutional sectors:
- Banks
- Insurers
- Corporates
- Households
- Interaction between macro-financial conditions, structural conditions, and financial vulnerabilities.
- Systemic stress assessment and climate-related financial risks as they pertain to balance sheet resilience.
Key Subjects and Keywords
- Subjects:
- 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
Content in this bundle
- Executive Summary and Recommendations