{
  "title": "United Kingdom: Financial Sector Assessment Program-Systemic Stress, and Climate-Related Financial Risks: Implications for Balance Sheet Resilience",
  "publication": "IMF Staff Country Reports, April 8, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/04/07/united-kingdom-financial-sector-assessment-program-systemic-stress-and-climate-related-516264",
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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.",
  "sections": [
    {
      "heading": "Context and Overview",
      "content": "- The FSAP started in an important macro-financial phase right after the second Covid wave and a third lockdown.\n- The balance sheet resilience of major institutional sectors was at the center of policy considerations.\n- 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."
    },
    {
      "heading": "Major Themes and Analytical Focus",
      "content": "- Pandemic “scarring” of balance sheets across institutional sectors:\n  - Banks\n  - Insurers\n  - Corporates\n  - Households\n- Interaction between macro-financial conditions, structural conditions, and financial vulnerabilities.\n- Systemic stress assessment and climate-related financial risks as they pertain to balance sheet resilience."
    },
    {
      "heading": "Key Subjects and Keywords",
      "content": "- Subjects:\n  - Credit\n  - Financial institutions\n  - Financial sector policy and analysis\n  - Insurance\n  - Insurance companies\n  - International organization\n  - Monetary policy\n  - Money\n  - Mortgages\n  - Stress testing\n- Keywords:\n  - bank solvency stress test result\n  - Credit\n  - D. solvency stress tests result\n  - fair value\n  - feedback effect\n  - Global\n  - Insurance\n  - Insurance companies\n  - Macroprudential solvency stress tests\n  - Mortgages\n  - resolvability Assessment framework\n  - Stress testing\n\n---\n\n Content in this bundle\n\n- Executive Summary and Recommendations\n  - Executive Summary and Recommendations (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Executive Summary and Recommendations (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
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    "Published: April 8, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400206504.002",
    "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.",
    "Pandemic “scarring” of balance sheets across institutional sectors:",
    "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.",
    "Subjects:",
    "Keywords:",
    "**Executive Summary and Recommendations**"
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