{
  "title": "West African Economic and Monetary Union: Financial Sector Assessment Program-Technical Note-Stress Tests, Credit Concentration, and Interest Rate Risks",
  "publication": "IMF Staff Country Reports, August 25, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/08/25/west-african-economic-and-monetary-union-financial-sector-assessment-program-technical-note-522603",
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  "summary": "This technical note presents the stress tests on credit, interest rate, and concentration risk conducted by the WAEMU FSAP.1 Stress tests on contagion and liquidity risks are addressed separately.",
  "sections": [
    {
      "heading": "Scope and purpose",
      "content": "- Presents the stress tests on credit, interest rate, and concentration risk conducted by the WAEMU FSAP.\n- Notes that stress tests on contagion and liquidity risks are addressed separately.\n- States the role of stress tests: detecting financial sector vulnerabilities, setting up targeted banking sector monitoring, imposing preventive measures, and informing public decision-makers of macrofinancial risks and costs."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Bank soundness, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, International organization, Market risk, Monetary policy, Nonperforming loans, Stress testing\n- Keywords: bank cluster, bank portfolio, Bank soundness, BCEAO's bank, concentration risk, Financial Sector Assessment Program, IMF-World Bank Financial Sector Assessment Program, Market risk, Nonperforming loans, risk modeling, Stress testing, West Africa"
    },
    {
      "heading": "Actions and follow-up noted by the unit",
      "content": "- Contagion and liquidity risk stress testing are treated in separate documentation (no details provided here).\n- Intended uses of the stress-test outputs include:\n  - Detecting vulnerabilities in the financial sector.\n  - Setting up targeted banking sector monitoring.\n  - Imposing preventive measures.\n  - Informing public decision-makers of macrofinancial risks and costs.\n\nInternational Monetary Fund. African Dept. \"West African Economic and Monetary Union: Financial Sector Assessment Program-Technical Note-Stress Tests, Credit Concentration, and Interest Rate Risks\", IMF Staff Country Reports 2022, 279 (2022).\n\n---\n\n Content in this bundle\n\n- 1wauea2022004\n  - 1wauea2022004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1wauea2022004 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 25, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400217340.002",
    "Presents the stress tests on credit, interest rate, and concentration risk conducted by the WAEMU FSAP.",
    "Notes that stress tests on contagion and liquidity risks are addressed separately.",
    "States the role of stress tests: detecting financial sector vulnerabilities, setting up targeted banking sector monitoring, imposing preventive measures, and informing public decision-makers of macrofinancial risks and costs.",
    "Subjects: Bank soundness, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, International organization, Market risk, Monetary policy, Nonperforming loans, Stress testing",
    "Keywords: bank cluster, bank portfolio, Bank soundness, BCEAO's bank, concentration risk, Financial Sector Assessment Program, IMF-World Bank Financial Sector Assessment Program, Market risk, Nonperforming loans, risk modeling, Stress testing, West Africa",
    "Contagion and liquidity risk stress testing are treated in separate documentation (no details provided here).",
    "Intended uses of the stress-test outputs include:",
    "**1wauea2022004**"
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